Textile industry looking for Manmohan’s interference

textile-industry-andhraA site at the cotton market in Khammam in Andhra Pradesh on October 13, 2010, the textile industry has required Prime Minister Manmohan Singh’s interference for making sure accessibility of cotton for family firms in the stir of government consent to export 55 lakh bales.

The textile industry has required Prime Minister Manmohan Singh’s interference for making certain accessibility of cotton for domestic firms bearing in mind that exporters registered 55 lakhs bales of cotton for exports within 10 days of the administration beginning the process.

The administration has allowed export of 55 lakhs bales (of 170 kg each) for the era ending December 15, 2010.

Registration of export contracts was in progress on October 1 even as the shipments are to commence from November 1.

Though, the total contracts have by now touched the limit of 55 lakh bales, encourage fears of cotton shortage in the nation. This shall direct to a cotton shortage in the country and mills shall be obligatory to get shut down or scale down production radically, Confederation of Indian Textile industries (CITI) chairman Shishir Jaipuria expressed in a letter to the Prime Minister.