Home / Knowledge / News / Textiles / Govt declares 5% duty incentive on cotton exports
Govt declares 5% duty incentive on cotton exports
Feb '09
The Directorate General of Foreign Trade in a notice put up on its website mentions that a 5 percent duty incentive is available on exports of raw cotton, effective from April 1, 2008 till June 30, 2009.

This has been made possible by including raw cotton under the Vishesh Krishi Gram Udyog Yojana (VKGUY). This scheme has been launched for the promotion of exports mainly farm produce.

Experts have ridiculed this move of the government by saying that it would be equivalent to subsidizing cotton purchased by other competitor countries like China, Pakistan and Bangladesh from India.

As it is cotton production figures are expected to drop by 9.94 percent in the current cotton season and touch 29 million bales (1 bale=170 kg) instead of the 32.2 million bales projected by the government in October last year.

This decision of the government has invariably pushed up prices of the white gold as had been suggested by experts. In early morning trades on February 18, cotton prices zoomed by Rs 250-300 per candy (1 candy=356 kg) in the Gujarat cotton markets.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Suresh Patel
Sidwin Fabric

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

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Ashok Desai
Bombay Textile Research Association

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Jay Ramrakhiani
Occasions Elegance Wear

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

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

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


Browse Our Archives


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