Home / Knowledge / News / Textiles / India maintains status quo on cotton exports
India maintains status quo on cotton exports
17
Jan '11
The Committee of Secretaries involving ministries that deal with raw and cotton yarn exports met in New Delhi on January 14th as planned. No decision was made with regard to revising the export quota limit for raw cotton and cotton yarns.

The maximum export limit will be 5.5 million bales of 170 kg each. On January 10th, India's Director General of Foreign Trade allocated 1.9 million bales to 928 exporters, which have to be shipped by February 25th. This allotment of remaining bales will fulfill the export quota limit of 5.5 million bales.

A senior executive of a textile conglomerate who wanted to remain anonymous advised this scribe via a telephone conversion on Saturday morning U.S time (January 15) that the committee of secretaries that met Friday, January 14th did not make any decision on revising the quota limit of raw cotton and cotton yarn.

Mr. Subhash Grover, Chairman and Managing Director of Cotton Corporation of India confirmed this information via a telephone conversation from Mumbai, India and advised that India will maintain its status quo with regard to raw cotton export.

In summary, as of January 15th, India's export quota limit for raw cotton stands at 5.5 million bales (170 kg each, with February 25th being the deadline for physical shipment of 1.9 million bales.

Seshadri Ramkumar

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Tony Ward
Tony Ward

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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