Home / Knowledge / News / Textiles / DGFT tightens policy for cotton exporters
DGFT tightens policy for cotton exporters
Jun '11
Applications for the export of one million bales (1 bale = 170 kg) of cotton have been invited by the Directorate General of Foreign Trade (DGFT), under the aegis of the Ministry of Commerce, Government of India.

The DGFT will accept applications for a week beginning 20 June 2011. The invitation for applications follows the recent sanction of an additional one billion bales of cotton for export by the Group of Ministers (GoM) for the current cotton season ending September 2011.

To control the entry of opportunistic and non-serious traders, the agency has this time tightened regulations, besides deciding to accept applications only from reputed exporters.

Companies which successfully exported cotton in 2008-09 and 2009-10 seasons are eligible for application. Also, the banks' letter of credit (LC), issued in favour of exporters, stands irrevocable. It means that the name on the LC cannot be changed or transferred.

The DGFT has put a ceiling of 4,250 tons or 25,000 bales of cotton as the maximum permissible quantity for application. The agency will decide on allocation on a pro-rata basis.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Oct 2016

Arvind to dilute 10% stake in brand business arm

Arvind Limited, one of India’s largest integrated textile and apparel ...

Courtesy: Commonwealth Bank of Australia

Textiles | On 25th Oct 2016

World’s first cotton shipment using Skuchain’s Brackets

The world’s first trade transaction involving shipment of cotton...

Textiles | On 25th Oct 2016

Cotton yield to increase to 568.29 kg/ha in 2016-17: CAB

At its first meeting for the cotton season 2016-17, the Cotton...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search