Home / Knowledge / News / Textiles / Indian textile lobbies disfavor ban on cotton exports
Indian textile lobbies disfavor ban on cotton exports
20
Nov '12
This will sound like music to the ears of cotton importing countries like China, Bangladesh or Vietnam and also to exporters of the white gold from India.

Leaders from opposing Indian lobbies – both the raw cotton and the textile industry associations, opine that India should not ban or put a cap on raw cotton exports, in the current cotton season, despite a fall in output.

The Indian Textile commissioner recently said that Indian cotton output may be down in 2012-13 by around five percent to 33.4 million bales of 170 kg each from 2011-12’s production of 35.3 million bales. This figure is likely to further fall or rise in future estimates.

There are apprehensions that the Indian government may ban exports of cotton or put a cap as in previous years, due to the fall in cotton production.

However these fears were misplaced as both the cotton producers’ trade lobby as well as the textile mills trade lobby vehemently opposed a ban or cap on exports of the white gold.

Mr DK Nair – Secretary General of Confederation of Indian Textile Industry (CITI), which represents the Indian textile industry said, “We have represented to the Indian government not to restrict exports of cotton in the current season”.

Giving reasons for the same, he explained, “We want the government to pursue an open general license (OGL) policy and let the cotton markets follow its own course, as uncertainty does not help anybody.

“The best situation for the Indian textile industry is to have free exports and imports of cotton, yarn or fabrics. Secondly, we do not foresee a shortage of cotton, so we do not see any reason for the government to ban or cap cotton exports.”

Indian Cotton Federation (ICF) Secretary – Mr Vishwanathan said, “India should not ban cotton exports as cotton inventories are very good in the country, as our consumption has gone down drastically. There will be enough bales for exports.”

He added, “Power cuts have crippled operations in Tamil Nadu, which accounts for 50 percent of installed spindles in India. The Indian cotton yarn market too is presently sluggish. Cotton yarn exports are growing but since local market is slow, spinners have no option, but to export at low prices.”

Secretary General of South Indian Mills Association (SIMA) - Dr K Selvaraju which represents interests of mills in Tamil Nadu and other Southern states too was very forthcoming when he said, “Cotton imports by China are foreseen to fall, which could impact Indian cotton exports in the season.

“Secondly, global cotton stock use ratio in this season is expected to be 74 percent, the highest in recent years. So I do not foresee any shortage of cotton in India, which does not entail banning or capping Indian exports of the commodity.”

Fibre2fashion News Desk - India


Must ReadView All

Coats acquires yarn manufacturer Patrick Yarn Mill

Textiles | On 12th Dec 2017

Coats acquires yarn manufacturer Patrick Yarn Mill

Coats, the world’s leading industrial thread manufacturer, has...

India’s garment imports from Bangladesh up 56% post-GST

Apparel/Garments | On 12th Dec 2017

India’s garment imports from Bangladesh up 56% post-GST

India has imported $87.4 million worth of readymade garments from...

Courtesy: Badger Sportswear

Apparel/Garments | On 12th Dec 2017

Badger Sportswear acquires Alleson Athletic

Badger Sportswear, a leading manufacturer of athletic apparel and...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Vasanth Kumar
Max Fashion India

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

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Kevin Nelson
TissueGen

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Robert Brunner
Devereux

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

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

December 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search