Home / Knowledge / News / Textiles / India maintains status quo on cotton exports

India maintains status quo on cotton exports

17
Jan '11
The Committee of Secretaries involving ministries that deal with raw and cotton yarn exports met in New Delhi on January 14th as planned. No decision was made with regard to revising the export quota limit for raw cotton and cotton yarns.

The maximum export limit will be 5.5 million bales of 170 kg each. On January 10th, India's Director General of Foreign Trade allocated 1.9 million bales to 928 exporters, which have to be shipped by February 25th. This allotment of remaining bales will fulfill the export quota limit of 5.5 million bales.

A senior executive of a textile conglomerate who wanted to remain anonymous advised this scribe via a telephone conversion on Saturday morning U.S time (January 15) that the committee of secretaries that met Friday, January 14th did not make any decision on revising the quota limit of raw cotton and cotton yarn.

Mr. Subhash Grover, Chairman and Managing Director of Cotton Corporation of India confirmed this information via a telephone conversation from Mumbai, India and advised that India will maintain its status quo with regard to raw cotton export.

In summary, as of January 15th, India's export quota limit for raw cotton stands at 5.5 million bales (170 kg each, with February 25th being the deadline for physical shipment of 1.9 million bales.

Seshadri Ramkumar


Must ReadView All

Pic: Shutterstock

Textiles | On 3rd Aug 2021

Pingnan County in China investing ¥26 bn in textile industry cluster

Pingnan County in the Guangxi region of China is building a textile...

Pic: Shutterstock

Apparel/Garments | On 3rd Aug 2021

84% industrial units in Bangladesh reopen; union leaders concerned

Around 84 per cent of Bangladesh's textile and readymade garment...

Pic: Shutterstock

Apparel/Garments | On 3rd Aug 2021

Prime Content| Vietnam textile & garment exports at $17.953 bn in Jan-June '21

Vietnam earned $17.953 billion from textile and garment exports in...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

The pandemic has reinstated need for organised retail spaces in Tier II...

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

Barry Goodwin,

Barry Goodwin

UK based Amba Projex Ltd designs, manufactures, and installs industrial...

Mumin Can Eker,

Mumin Can Eker

Maseksport Inc is a readymade garment exporter. Founded in Izmir in 1989,...

Yawer Ali Shah,

Yawer Ali Shah

Synthetic colours and dyes were all the rage till the very first ban on...

Jacques Prigneaux, EDANA

Jacques Prigneaux
EDANA

EDANA has been the leading global association and voice of the nonwovens...

Hemant Bheda, Arevo

Hemant Bheda
Arevo

Arevo, based in Silicon Valley in California, develops technology to...

Shlomzion Chen, Seevix

Shlomzion Chen
Seevix

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah & Sandeep is a luxury menswear label...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

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