Home / Knowledge / News / Textiles / Gujarat CM for revocation of cotton export ban
Gujarat CM for revocation of cotton export ban
09
Mar '12
The Government of India's move of imposing a ban on cotton exports has been severely condemned by Gujarat Chief Minister, Narendra Modi, who has called for an immediate revocation of the order of the Director General of Foreign Trade (DGFT).

In a letter addressed to the Prime Minister, the CM contended that it was a pre-meditated move of the millers to portray an artificial dearth of cotton in home market so as to provoke a ban, which would help them to obtain cotton from farmers at low prices.

The letter said that last year too cotton farmers were exposed to similar conditions when an abrupt ban was imposed on cotton exports, which caused Gujarat farmers to incur a loss of Rs. 140 billion. Against last year's output of 9.8 million bales (1 bale =170 kg), this year the state is expected to produce 11.6 million bales of cotton, Mr. Modi claimed.

He further wrote that the Central Government's step has transpired when global prices of cotton variety Shankar-6 are on a rise, and thus sought an exemption of the variety from export ban.

According to industry analysts, around 7.5 million bales of cotton from Gujarat, most of it being Shankar-6 variety, have already arrived in the market.

India's overall cotton output for the current season (October-September) is pegged at 34 million bales, of which around 24 million bales have already reached the market.

Fibre2fashion News Desk - India


Must ReadView All

US & EU retailers release industry approach to GDPR

Apparel/Garments | On 24th May 2018

US & EU retailers release industry approach to GDPR

The Washington, D.C.-based National Retail Federation and...

Global cotton consumption to reach record in 2018-19: USDA

Textiles | On 24th May 2018

Global cotton consumption to reach record in 2018-19: USDA

Reflecting continued growth in the global economy, world cotton mill...

Courtesy: Nanollose

Textiles | On 24th May 2018

Nanollose develops fabric from coconuts

Australian technology company Nanollose has developed a sustainable...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Hardik Sanghvi

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mohammad Hassan
Biax Fiberfilm

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

Robert Brunner
Devereux

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

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

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


May 2018

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

news category


Related Categories:

Advanced Search