Home / Knowledge / News / Textiles / India extends cotton largesse to Bangladesh
India extends cotton largesse to Bangladesh
27
Oct '10
India has given an assurance to Bangladesh that it would export 1.1 million bales of cotton in addition to the amount that has already been decided according to the contracts. India would also modify the present laws to eliminate the non-tariff barriers that often cause hassle in the way of importing jute sacks from Bangladesh.

Commerce Minister of Bangladesh, Faruque Khan informed that his Indian counterpart has given him the assurance about the duty-free entry of more products from Bangladesh to India. A positive decision will be taken soon in this direction. Under the South Asian Free Trade Agreement (Safta), Bangladesh has put forward a priority list of 61 products to India, asking for duty-free entry. These products mainly include textile, garments and footwear.

The minister, who has just concluded his three-day official trip to India, informed that the Government of India is keenly involved in the consideration of the priority list. The 1.1 million bales of cotton that India has promised to export to Bangladesh is in addition to the 135,000 bales of cotton that was already decided under a contract between the two countries before India had enforced a restriction on the export of cotton in April, 2010.

The Indian Commerce and Industry minister, Anand Sharma, revealed that directions have been given for the immediate recommencement of cotton exports to Bangladesh. Letters of credit (LC) for the cotton exports had already been sanctioned prior to the imposition of the ban on cotton exports.

Bangladesh is eager to ascertain 'cotton security' for its apparel industry which had registered a record growth last year in spite of the global financial crisis. Bangladesh has been importing 30 to 35 percent of its cotton demand from India.



Fibre2fashion News Desk-India


Must ReadView All

Textiles | On 19th Aug 2017

New fabric interfaces to interact with computers

As computer capabilities evolve, new fabric-based interfaces are...

Textiles | On 19th Aug 2017

Brazilian cotton prices drop in first fortnight of August

Cotton prices dropped in the Brazilian market in the first fortnight...

Apparel/Garments | On 19th Aug 2017

Target to acquire Grand Junction for faster deliveries

Target Corporation has announced that it has agreed to acquire Grand...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Eric Scholler
Groz-Beckert

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Urs Stalder
Sanitized AG

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Karan Arora
Karan Arora

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

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

August 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
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

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
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

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
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

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
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


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