Home / Knowledge / News / Textiles / 'Govt must act to stem falling cotton textile exports'
'Govt must act to stem falling cotton textile exports'
18
Sep '15
India's falling exports has triggered major concern in The Cotton Textiles Export Promotion Council (Texprocil). India's exports declined in August 2015 for the ninth straight month by 20.66 per cent with overall exports reaching $26.80 billion as compared to $21.26 billion in August 2014, according to government data released this week.

Exports of Cotton textiles in August 2015 also registered a negative growth of 7.39 per cent as exports touched $863.18 as against $932.02 in August 2014. “This continuing decline in exports of cotton textiles is a matter of deep disappointment and concern requiring urgent action from the Government,” said R K Dalmia, Chairman of Texprocil.

He pointed out that even though Indian cotton textiles products were competitive in the world markets, preferential access being given to some of our competing nations like, Bangladesh, Cambodia, Pakistan, South Korea, Turkey and Vietnam by major importing countries like the EU besides discriminatory import duties on Indian textiles in important markets like China and Canada are severely affecting export

To provide a level playing field, Dalmia urged the Government to expedite the conclusion of FTAs with EU, Australia and Canada to remove trade barriers and gain market access to these leading countries. The Texprocil chief also urged the government to initiate dialogue with China and Turkey for reduction in the import duties imposed by these countries on Indian textiles.

Besides, the government should consider the Industry's demands to include cotton textiles under the 3 per cent Interest Rate Subvention Scheme, release of funds under the TUF Scheme, and recalibrating the product/country matrix under the newly introduced Merchandise Exports from India Scheme ( MEIS) scheme which have a direct bearing in improving India's competitiveness in the short to medium term. This will provide the necessary stimulus to stop the fall of exports of cotton textiles in the next 200 days, Dalmia said. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search