Complex sentence: The Surendranagar Cotton Oil and Oilseeds Association Ltd, (Government of India recognised) is world famous future trading exchange of cotton established in 1964 and is the first Cotton Future Trading Exchange in India.
Split into simpler sentences: The Surendranagar Cotton Oil and Oilseeds Association Ltd, (Government of India recognised) is a world famous futures trading exchange for cotton. It was established in 1964 and is the first Cotton Future Trading Exchange in India.