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Article: Export benefits may not reach cotton producers: Industry body.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- February 26, 2009
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Export benefits may not reach cotton producers: Industry body
Mumbai, Feb 26 (PTI) -- The benefit of five per cent incentive on exports of cotton given effect retrospectively from April 1, 2008, would not reach the intended beneficiaries, a top industry official has said.
With the cotton season already over and most farmers having sold their produce, the aim of the government to provide relief to cotton producers would not be achieved, Textiles Export Promotion Council (TEXPROCIL) Chairman V S Velyutham said in a statement here.
Reacting to the Centre's decision to provide five per cent incentive for cotton exports and allow government agencies ...