Bangalore, Mar 7: Prime Minister of India, Manmohan Singh directed that the Group of Minister (GoM) should review the decision to ban cotton exports on March 9. The Prime Minister's Office (PMO) from its Twitter account tweeted on Wednesday, Mar 7 while informing people about the latest move of the PM over the cotton ban.
The decision, according to the tweet, has been taken following a meeting between Manmohan Singh and a delegation of Gujarat Pradesh Congress Committee and General Secretaries in-charge of Gujarat and Maharashtra. However, many started speculating that the PM acted fast on the issue after receiving a letter from Narendra Modi.
Earlier, Gujarat Chief Minister Narendra Modi had sent a letter to the PM asking for immediate removal of the arbitrary ban on cotton exports. Mr Modi on Monday, Mar 5 tweeted from his personal Twitter account saying, "Wrote a letter to PM asking for immediate removal of the arbitrary ban on cotton exports imposed today."
"In the past, such policies led to huge losses to Guj cotton farmers. Centre should stop playing with the economic interests of our farmers," added the Gujarat CM while tweeting.
Earlier, Directorate General of Foreign Trade (DGFT) on Monday banned cotton export with immediate effect. The DGFT while declaring their decision stated, "Export of cotton has been prohibited till further orders." Here it can be mentioned that India is the world's second largest producer and exporter of cotton.