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Dr Baig requests India to release cotton consignments
28
Apr '10
Dr Mirza Ikhtiar Baig, textile advisor to the Pakistani Prime Minister, has requested the Indian government to immediately deliver around 200,000 bales of Indian raw cotton bought by Pakistani mill owners.

Baig informed that, due to India's ban on overseas sales of cotton to protect its own textile industry, alarmed Pakistani importers started buying cotton from other countries to meet the requirements of the country's textile industry, leading to an increase in cotton prices in the global market.

Dr Baig has been discussing this matter with the Pakistan High Commission in New Delhi, and has suggested that the Commission should request the Indian authorities to permit shipment of cotton booked earlier by Pakistani firms, which has been held back at the Indian ports.

However, the Indian government has urged the exporters to re-certify all their official cotton sales contracts by April 30. This, will permit unshipped quality of cotton on a per month pro-rata basis, which is scheduled to start within seven days according to the Indian Ministry's textile notice dated April 19, informed Minister for Trade, Pakistan High Commission, Naeem Anwar.

Fibre2Fashion News Desk - India


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