India to register all cotton export contracts

MUMBAI: Indian cotton exporters will have to register all export contracts with the Textile Commissioner before shipment, director general of foreign trade said in a notification late on Tuesday.

Earlier this month, government took measures to raise local supplies by scrapping import duty on cotton and removing exports incentive.

More measures, including quantitative restriction on exports or fresh duty, were being considered to boost supplies and curb exports, a senior government official had said last week.

Indian exports may jump 72 per cent to touch 10 million bales in the year ending September 2008, compared to a year ago, the official had said.