The predominantly cotton based Indian textiles & clothing industry has been taking advantage of the home-grown cotton that were highly competitive when compared to the international prices despite high capital cost, tariff barriers, high power cost, etc. Consequent to the removal of cotton from the Essential Commodities Act from February 2007 and also inclusion of cotton on the MCX cotton trading platform, the multinational cotton traders started dominating the Indian cotton economy by taking advantage of cheaper funds and hedging facilities in the international market.