INDIA: Indian cotton exports up 66 percent in February
In February, Indian cotton exporters registered export contracts for 449,800 bales of raw cotton, up 66% from Jan, Gov data showed Friday.
On Feb 17, India Gov announced a 5% duty incentive on export of raw cotton by including the fiber commodity in the Vishesh Krishi and Gram Udyog Yojana. "The raw cotton shall be entitled for duty credit scrip on exports made with effect from April 1, 2008," the DGFT (directorate general of foreign trade) said in a notice. The benefit is available on exports made till June 30.
Added: March 9, 2009 Source: Agencies