Cotton exports will not exceed 55 lakh bales: Maran

NEW DELHI - Union Textiles Minister Thiru Dayanidhi Maran on Saturday indicated that not a single bale over the 55 lakh bales already approved for exports would be allowed to be exported.

Maran said this while laying the foundation stone for Erode Powerloom Mega Cluster in Erode, Tamil Nadu.

Pointing out that the exorbitantly increasing cotton prices are harming the domestic textile industry as a whole, he assured that the Textiles Ministry would make all out efforts to protect the domestic industry.

Maran today laid the foundation stone for a massive textile marketing complex under the comprehensive Powerloom Cluster scheme administered by the Textiles Ministry.

For this mega cluster the Union Government has sanctioned Rs.70 crore as subsidy. (ANI)