INDIA LIFTS COTTON BAN, BUT TRADE FACES RED-TAPE PROBLEMS
May 1st, 2010
BY RAGHAVENDRA VERMA
INDIA has lifted its ban on the export of raw cotton, however sales abroad are bound with so much red tape, the resumption of trade could be very slow. "The ban is still on", said A Sakthivel, (NOTE - REFUSES TO GIVE FIRST NAME AND IT HAS NOT BEEN QUOTED ANYWHERE) president of the Tirupur Exporters' Association, an industry body that has opposed exports to depress local cotton prices. And indeed, while the complete ban was lifted on May 22 by the ministry of commerce and industry, exports will henceforth only be allowed with a ...
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