Home / Knowledge / News / Textiles / India's ban on cotton exports evokes mixed response
India's ban on cotton exports evokes mixed response
07
Mar '12
The decision of Government of India to ban exports of cotton has received mixed response from various textile and garment bodies.

The Indian Government prohibited the exports of cotton till further notice due to apprehensions that there might be shortage of cotton in the domestic market as there are fears of hoarding in warehouses in India's export markets.

The Confederation of Indian Textile Industry (CITI) said the ban imposed by the Government on exports of natural fibre has come as a surprise to it.

CITI Secretary General DK Nair said there is enough supply of cotton to meet the current requirement as there is a slowdown in demand for cotton in both local and international markets.

On the other hand, the Government's move to ban exports of cotton was welcomed by Apparel Export Promotion Council (AEPC).

AEPC Chairman A Sakhtivel said the ban will help in promoting exports of value-added items like garments, which give higher returns compared to exports of raw material like cotton.

He added that the Government's move would ensure adequate supply of raw material to textile mills and thus boost apparel exports in future.

He said the ban would also enable India to compete with countries like Bangladesh in garment exports.

The Triupr Exporters' Association (TEA) has also welcomed the decision of the Ministry of Commerce to ban export of cotton.

TEA termed the Government's decision as a positive step that would help in revival of the textile industry, where cotton is the main raw material.

It added that the cotton export ban will reduce cotton price distortions in the local market and a hoped that a correction in cotton price will soon take place.

Meanwhile, Agriculture Minister Sharad Pawar has strongly objected to the Government's decision saying the cotton cultivators in Gujarat, Madhya Pradesh and Andhra Pradesh are greatly affected as traders in these States have stopped purchasing cotton from them after the ban on exports was announced.

The Minister has written to Prime Minister Manmohan Singh seeking his intervention in the matter and demanded lifting of the ban on cotton exports with immediate effect.

As per the estimates of the Agriculture Ministry, India's cotton production during the current season (October 2011-September 2012) is likely to be around 34 million bales of 170 kg, revised downwards from the earlier projection of 34.5 million bales.

Till February 2012, India exported 9.1 million bales, compared to estimates of exports of 8.4 million bales during the entire season, according to the data from the Ministry of Textiles.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search