India lifted a ban on cotton exports yesterday that it introduced only days ago after it was strongly criticised by China, the biggest buyer of the fibre, and its own farmers.
The U-turn of the world’s second-largest producer of cotton comes as New Delhi tries to balance its relationship with Beijing, the interests of its farmers and the concerns of its ailing textile industry.
“Keeping in view the facts, the interests of the farmers, interest of the industry, trade, a balanced view has been considered by the group of ministers to roll back the ban,” commerce minister Anand Sharma said yesterday.
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