Home / Knowledge / News / Textiles / 'Control cotton exports' – Sunil Jain, President of NITMA
'Control cotton exports' – Sunil Jain, President of NITMA
01
Oct '08
Northern India Textile Mills Association (NITMA) has requested the government to control exports of cotton and instead encourage exports of value added products.

Speaking exclusively to fibre2fashion, Mr Sunil Jain, President NITMA said “We are the second largest producer of cotton in the world and also with the governments help we are also number two in exports. We are requesting the government that to rather than encouraging exports of cotton fiber, we should increase value of the product in country itself.”

Since 60-70 percent of export orders are booked in US dollars, depreciation of rupee against dollar was expected to bring likely gains. But they have been negated due to higher input costs of cotton and interest rates.

Though cotton production is increasing in the country, exports of cotton are growing at an even faster pace. According to a data released by the International Cotton Advisory Committee production of cotton has grown from 4.13 million metric tons (mmt) in the cotton season 2004-05 and is expected to touch 5.46 MMT in the new cotton season of 2008-09.

But at the same time exports of raw cotton have also galloped from just 0.136 mmt in 2004-05 and are expected to reach 1.58 mmt in 2008-09. It has become a matter of concern for the industry looking at the high growth in exports which is ultimately leading to rise in prices of the raw material.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Apr 2017

Maharashtra govt working on second textiles policy

The textiles department of the government of Maharashtra is working...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Marcel Alberts
Eurofibers

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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:
April 2017

April 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



X