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At present there is no restriction on export of cotton. Even the requirement of registration of contracts has been removed vide Notification No. 102 (RE-2013)/2009-14 dated 08.12.2014. As such, the foreign countries are free to procure cotton from India as per their needs.
So far as the border countries are concerned, China, Bangladesh and Pakistan are among the top 5 importers of Cotton from India. Other countries sharing border with India import negligible quantities from India. Country-wise details for exports during the past three years (top 5 destinations) are as under:
Value in US$ Mill | |||
Country | 2012-13 | 2013-14 | 2014-15 (Apr-Feb) |
China | 2,237.38 | 1,912.95 | 696.50 |
Bangladesh | 610.06 | 698.88 | 510.26 |
Vietnam | 166.51 | 220.34 | 214.46 |
Pakistan | 392.78 | 343.35 | 79.15 |
Taiwan | 42.91 | 43.80 | 39.59 |
Others | 298.06 | 418.41 | 167.63 |
Total | 3,747.70 | 3,637.73 | 1,707.59 |
Source: DGCIS | |||
This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Rajya Sabha today.
No export restrictions on cotton permit foreign buyers to procure from India freely, with contract registration removed. There is no restriction on export of cotton and the requirement for registration of export contracts has been removed by Notification No. 102 (RE-2013)/2009-14 dated 08.12.2014, permitting foreign purchasers to procure cotton from India without contract-registration formalities; reported export data identify China, Bangladesh, Vietnam, Pakistan and Taiwan as principal destination markets.Press 'Enter' after typing page number.