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Do not withdraw cap on cotton exports under foreign pressure - Experts
04 Nov '10
1 min read
Experts from the country's textile sector have requested the government to not to give in to pressure from a number of global textile organizations for withdrawing the ceiling on export of cotton.
It is just a few days back that, several textile organizations from European Union (EU), United States, Mexico and Turkey have forwarded a collective note to their governments with a request to initiate urgent action to ensure restrictions imposed by Indian Government on cotton exports are withdrawn.
Further, though the Indian government is to review this ceiling on cotton exports in December, but then the country's textile industry believes that it is not the right time to review the same.
The government had stated that, it would reassess the situation and if they feel that there is extra cotton available for export, they may permit the same, but for which, it needs time for overall assessment of the situation.
The textile industry opined that, as the Indian government is not infringing any WTO regulation, thus the pressures from foreign countries would barely have any influence.
It is just a few days back that, several textile organizations from European Union (EU), United States, Mexico and Turkey have forwarded a collective note to their governments with a request to initiate urgent action to ensure restrictions imposed by Indian Government on cotton exports are withdrawn.
Further, though the Indian government is to review this ceiling on cotton exports in December, but then the country's textile industry believes that it is not the right time to review the same.
The government had stated that, it would reassess the situation and if they feel that there is extra cotton available for export, they may permit the same, but for which, it needs time for overall assessment of the situation.
The textile industry opined that, as the Indian government is not infringing any WTO regulation, thus the pressures from foreign countries would barely have any influence.
Fibre2fashion News Desk – India
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