Home / Knowledge / News / Textiles / Govt to decide on further time extension for cotton exports
Govt to decide on further time extension for cotton exports
15
Dec '10
December 15 may bring respite to raw cotton exporters, who had been permitted to export 5.5 million bales of cotton. However, the information that Indian exporters have so far been able to export less than half of 5.5 million cotton bales, has come as a breather to the domestic textile sector.

As per the government's decision, cotton exports from India had been permitted from 1st November and the entire volume of 5.5 million cotton bales had to be exported by 15th December. But, till now, around 2.5 million cotton bales have been shipped out of the country. The Government of India has to take the decision, at the ministerial level, whether it should give further time extension for cotton exports. This was revealed by Rita Menon, the Secretary in the textile ministry.

Ministers from various ministries such as finance, commerce, agriculture and textile are anticipated to meet, in order to decide on further time extension for exports of cotton.

Menon further added that the government will scrutinize all the registrations in order to ensure their authenticity. Initially, the government will take note of valid registrations only and see the variation between the quantity of exports and the quantity registered for the purpose of exports. Then only it will arrive at a suitable policy decision.

In September, when the government came up with the decision of permitting cotton exports in this season, the entire textile sector had opposed the decision. The opposition was because of the impediment that was likely to be caused to the domestic textile sector due to high raw material prices.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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
February 2017

February 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