Home / Knowledge / News / Textiles / India to review cotton export ban on March 9
India to review cotton export ban on March 9
07
Mar '12
Following pressure from many quarters, the Indian government will review the ban imposed on cotton exports in a meeting to be held on March 9.

The Commerce Minister – Mr Anand Sharma who also holds additional charge of the Textiles Ministry took the decision to ban exports on the recommendations of the Textile Secretary, Agriculture Secretary and Commerce Secretary.

The meeting on March 9 will be attended by the Finance Minister – Mr Pranab Mukerjee, the Agriculture Minister – Mr Sharad Pawar and Mr Anand Sharma.

Ms Kiran Dhingra – Textile Secretary said, "Currently, textile mills are carrying lowest cotton inventories in the past ten years and considering the tight liquidity situation in the sector, it is not possible for them to purchase cotton in large quantities to cover their future requirements at this stage”.

She added, “The textiles policy of 2010 had laid down that a carry-forward balance of 5 million bales be maintained and only surplus cotton should be exported. Exports of 9.4 million bales have brought down the carry-over stocks to 3.6 million bales”.

Fibre2fashion News Desk - India


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Tim Savage from Pexels

Textiles | On 19th Jun 2018

Da Lat begins construction of $50mn wool yarn factory

Da Lat Worsted Spinning Limited Company has begun construction of a...

Interviews View All

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Marten Alkhagen
Swerea IVF AB

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search