Piyush Goyal meets industry stakeholders amid call for cotton export ban

This comes amid speculation that the government may ban export of both commodities as a temporary measure to calm down the prices

With cotton and yarn prices on the rise, textiles minister Piyush Goyal met all industry stakeholders on Tuesday.

The minister said that import of cotton will be permitted duty free till the bill of lading is dated September 30 this year and not based on the bill of entry at Indian Ports. The government will also form a cotton council that will study all the matters relating to cotton and will start functioning with the membership of all stakeholders and will provide its report to the government on the measures to be initiated immediately. The minister also announced formation