Related Keywords: cotton yarn, export incentive, Indian exporter
Incentives for raw cotton and yarn exports that were withdrawn in September have been restored back. The Directorate General of Foreign Trade (DGFT), a unit of the trade ministry, gave no reason for restoring export benefits for yarn, a value-added product used by textile mills.
India, the world's second-biggest raw cotton export, has restored an incentive scheme for cotton yarn exports, an official order said on Thursday.
Traders has projected that India will ship around 8-9 million bales of raw cotton in the crop year to September, down from 10.1 million bales in 2012/13.
