Home / Knowledge / News / Textiles / Bangladesh may get Indian cotton
Bangladesh may get Indian cotton
30
Mar '12
The Government of India is considering selling cotton to Bangladesh by way of a contractual agreement between the Cotton Corporation of India (CCI) and its counterpart in the neighbouring country.

During its meeting with India's Commerce Secretary Rahul Khullar, a visiting Bangladeshi delegation led by Commerce Secretary Md Ghulam Hussain raised concern over restrictions imposed by India on cotton exports.

The Bangladesh side said it needs a minimum of 1.5 million cotton bales from India every year.

At the meeting between the Commerce Secretaries of both countries, which took place after a gap of nearly eight years, both sides agreed to renew their existing bilateral trade agreement, which expires on March 31, 2012, for a further period of three years.

The trade agreement lists the steps that are to be implemented by both sides to improve bilateral trade, in addition to concessions provided by both sides while trading in each other's goods.

India's Commerce Secretary Rahul Khullar said a Group of Ministers (GoM) are going to meet next week to decide whether to allow further exports of cotton during the remaining months of the current marketing year that ends in September.

The Indian Government imposed a sudden ban on cotton exports on March 5 this year, but subsequently it partially rolled back the ban on March 12, following political pressure. However, fresh registration for export contracts was stopped.

Prior to the cotton export ban, registration certificates (RCs) were issued for export of about 13 million bales of 170 kg each, of which 9.5 million bales were already shipped out.

The RCs issued for about 3.5 million bales prior to the ban, whose actual exports had not taken place, are being scrutinized by the Directorate General of Foreign Trade (DGFT).

The scrutiny procedure of RCs for cotton exports to neighbouring nations through land route has been completed.

During the current cotton season, India is estimated to have produced a record 34.08 million bales of cotton.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Md Siddiqur Rahman, president, BGMEA, addressing a press conference with other dignitaries. Courtesy: BGMEA

Apparel/Garments | On 29th May 2017

BGMEA asks govt for 5% incentive for 2 years in Budget

The Bangladesh Garment Manufacturers and Exporters Association...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Karel Williams
Dow Microbial Control

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

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Marcel Alberts
Eurofibers

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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:
May 2017

May 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