Hyderabad, Aug 25 (PTI) The Centre has removed restrictions on cotton exports, a step that is expected to push up price of the commodity in the domestic market, Union Minister for Commerce, Industry and Textiles Anand Sharma said today.Sharma informed Andhra Pradesh Chief Minister N Kiran Kumar Reddy that cotton exports have now been placed under the Open General Licence without any quantitative limits.Notification to this effect has been issued by the Directorate General of Foreign Trade, Sharma said.The Union Minister said with the removal of export curbs, the price of cotton would increase in the coming days.The Centre’s decision was based on the Chief Minister’s request for permission to export an additional quantity of 15 lakh bales of cotton to ensure remunerative price for local farmers, a release from the Chief Minister’s Office said here.
