Home / Knowledge / News / Textiles / India to limit cotton exports to 5.5 mn bales in 2010-11
India to limit cotton exports to 5.5 mn bales in 2010-11
30
Dec '10
The Directorate General of Foreign Trade (DGFT) through a notification has announced that it will start registering contracts for cotton exports between December 31, 2010 and January 6, 2011, for the unshipped quantity of 5.5 million cotton bales, which could not be exported by December 15, 2010.

In October, the government had granted permission to export 5.5 million bales (1 bale= 170 kg) of raw cotton and appointed the Textile Commissioners Office as the authority to register the export contracts. Along with which it had also set a deadline of December 15, 2010 to ship these 5.5 million bales.

DGFT is collecting the data for cotton bales shipped between November 1 and December 15 and allocation will made for the balance quantity keeping in view the decision of the government to limit the export of raw cotton to 5.5 million bales, during the cotton season 2010-11.

Allocation will be done on a pro-rata basis with a ceiling of 100,000 bales and floor of 500 bales per IEC. Secondly, exporters who did not export full quantity for which registration certificate was obtained by them from Textile Commissioner, Mumbai in October, 2010, would be dis-incentivised by reduction of their pro-rata quantity by the percentage of such default.

As per sources from the Textile Commissioners Office, around 3.4 million bales have been shipped till December 15.

Click here to view DGFT notification.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: UPM Raflatac

Apparel/Garments | On 17th Jan 2017

New residue free textile label adhesive from UPM Raflatac

Producer of self adhesive label materials UPM Raflatac, has...

Courtesy: Authentic Brands Group

Apparel/Garments | On 17th Jan 2017

Teen retailer Aéropostale reopens 500 stores in US

Teen apparel retailer Aéropostale has reopened 500 stores in the US,...

Courtesy: Centric Software

Information Technology | On 17th Jan 2017

Centric releases version 6.0 of PLM solution

Centric Software, the leading PLM solution for fashion, retail,...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Sonam & Paras Modi
SVA

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
January 2017

January 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