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India issues license for cotton exports to Pakistan
31 May '10
1 min read
The Indian government has now begun permitting and issuing licenses for exports of 263,000 tons of raw cotton to Pakistan after revalidation of the cotton contracts.
This was revealed by the federal textile advisor, Mr Mirza Ikhtiar Baig after the Indian Commerce Ministry informed him that the Indian government had begun issuing licenses.
He also informed that he was pursuing with embassies of both the countries to ensure the cotton landed in Pakistan well before the new cotton starts arriving in the markets to ease the supply situation.
It may be recalled that the government of India had imposed a ban on cotton exports on April 19, but revoked the same on May 21, but with the rider that it has to be done with a license.
This was revealed by the federal textile advisor, Mr Mirza Ikhtiar Baig after the Indian Commerce Ministry informed him that the Indian government had begun issuing licenses.
He also informed that he was pursuing with embassies of both the countries to ensure the cotton landed in Pakistan well before the new cotton starts arriving in the markets to ease the supply situation.
It may be recalled that the government of India had imposed a ban on cotton exports on April 19, but revoked the same on May 21, but with the rider that it has to be done with a license.
Fibre2fashion News Desk - India
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