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G. Gurumurthy

Coimbatore, June 26

The Coimbatore Cotton Association (CCA) has urged the Centre to cap raw cotton exports at 20 per cent of annual production.

The association, which passed a resolution to this effect in its annual general meeting held recently, has said a regulation on cotton export is needed to maintain steady supply of cotton for the domestic textile industry and to ensure its competitiveness.

It has also called upon the Union Finance Ministry to remove the 10 per cent customs duty on cotton imports, and also do away with the one per cent export incentive given for cotton exporters. These measures would help remove disparity between import and export of cotton.

The association has also urged the Union Government to standardise the cotton testing mechanism throughout the country by encouraging the universally accepted high value instrument (HVI) testing. The standardisation of quality parameters would help the competitiveness of marketing of India’s cotton in both domestic and international markets.

Earlier, Mr Kamlesh Raheja has been elected President of CCA at the 36th AGM of the association, and the other office bearers elected are Mr Sharad K. Shah (Vice-President) and Mr Arun Kumar Sharma (Secretary).

Speaking on the occasion, the outgoing president of the CCA, Mr Ashok D. Daga, pointed out that the coming cotton season might see more or less the same crop area of 95.5 lakhs, but due to the Bt cotton acreage increase, the cotton output might see a rise, subject to factors such as monsoon.

He also felt that in view of overall surge in foodgrains prices, cotton may also face resistance from grain crops. Even as there is scope to improve the yield of cotton, the prevailing shortage of labour being faced by the growers, ginners and other cotton value chain will result in increased cost of production, he added.

More Stories on : Exports & Imports | Cotton | Tamil Nadu

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