Ref: 336/Cotton/10

May 20, 2010

All Press Correspondents

Dear Sirs,

Maintain Status Quo In cotton exports ban: TEA Appeals

In a press release issued today, Shri.A.Sakthivel, President said he has made a representation to the Thiru. Dayanidhi Maran, Hon’ble Union Minister of Textiles requesting him to use his good offices to stop the move for lifting of the cotton exports ban.

The copies of the representation were also sent to Smt.Rita Menon, I.A.S., Secretary, and Shri. Shri V. Srinivas, I.A.S., Joint Secretary (Exports), Ministry of Textiles.   

The copy of representation is enclosed.

TEA

Ref.:335/Cotton /10

May 20, 2010

Thiru. Dayanidhi Maran,                               

Hon’ble Union Minister of Textiles

Ministry of Textiles,

Government of India

Udyog Bhavan ,

New Delhi-110011

Respected Sir,

We are happy to note that the Hon’ble Minister has been taking various measures, like removal of DEPB, Duty Drawback Rate benefits available for cotton yarn exports and suspension of cotton exports for reduction of cotton prices. The textile industry has largely benefited in the past one year and focusing its full attention for the development in domestic as well as in the international market.  

We have now learned from the reliable sources that the cotton exporters have been vigorously trying to lift the cotton exports ban and this news has created a panic among the whole textile industry, from spinning sector to garment sector. The creation of such alarming situation is totally uncalled-for.

Our apprehension is that once if the Government decides to lift the cotton export ban and permit the cotton export, then the decision will be a disastrous one to the whole textile industry. It is not out of place to mention that all spinning mills will come to a stand-still and eventually, all downstream sectors, especially garment sector will get affected abnormally.  Moreover, the garment export sector will not be in a position to sustain in the global market.   

Considering the consequences, we request the Hon’ble Minister to kindly intervene and use your good offices to stop the concerned move to lift the Cotton export ban and make ensure that the sufficient quantity of cotton stock is available in the domestic market.  

Thanking you

Yours faithfully

 Sd/-

A.Sakthivel

President