Indian government allows fresh cotton exports
30/04/2012
The government had been under pressure from the Nationalist Congress Party (NCP) to ease the ban on cotton exports. The directorate general of foreign trade (DGFT) had banned exports on March 5, but it was forced to partially permit registered consignments.
The group of ministers met under the chairmanship of finance minister Pranab Mukherji on 30 April, 2012, to review the cotton export situation. The panel considered the estimates of the cotton advisory board and the third estimate of the ministry of agriculture.
“After a comprehensive review it was decided that suspension of new registrations for cotton exports be revoked and exports be permitted,” a government statement said.
“It is true that some other members of the parliament had given their views that some cotton was still available. So we have, therefore, lifted the suspension of fresh registrations for exports and accordingly, the DGFT will take the necessary steps,” commerce, industry and textiles minister Anand Sharma told media.
Share this story:
