Govt. allows cotton exports upto 55 lakh bales in 2010-11

The Government today said it had allowed the export of cotton upto 55 lakh bales from 1 October, 2010 during 2010-11.

"The approximate quantity of exportable surplus of cotton was arrived at after detailed discussions with the officials from the Department of Textiles, Agriculture and Directorate General of Foreign Trade (DGFT) here last evening," Commerce Secretary Rahul Khullar said.

He said the approximate cotton production in the country during 2010-11was likely to be 325 lakh bales. The office of the Textile Commissioner shall put in place a system for online registration for export of cotton by 15 September 2010, he said.

Mr Khullar said a review meeting with the concerned Departments was scheduled for 15 November 2010 to take further steps, as necessary, as regards the cotton export.

"The decisions have been taken to protect the interests of the farmers and meet the requirements of the exporting community," he added.

NNN