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Abolition of registration to boost cotton yarn exports

Date 25-December-2014
Subject Abolition of registration to boost cotton yarn exports

New Delhi : In order to boost exports of cotton yarn, the Centre plans to abolish the mandatory registration of cotton yarn shipments as the move would make exports more competitive and reduce transaction costs, sources said.

“Many exporters had pointed out the difficulty in abiding with this procedure. There is always a variation in weight of cotton yarn exported," said Mr R.K. Dalmia, Chairman of Cotton Textiles Export Promotion Council (Texprocil).

Source : dailyshippingtimes.com

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