Home / Knowledge / News / Textiles / Gujarat CM for revocation of cotton export ban

Gujarat CM for revocation of cotton export ban

09
Mar '12
The Government of India's move of imposing a ban on cotton exports has been severely condemned by Gujarat Chief Minister, Narendra Modi, who has called for an immediate revocation of the order of the Director General of Foreign Trade (DGFT).

In a letter addressed to the Prime Minister, the CM contended that it was a pre-meditated move of the millers to portray an artificial dearth of cotton in home market so as to provoke a ban, which would help them to obtain cotton from farmers at low prices.

The letter said that last year too cotton farmers were exposed to similar conditions when an abrupt ban was imposed on cotton exports, which caused Gujarat farmers to incur a loss of Rs. 140 billion. Against last year's output of 9.8 million bales (1 bale =170 kg), this year the state is expected to produce 11.6 million bales of cotton, Mr. Modi claimed.

He further wrote that the Central Government's step has transpired when global prices of cotton variety Shankar-6 are on a rise, and thus sought an exemption of the variety from export ban.

According to industry analysts, around 7.5 million bales of cotton from Gujarat, most of it being Shankar-6 variety, have already arrived in the market.

India's overall cotton output for the current season (October-September) is pegged at 34 million bales, of which around 24 million bales have already reached the market.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Ritu Manoj Jethani / Shutterstock.com

Apparel/Garments | On 31st Jul 2021

US firm Steve Madden moves production to Mexico & Brazil from China

As supply chain disruption remains a significant challenge, American...

Pic: GBG USA

Apparel/Garments | On 31st Jul 2021

Apparel & footwear firm GBG USA files for bankruptcy protection

GBG USA, an indirect wholly owned subsidiary of Global Brands Group...

Pic: Shutterstock

Apparel/Garments | On 31st Jul 2021

Asian garment industry market concentration, consolidation rise: ILO

Although Asia's garment market rose in size in value terms before the ...

Interviews View All

India-EU Summit, Representatives

India-EU Summit
Representatives

India-EU FTA will provide EU with better access to a huge & rapidly...

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Cannot see the world breaking away from cotton & polyester

Rishav Bajoria & Subham Sengupta,

Rishav Bajoria & Subham Sengupta

Launched in October 2020, the Gumti app could not have come at a more...

Sanjay Vakharia,

Sanjay Vakharia

One of the first few Indian denim brands, Spykar, established in 1992, was ...

Amanda Cioletti,

Amanda Cioletti

The entertainment/character segment lead as the largest sector for the...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Shaan Sethi, Jaanuu

Shaan Sethi
Jaanuu

Jaanuu, a vertically integrated e-commerce company, has reimagined the...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha & Jigar blends India's unique handcrafts...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

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

Leave your Comments


July 2021

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


Advanced Search