India: Indian Government decides to provide more time for cotton exporters
December 15 may bring respite to raw cotton exporters, who had been permitted to export 5.5 million bales of cotton. However, the information that Indian exporters have so far been able to export less than half of 5.5 million cotton bales, has come as a breather to the domestic textile sector.
Egytex News Desk
Source: www.fibre2fashion.com
As per the government’s decision, cotton exports from India had been permitted from 1st November and the entire volume of 5.5 million cotton bales had to be exported by 15th December. But, till now, around 2.5 million cotton bales have been shipped out of the country. The Government of India has to take the decision, at the ministerial level, whether it should give further time extension for cotton exports. This was revealed by Rita Menon, the Secretary in the textile ministry.
Ministers from various ministries such as finance, commerce, agriculture and textile are anticipated to meet, in order to decide on further time extension for exports of cotton
Source: www.fibre2fashion.com
From the Egytex news archive, first published on 15 December 2010. Figures and names are as reported at the time.
