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India defers decision on duty increase on cotton exports

Source : REUTERS
Last Updated: Thu, Sep 12, 2013 13:50 hrs

NEW DELHI, Sept 12 (Reuters) - India has deferred a decision on imposing a 10 percent duty on cotton exports, Information and Broadcasting Minister Manish Tiwari told reporters after a cabinet meeting on Thursday.

Government sources and industry officials earlier said India could impose a 10 percent duty on cotton exports as early as Thursday aiming to boost overseas sales of value-added textiles to take advantage of a weak rupee and reduce the current account deficit. (Reporting by Nigam Prusty; editing by Mayank Bhardwaj)




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