Indian Home Textile Association asks the government to fulfill its cotton export contract

The Indian government has received a number of opinions from several textile associations and industries, requesting that the implementation date of the cotton export contract be postponed until January 2011. They stated that according to the monthly export quota, the export volume is very alarming, 1.5% of the export should be cancelled. Incentives.

A minister from India stated that the government has implemented cotton security policies for the 2010-11 cotton year, including the following measures:

1) Registered cotton export contract from October 1, 2010.

2) Actual export starts on November 1, 2010.

3) Determine exports of 5.5 million bales of excess cotton.

4) In addition to registering surplus cotton for export, no export contract will be registered.