Home / Knowledge / News / Textiles / B'desh to decide on cotton import from other nations
B'desh to decide on cotton import from other nations
12
Apr '12
The Government of Bangladesh will soon decide on importing cotton from other countries in the wake of ban imposed by India on its cotton exports.

To discuss the matter, the Ministry of Commerce (MoC) has called a meeting with cotton importers, representatives of textiles and readymade garment (RMG) sectors and various Government agencies.

The meeting will discuss various ways and means that should be opted for importing cotton from other countries to save the domestic textiles sector.

The Indian Government banned exports of cotton on March 5, 2012, as it feared that the country might need to import cotton at higher prices for domestic use if exports were not restricted.

Subsequently, during his visit to India, Bangladesh Commerce Secretary requested the Indian Government to reconsider its decision and lift ban on cotton exports to Bangladesh.

However, a meeting of Group of Ministers (GoM) this week decided on continuation of the ban on cotton exports from India.

India is the world's second largest cotton producer after China and hence the ban on cotton exports is affecting the textile industry of Bangladesh, which does not produce cotton.

Hence, Bangladesh is now exploring alternative sources for importing cotton for its domestic needs. It is considering importing cotton from Uzbekistan, Australia and the US.

A MoC team will visit Uzbekistan and will also contact the US cotton council for exploring the possibility of importing cotton to meet domestic demand.

In fiscal year 2010-11, Bangladesh imported the highest number of 1.647 million bales of cotton form India, followed by 1.391 million bales from the Commonwealth of Independent States (CIS) including Uzbekistan, 0.301 million bales from African countries and another 0.598 million bales form other countries.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd May 2017

GST to be biggest achievement of Modi govt: ASSOCHAM

Goods and Services Tax (GST) which is near a roll-out would be the...

Textiles | On 22nd May 2017

Maintaining NAFTA benefits is crucial: Cotton council

The US must remain a participant in a vibrant North American Free...

Apparel/Garments | On 22nd May 2017

Retailers ask Congress not to go for consumption tax

The National Retail Federation has asked US Congress to focus on...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Pranav Mishra
Huemn

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Silvia Venturini Fendi
Fendi s.r.l

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

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