M&A

M&A

Centre proposes merger of Jute Corp with Cotton Corp of India

Business Line  

The Centre proposes to merge the Jute Corporation of India Ltd (JCI) with the Cotton Corporation of India Ltd (CCI) to create a bigger public sector entity to carry out procurement operations of all textile fibres. A request for proposal (RFP) has been floated to appoint a consultant for merger of both the PSUs under the Ministry of Textiles.