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Cotton exports possible in case of surplus: Sharma

Notwithstanding lifting of ban on cotton exports, Commerce Industry and Textiles Minister Anand Sharma today said India will not be able to ship the natural fibre abroad unless it has surplus. "We will be in a position to export (cotton), when we have that surplus again," he said at an IMF-ICRIER event here. On March 5, the Commerce Ministry had imposed the ban on cotton exports on evidence of hoarding in warehouses abroad and shortage in the domestic market. Following intense pressure from political parties, it had to lift the prohibition in a week's time. But the government ...