The USDA’s FAS has projected India’s cotton production to

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The total debt burden stood at Rs 3800 crore including Rs 500 crore in working capital. The other promoter director Prashant Jhawar was absent at the AGM. Prashant Jhawar moved the NCLT challenging Rajeev Jhawar’s fund infusion into the company. The USDA’s FAS has projected India’s cotton production to decline 1.7% on year to 365 lakh bales (1 ba le = 170 kg) due to delay in monsoon rains and fall in acreage. As per Commerce ministry data, cotton exports in June surged by 27.6% to 5.7 lakh bales as compared to last year. India is likely to export 70 lakh bales of cotton in 2018/19, down 30% from an earlier estimate due to low crops..

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