India: Cotton availbility for domestic industry
The Government of India has received several representations from various textile associations and industries demanding for delay in export contracts up to January, 2011, staggering of shipments through a monthly cap, withdrawal of export incentive of 1.5% etc. The Minister further stated that for cotton season…
Egytex News Desk
Source: www.fibre2fashion.com
The Government of India has received several representations from various textile associations and industries demanding for delay in export contracts up to January, 2011, staggering of shipments through a monthly cap, withdrawal of export incentive of 1.5% etc.
The Minister further stated that for cotton season 2010-11, Government has put in place a cotton security policy comprising of the following measures:
i) Registration of cotton export contracts would commence from October 1, 2010.
ii) Actual exports would commence from November 1, 2010.
iii) The exportable surplus is identified as 55 lakh bales
iv) There would be no registration after the exportable surplus is registered.
This information was given by the Minister of State for Textiles.
Source: www.fibre2fashion.com
From the Egytex news archive, first published on 11 November 2010. Figures and names are as reported at the time.
