Home / Knowledge / News / Textiles / Govt all set to increase cotton cess
Govt all set to increase cotton cess
27
Apr '11
A rise of 150 percent is imminent in cotton cess, as the Pakistan Central Cotton Committee (PCCC) has already begun the process for raising the cess from Rs. 20 per bale to Rs 50 per bale.

The Pakistani government intends to increase cotton cess in order to intensify research and development activities to boost cotton output.

Rise in taxes during 2011-12 are expected to generate additional $8.14 million or Rs. 700 million, while the country's overall cotton output for 2011-12 season is expected at around 10.9 million or 480 lb bales.

Around 3.3 million hectares of area is believed to be under cotton cultivation for 2011-12 season, which is 25 percent more than last year. This rise in cotton cultivation acreage is mainly due to global cotton prices touching record high levels, which has inspired farmers to take up cotton production.

The country's consumption for 2011-12 is projected at 11.5 million bales, while its imports for the period are estimated at 1.6 million bales.

Pakistan is the fourth largest producer and third largest consumer of cotton across the world, with cotton being country's principal non-food cash crop, contributing 8.6 percent of the value addition in agriculture and 1.8 percent of country's GDP.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

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

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Suresh Patel
Sidwin Fabric

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

Johan Berlin
InvestKonsult Sweden AB

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

Ritu Kumar
Label Ritu Kumar

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

Igor Chapurin
Chapurin

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

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X