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Tears
in store for poor cotton cultivators
An apparently inflated cotton crop estimate of 213 lakh bales of
170 kg each for the 2004-05 season given out by the Cotton Advisory
Board at its recent meeting on September 21, 2004, is likely to
bring tears in the eyes of innumerable cultivators in the country,
though the industry may rejoice over the resultant collapse in prices.
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DEPB debacle
The sharp reduction in DEPB rates on textiles
has created a significant doubt in industry’s mind about government’s
policy intention to help it prepare for the global challenges in the post-MFA
regime.
Home textiles: A key driver for
textile exports
After more than 40 years of import quotas, the textile and clothing sector
will become subject to the general rules of General Agreement on Tariffs
and Trade (GATT) from January 1, 2005.
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