CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Cotton Corporation of India will set up its own warehouse in which country to boost cotton exports?
A
Vietnam
B
Bangladesh
C
Japan
D
Thailand
Explanation: 

Detailed explanation-1: -Notes: The Cotton Corporation of India (CCI ) is to set up its own Cotton warehouse in Vietnam, to boost Exports. A government-to-government Memorandum of Understanding is also being prepared to export 1.5-2 million bales of cotton to Bangladesh.

Detailed explanation-2: -India Imports from China of Cotton was US$94 Million during 2021, according to the United Nations COMTRADE database on international trade. India Imports from China of Cotton - data, historical chart and statistics - was last updated on February of 2023.

Detailed explanation-3: -The value of the exports amounted to US$ 6.3 billion in the year 2020-21, and US$ 9.9 billion between April 2021-February 2022. It amounted to 2.16% and 2.61% of India’s total exports in 2020-21 and between April 2021-February 2022, respectively.

Detailed explanation-4: -Export of cotton is free without any restrictions.

There is 1 question to complete.