Commerce Minister Anand Sharma today defended the government's decision to ban cotton exports and said he will personally speak to Agriculture Minister Sharad Pawar to explain the issue.
Pawar had yesterday raised strong objection to cotton export ban and said that he was kept in dark on the issue.
"We could not countenance a situation where the country which is a major cotton producer is forced to import at much higher prices to meet the domestic demand of the industry. That is why, it was a judicious and considered view taken," Sharma, who is here for a two-day visit, told reporters.
Sharma, who also has textiles portfolio, said he was not able to contact Pawar, who was traveling abroad, but had directed the Textiles and Commerce Secretaries to brief the Agriculture Minister about the ban.
"I had left a note on Saturday night for Mr Pawar since I was not successful to speak to him over the phone. We are one government, we all are ministers in the same government," he said adding that Finance Minister Pranab Mukherjee, who heads group of ministers, has been fully apprised of.
Sharma said: "the GoM will meet soon upon my return [on March 9]. I will be speaking to the Agriculture Minister in person...The Prime Minister has been kept fully informed of all these developments".
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
