Export of cotton continues to increase

As per the prevalent policy of the Government, cotton exports from the country is allowed under Open General License (OGL) with zero duty. Further, with a view to encourage cotton export from the country, from cotton season 2005-06, the Government has been giving incentive of 1% under the Duty drawback. This was stated by the Minister of State for Textiles, Shri E.V.K.S. Elangovan in a reply to a question by Shri girdhari Lal Bhargava and Smt. Kiran Maheshwari in Lok Sabha today.

He further stated that export of cotton has registered a sharp increase in cotton season 2005-06 when the country exported a record quantity of 47 lakh bales as against 9.14 bales during 2004-05. During the current year 2006-07, the cotton exports are expected to maintain the same pace. The Cotton Advisory Board has estimated cotton exports during 2006-07 at 48 lakh bales.

Source : Press Information Bureau

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