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

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Priyanka
Studio Priyanka Rajiv

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mike Hoffman
Gildan Activewear SRL

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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