Home / Knowledge / News / Textiles / CITI backs Govt for imposing cotton contract registration
CITI backs Govt for imposing cotton contract registration
30
Jul '08
As one of the means of restricting cotton exports, Government of India has made registration of overseas contracts with Textile Commissioner compulsory for exporters.

Customs authorities have been asked by the Directorate General of Foreign Trade, not to clear shipments unless the export contracts are testified.

In an exclusive interview with Fibre2fashion, Mr D K Nair, Secretary General for Confederation of Indian Textile Industry (CITI) stated that the move has been taken on the request made by the association but there is no restriction on export of cotton. The stipulation is only meant to ensure that government is aware of actual export trends and the quantity of exports. Directorate General of Commercial Intelligence and Statistics (DGCI&S), Kolkata, which is the official agency of Government for compilation of export figures, is able to give aggregated and confirmed export figures only after a time lag of nearly one year. The new procedure will help central authorities to collect export figures much quicker.

The Textile Commissioner has already announced the procedures for registration of contracts for cotton exports and he has ensured that there will be no delay or cumbersome procedural requirements.

CITI has also requested the Textile Commissioner to introduce electronic registration and it is hoped that there are plans to handle this work online. That will make the procedure even smoother.

Mr D K Nair reiterated by saying that, “the objective behind the registration of contracts is that reliable export data should be available with Government for any policy interventions that may become necessary at any stage. I do not think anybody should have any issues regarding this objective. Informed decisions should always be more welcome than decisions based on perceptions!”

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

Digital technology to accelerate Indian business growth

Indian business will benefit much by going digital, according to a...

Textiles | On 27th Mar 2017

Raymond to buy 98,000 metres khadi fabric from KVIC

Raymond, leading Indian fashion retailer, has ordered 98,000 metres...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Manfred Mentges
Sedo Treepoint GmbH

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

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Marcel Alberts
Eurofibers

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Bani Batra

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

Judy Frater
Somaiya Kala Vidya

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search