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.
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.
Click here for details of the cotton exports from India during the last five years:
During the current years it is expected that 48 lakh bales of cotton will be exported, at approximate value of Rs. 3791.19 crore.
Press Information Bureau Government of India
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