The Government of India has received several representations from various textile associations and industries demanding for delay in export contracts upto January, 2011, staggering of shipments through a monthly cap, withdrawal of export incentive of 1.5% etc.
The Minister further stated that for cotton season 2010-11, Government has put in place a cotton security policy comprising of the following measures:
i) Registration of cotton export contracts would commence from October 1, 2010. ii) Actual exports would commence from November 1, 2010. iii) The exportable surplus is identified as 55 lakh bales iv) There would be no registration after the exportable surplus is registered.
This information was given by the Minister of State for Textiles, Smt. Panabaaka Lakshmi in a written reply in the Rajya Sabha to a question raised by Shri Govindrao Adik and Shri Sanjay Raut.
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