New Delhi, May 5 -- The Union Cabinet on Tuesday approved Rs 5,659.22 crore for the Mission for Cotton Productivity (2026-27 to 2030-31) to address bottlenecks, declining growth and quality concerns in India's cotton sector and position the country as a competitive player in global textile markets by 2030-31.

Briefing reporters about decisions of the Union Cabinet, Information and Broadcasting Minister Ashwini Vaishnaw said India is the world's second-largest cotton producer with 297 Lakh bales in 2024-25.

He said about 32 Lakh cotton farmers in the country and the domestic demand is expected to increase to 450 lakh bales by 2030-31.

According to a release, the mission aligns with the government's 5F vision -- Farm to Fibre to Factory ...