India Proposes New Cotton Tracking Methods

A Lastest News about Cotton in India

Posted on: 27 Apr 2012

On April 4, 2012, the Government of India (GOI) published a draft Cotton Trade (Development and Regulation) Bill 2012 inviting comments from various stakeholders in the cotton industry.

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Voluntary Public - Date: 4/18/2012 GAIN Report Number: IN2057 India Post: New Delhi India Proposes New Cotton Tracking Methods Report Categories: Cotton and Products Agriculture in the News Policy and Program Announcements Approved By: David Williams Prepared By: Dhruv Sood Report Highlights: On April 4, 2012, the Government of India (GOI) published a draft Cotton Trade (Development and Regulation) Bill 2012 inviting comments from various stakeholders in the cotton industry. The draft bill aims to establish a framework to collect statistical data on cotton production and stocks in possession of various stake holders in the cotton supply chain. General Information: On April 4, 2012, the Government of India (GOI) published a draft Cotton Trade (Development and Regulation) Bill 2012 inviting comments from various stakeholders in the cotton industry. The draft bill aims to establish a framework to collect statistical data on cotton production and stock of cotton in possession of various stake holders in the cotton supply chain. The GOI currently has no statutory framework in place to ensure collection of reliable and accurate date for cotton. As per the draft bill, the Cotton Advisory Board (CAB), which is responsible for formulating the cotton balance sheet, has found it difficult to assess the production and consumption of raw cotton in the country due to inconsistent data. Some of the recommendations by the Ministry of Textiles listed below: The Ministry of Textiles in the draft bill has recommended marking of bales by adopting a permanent bale identification system using electronic or magnetic tags. The tags would be installed on pressed cotton bales at ginning and pressing factories tracking the bales till cotton yarn production stage at textile mills. The bill also recommends the maintenance of registers at cotton pressing and ginning factories with monthly reporting to the Textile Commissioner regarding production. Similar reporting requirements from traders and textile mills have been proposed to ensure tracking of the movement of bales. There are proposed penalties for non-compliance in an effort to ensure timely collection and reporting of data. Disclaimer: This summary is based on a cursory review of the subject announcement and therefore should not be viewed under any circumstance, as a definitive reading of the regulation in question, or of its implications for U.S. agricultural export trade interests. Type of Regulation: Draft Bill Public Notice Date: April 04, 2012 Notification Text as published: The full text of this press release can be accessed on the Ministry of Textiles, Government of India website - (The Cotton Trade Development and Regulation Bill 2012). Products Affected: Cotton and cotton based products Agency in Charge: Department of Commerce, Ministry of Commerce & Industry and Ministry of Textiles, Government of India
Posted: 27 April 2012

See more from Cotton in India

Expert Views    
Cotton and Products Annual   By Foreign Agricultural Service
Cotton Market Update   By Foreign Agricultural Service
India Modifies Cotton Export Ban   By Foreign Agricultural Service
Cotton Market Update   By Foreign Agricultural Service
Latest News    
India Bans Cotton Exports   By Foreign Agricultural Service