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

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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
January 2017

January 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