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Export of cotton continues to increase

21
Mar '07
As per the prevalent policy of the Government, cotton exports from the country is allowed under Open General License (OGL) with zero duty. Further, with a view to encourage cotton export from the country, from cotton season 2005-06, the Government has been giving incentive of 1% under the Duty drawback.

This was stated by the Minister of State for Textiles, Shri E.V.K.S. Elangovan in a reply to a question by Shri girdhari Lal Bhargava and Smt. Kiran Maheshwari in Lok Sabha.

He further stated that export of cotton has registered a sharp increase in cotton season 2005-06 when the country exported a record quantity of 47 lakh bales as against 9.14 bales during 2004-05.

During the current year 2006-07, the cotton exports are expected to maintain the same pace. The Cotton Advisory Board has estimated cotton exports during 2006-07 at 48 lakh bales.

Click here for details of the cotton exports from India during the last five years:

During the current years it is expected that 48 lakh bales of cotton will be exported, at approximate value of Rs. 3791.19 crore.

Press Information Bureau Government of India


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