Home / Knowledge / News / Textiles / India's yarn, fabrics, made-ups imports rise 20% in Dec
India's yarn, fabrics, made-ups imports rise 20% in Dec
24
Jan '18
India’s imports of yarn, fabrics and made-up articles during December last year rose by 20 per cent over the figure in the same month in 2016, according to the ministry of commerce and industry. Apparel exports, however, dropped 0.3 per cent in April-December 2017 and 8 per cent in December, which is being attributed by some to duty drawback rates revision.

However, total export of textile and apparel rose by 2 per cent between April and December 2017 over the first nine months of 2016-17, a leading south Indian English-language daily reported.

The Confederation of Indian Textile Industry (CITI) sees this as a matter of concern as export data of Bangladesh showed India imported garments worth $111.3 million during July-December 2017 from Bangladesh, which was 66 per cent higher as against the same period of the previous year.

Imports of knitted apparel from Bangladesh were worth $20.6 million in July-December 2016 and rose to $36.5 million between July-December last year.

Cotton prices and yarn prices are going up in the domestic market and the government has reduced the duty drawback rates. After the implementation of the goods and services tax, exporters do not know yet what refund will they get on duties paid on exports.

CITI feels there was a need to impose safeguards such as rules of origin, yarn forward and fabric forward rules on nations like Bangladesh and Sri Lanka that had free trade agreements with India and China.

“Garment manufacturers in India have to pay duty on imported fabrics, while Bangladesh can import fabric from China duty-free, convert it into garments, and sell to India duty-free,” CITI chairman Sanjay Jain said in a statement. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Kenya to use Sh6 bn Indian loan to upgrade Rivatex

Textiles | On 19th Jul 2018

Kenya to use Sh6 bn Indian loan to upgrade Rivatex

Kenya will use a Sh6 billion loan from India’s Exim Bank to expand...

Vietnam's textile-garment export turnover $16 bn in H1 '18

Apparel/Garments | On 19th Jul 2018

Vietnam's textile-garment export turnover $16 bn in H1 '18

Vietnam is among the world's five biggest textile exporters and...

Pak govt urged to restore associations' role in DDT claims

Apparel/Garments | On 19th Jul 2018

Pak govt urged to restore associations' role in DDT claims

Pakistani value-added textile industry recently urged the caretaker...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Shivani Swamy

The Livinguard Technology is owned by Green Impact Holding AG based in...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kevin Nelson
TissueGen

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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


July 2018

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

news category


Related Categories:

Advanced Search