Wednesday, May 05, 2010
KARACHI: The Indian government has not only banned the export of cotton but also imposed Rs2,500 per ton export surcharge on the export of Indian cotton to save their local textile industry. This ban has seriously affected Pakistani importers of cotton from India, who had booked about 200,000 bales, says a press release issued here Monday.
Federal Adviser on Textile Dr Mirza Ikhtiar Baig today talked to the Pakistani High Commissioner in India, Shahid Malik, and requested to take up this matter with the Indian authorities to allow shipment of cotton for which sales contracts have been already executed. The Indian government has asked exporters to re-register their valid contracts to allow export of cotton on monthly pro data basis.Dr Baig requested the Pakistan high commissioner to arrange to expedite the process of re-validation of contract as there is a serious shortage of cotton for the textile industry in Pakistan.
News printed in http://www.thenews.com.pk/
Tags: exports in textile india, improvement of textile exports, Indian textile news, Textile Industry of India, textile ministery, textile ministery of India, Textile sector of India, textile updates