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

Apparel/Garments | On 23rd Aug 2017

BRC welcomes clarity on goods flow during Brexit

British Retail Consortium (BRC) has welcomed the greater clarity that ...

Textiles | On 23rd Aug 2017

Kraig delivers first dragon silk fibre to medical firm

Kraig Biocraft Laboratories, Inc. a leading developer of genetically...

Information Technology | On 23rd Aug 2017

ThreadSol to organise Apparel Tech-Up in Bangladesh

ThreadSol, the pioneer in enterprise material management for sewn...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Kevin Nelson
TissueGen

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Urs Stalder
Sanitized AG

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Bani Batra

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

Sidharth Sinha
Sidharth Sinha

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

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

August 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


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