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

Indian govt relaxes cabotage rule for cotton transport

Textiles | On 25th May 2018

Indian govt relaxes cabotage rule for cotton transport

The Government of India has relaxed cabotage rules for transportation ...

Courtesy: Teejay Lanka

Textiles | On 25th May 2018

Teejay Lanka doubles production capacity at Indian mill

Teejay Lanka, one of Sri Lanka’s largest textile manufacturers, has...

Courtesy: Messe Frankfurt/Yarn Expo Autumn edition

Textiles | On 25th May 2018

Yarn Expo Autumn 2018 scheduled earlier

Over 500 exhibitors are expected at the Yarn Expo Autumn 2018, being...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Bani Batra

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

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search