Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2011-08-01

Cotton export ban lifted

Due to steep fall in price and over production

Cotton export ban lifted

The government has allowed unrestricted exports of the fibre for the remainder of the current season due to fall in price and over availability.

"Now, exporters only have to register with the Directorate General of Foreign Trade (DGFT)," the Union Commerce Secretary, Rahul Khullar said.

The cotton season is between October and September. Cotton exports for the remaining two months (August and September) have now been put under OGL.

The state-run Cotton Advisory Board had revised the estimates of output upwards by 4.2 percent to 32.5 million bales.    

The board also had sharply revised end-September cotton stocks estimate to 5.25 million bales for 2010/11, from an earlier 2.75 million bales.

With Agriculture Minister, Sharad Pawar consistently urging for allowing more cotton exports, the issue was reviewed at a meeting of secretaries in the Ministries of Commerce, Textiles and Agriculture, convened by Commerce Minister Anand Sharma on Saturday.

In October last year, the government had capped cotton exports at 5.5 million bales (170 kg a bale) to protect the domestic textile industry in the wake of rising raw material prices. Additional 1 million bales were allowed in June, after prices had corrected sharply.

Related opportunities
  • Pest Control
    ·         Pestlogic India specializes in pest control..
    Locations looking for expansion Haryana
    Establishment year 2008
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Preschools
    About Us: Innocent Times are running a preschool from Pg to..
    Locations looking for expansion Maharashtra
    Establishment year 2008
    Franchising Launch Date 2020
    Investment size Rs. 30lac - 50lac
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Haveli Maharashtra
  • Career Counselling & Brain Programming
    About Us: MindMap Consulting was founded with a value system focused..
    Locations looking for expansion Andhra pradesh
    Establishment year 2011
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Hyderabad Andhra pradesh
  • Others Health Care & Fitness
    MedicalFlight is a rising Air Ambulance service brand offering 24/7..
    Locations looking for expansion Maharashtra
    Establishment year 2020
    Franchising Launch Date 2020
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
ads ads ads ads