Details of Cotton/Yarn Export

            In the current cotton season 2010-11 cotton production has been projected at 325 lakh bales by the Cotton Advisory Board in their meeting held on 25.7.2011.  Cotton export has been placed under OGL with effect from 2^nd August, 2011 without any quantitative limit  subject to registration with the DGFT.

Government of India has taken the following measures, to protect the interests of the domestic textile producers / weavers of the domestic industry:

·           Duty drawback on cotton yarn was withdrawn w.e.f. 29.4.2010.

·           Strict monitoring of hank yarn obligation from 1.4.2010.

·           Cotton Yarn Advisory Board was constituted to monitor the domestic supply, consumption and export of cotton yarn.

·           Cotton Yarn Export has been placed under Open General Licence (OGL) with effect from 1^st April, 2011 subject to registration of export contracts with Director General of Foreign Trade (DGFT).

        The number of spindles in the country is 47.57 million and the number of Rotors is 7.49 lacs. (Source – Textile Commissioner):

        India is a yarn surplus country, with domestic production exceeding domestic consumption.   Details of Import and export of cotton yarn are as follows:

                                             (Mn. Kg)

Item	2007-08	2008-09	2009-10 (Prov.)	2010-11 (Prov.) (Apr.-Oct)
Import	7.14	4.89	5.35	2.74
Export	664.14	555.77	589.02	438.04