Home / Knowledge / News / Textiles / Govt to take decision on cotton waste exports
Govt to take decision on cotton waste exports
29
Mar '11
Monoj Kumar Roy, Joint Secretary (export) of the Commerce Ministry, recently revealed that, the government during an inter-ministerial meeting would decide on banning cotton-waste exports.

The government's move is based on the complaints made by the denim fabrics and terry towel producers who claimed that, cotton-waste export is giving rise to scarcity of the commodity in the domestic market.

In pursuance of the same, the Textile and Jute Ministry had forwarded a letter to the Commerce Ministry, seeking a ban on export of cotton-waste, as its prices have risen considerably in the domestic market.

The government, in June 2008, fixed the minimum export price of the commodity at $1.60 per kg, so as to avert the unscrupulous traders from exporting commodity at a lower price.

However, owing to the rise in the global prices of raw cotton, the cotton-waste prices in the domestic markets have also gone up.

Bangladesh Terry Towel and Linen Manufacturers and Exporters Association (BTTLMEA) in September last year, forwarded a letter to Bangladesh Tariff Commission, requesting the government to ban cotton-waste exports, in order to ensure availability of the same in the domestic market at a price fixed by the government.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Shopper Stop

Apparel/Garments | On 30th Mar 2017

Contactless payments at Shoppers Stop

India's leading fashion retailer Shoppers Stop has entered into a...

Textiles | On 30th Mar 2017

Cotton target price kept unchanged in Xinjiang

China’s National Development and Reform Commission (NDRC) has kept...

Courtesy: Li & Fung

Textiles | On 29th Mar 2017

Li & Fung introduces new 3-year plan 2017-2019

Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Kerem Durdag
Biovation II LLC

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

Giorgio Mantovani
Corman S.p.A

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

Eamonn Tighe
Nature Works LLC

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Wendell Rodricks
Wendell Rodricks

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

Pranav Mishra
Huemn

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

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
March 2017

March 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