Related Keywords: Central government of India, Confederation of Indian Textile Industry, cotton yarn, demand for exports, DGFT, export of cotton, exporter, globally cotton prices, minimum support price, Secretary-General, targeted export volume
The Centre government of India has done away with the registration requirement for exports of cotton and its yarn, the exporters now need not register with the Director-General of Foreign Trade before making the shipment. The government said on Monday in two separate notifications.
Earlier, traders were required to register their targeted export volume in advance for the entire year. With the change in rules, it is likely to speed up shipments, particularly when overseas demand for cotton and yarn has dropped sharply.
