Home / Knowledge / News / Textiles / Surge in Indian cotton yarn imports poses threat: APTMA
Surge in Indian cotton yarn imports poses threat: APTMA
09
Jan '15
An abnormal rise in imports of cotton yarn from India is posing a threat to the viability of domestic textile industry, All Pakistan Textile Mills Association (APTMA) has said.
 
According to APTMA, an average of 2,500 tonnes of cotton yarn, mainly fine counts used in production of around 140 products, was imported by Pakistan in July-November 2014-15, which shows a 100 per cent increase in imports of Indian cotton yarn.
 
Citing import data, APTMA chairman SM Tanveer said the import of cotton yarn from India increased to 26,000 tonnes in fiscal year 2013-14, compared to import of 17,000 tonnes in 2012-13.
 
Stating that the surge in import of Indian cotton yarn is hurting the domestic textile industry, Tanveer urged the ministry of commerce to immediately take remedial measures by exercising public interest clauses of 7(b) of the Safeguard Measures Ordinance, 2002.
 
Tanveer said the Indian Government extends incentives to yarn exporters in the form of rebate and discount on interest payment for attracting new investments. In addition, some state governments also provide subsidy in electricity charges to spinning mills.
 
On the other hand, India imposes 10 per cent customs duty on import of yarn, besides 12 per cent countervailing duty (CVD) and 4 per cent special CVD, bringing the cumulative impact to nearly 30 per cent. In comparison, Pakistan imposes only a nominal import duty of 5 per cent on cotton yarn import, which makes the country an ideal market for dumping, said Tanveer.
 
Meanwhile, Pakistan’s cotton yarn exports fell by 9.31 per cent to $818.397 million in July-November 2014-15, as against exports of $902.409 million made during the same period of previous fiscal year. (RKS)
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Ritu Kumar
Label Ritu Kumar

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

Igor Chapurin
Chapurin

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search