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

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Kerem Durdag
Biovation II LLC

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Judy Frater
Somaiya Kala Vidya

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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