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

EU, Japan finalise Economic Partnership Agreement

Textiles | On 18th Dec 2017

EU, Japan finalise Economic Partnership Agreement

Building on the political agreement reached in principle during the...

WTO, ITC launch cotton portal to enhance transparency

Textiles | On 18th Dec 2017

WTO, ITC launch cotton portal to enhance transparency

The World Trade Organisation (WTO) and the International Trade Centre ...

India much behind China in containerised cargo capacity

Textiles | On 18th Dec 2017

India much behind China in containerised cargo capacity

India’s total containerised cargo capacity of 8.75 million...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kevin Nelson
TissueGen

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Karan Arora
Karan Arora

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

December 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.1%
No
13.8%
Skip
18.1%

Total Votes: 94

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.8%
No
29.8%
Skip
7.4%

Total Votes: 94

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
9.6%
Skip
3.2%

Total Votes: 94

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.9%
No
8.5%
Skip
9.6%

Total Votes: 94


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