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 28th Apr 2017

Fix 5% GST rate for textile goods: Textile bodies

Uniform levy of 5 per cent Goods and Services Tax (GST) on all...

Textiles | On 28th Apr 2017

India lifts CVD imposed on Nepali Jute goods

The countervailing duty (CVD) that was imposed on Nepali jute...

Courtesy: Williamsburg Garment Company

Fashion | On 28th Apr 2017

'We have grown by staying small & maximising efforts'

The easiest way to go out of business is to be too big or expand too...

Interviews View All

Nuno Venda
ROQ

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

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Larry L Kinn
Suominen Corporation

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


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



X