The government has lifted export restrictions on cotton and allowed it to be shipped under Open General Licences for the rest of the cotton season. Talking to reporters in New Delhi, Commerce Secretary Rahul Khullar said that the government has lifted the export restrictions as there is adequate stock of cotton in the country. He added that expoters are free to export any quantity for the remaining two months of the season after registering themselves with the Directorate General of Foreign Trade.Our correspondent reports that the government had placed a cap on cotton exports at 55 lakh bales in October last year to check spiralling prices and ensure availability of the raw material for the domestic textiles industry. According to Cotton Advisory Board, over fifty lakh surplus bales will be available at the end of the current season due to low industry demand.