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PDEXCIL urges govt to halt cotton exports
17
Mar '12
The Powerloom Development and Export Promotion Council (PDEXCIL) has urged the Indian Government to immediately halt cotton exports, as the export target has already exceeded.

PDEXCIL Vice Chairman (Southern Region), Mr. M Duraisamy said prior to allowing further exports of cotton, the Government should ensure availability of cotton to meet the domestic demand, which is presently around 26 million bales of 170 kg each.

The Director-General of Foreign Trade (DGFT) lifted the ban on cotton exports on March 12 by way of a notification citing around 8.4 million cotton bales as “exportable surplus”. Mr. Duraisamy said the country has already exported 9.5 million bales of cotton and the exportable surplus level has been exhausted.

Speaking on the sidelines of Texpo 2012 in Madurai, Mr. Duraisamy also urged the Tamil Nadu government to fetch a speedy solution to the power shortage issue in the state, as it is badly affecting the powerloom industry.

He said that arriving at an acceptable solution to halt the protest against Kudankulam Nuclear Power Project would be an important step towards addressing power crisis in the state.

The annual buyer-seller meet and exposition of powerloom fabrics and home textiles, Texpo 2012, is being jointly organized by PDEXCIL and Regional Office of Textile Commissioner, Coimbatore.

About the expo, Mr. Duraisamy said Texpo received good response last year as it bagged orders worth around Rs. 6 million, with several follow-on orders.

In addition to promotion of powerloom products, the expo provides the buyers with an opportunity to get in direct touch with the producers, discounting involvement of any middleman. Buyers can thus procure their requirements at almost the production cost.

Fibre2fashion News Desk - India


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