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NEWS: Govt to allow export of only surplus cotton.
from BUSINESS LINE, August 29, 2010 Chennai, Aug. 28 - The domestic textiles industry shall have the fullest use of the country's cotton crop, and only surplus cotton will be allowed to be exported, the Union Commerce Secretary, Dr Rahul Khullar, said on Saturday.
At a press conference here, held after an Open House meeting organised by the Federation of Indian Export Organisations (FIEO) and the Federation of Indian Chambers of Commerce and Industry (FICCI), Dr Khullar said that the Ministry had to balance the interests of both farmers and the industry.
The spinning (textile) industry has been asking for a ban on cotton exports so that the raw material is made …
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