Home / Knowledge / News / Textiles / Restriction on elastomerics to shrink export prospective
Restriction on elastomerics to shrink export prospective
09
Dec '08
The Director General of Foreign Trade (DGFT), on November 24, issued a notification placing restriction on import of Elastomerics. This decision is surely going to hurt the textile industry adversely as it has applications in a number of areas.

Elastomeric, popularly known as Spandex or Lycra, is not produced in India and thus textile and apparel manufacturers depend heavily on imports. Available statistics show that with in the period from April and June this year, India imported 254,033 kg of Elastomeric, worth Rs1 billion.

Mr Ravi Kumar, Deputy Director of Synthetic & Rayon Textiles Export Promotion Council (SRTEPC), while speaking to Fibre2fashion.com, said, “Every one is asking the same question, 'why such restriction', as in very few companies are importing this product. Now importers will have to apply for license to import Elastomeric and that is a troublesome procedure.”

It is now expected that due to lack of spandex, there would be delay in delivery of export orders as it is used to manufacture stretchable fabrics for both domestic and export purposes.

Mr Ravi Kumar lastly stated that hopefully Government will remove the restriction in few months. Usually restriction is not kept on products which are not manufactured in country.

National synthetics, an importer of elastomeric yarn, and extensive user of the same, fears that this restriction would have an adverse effect on its trade.

Mr Gautam Gupta, Partner of the manufacturing firm, stressed, “This was an unnecessary step. Government cannot put a ban on products those are not manufactured in the country. We are importing Elastomeric from Korea, China, Singapore, and Thailand.”

Each month India imports approximately 300 to 400 ton of elastomerics, to which National synthetics' share is around 30 to 40 ton.

“Spandex is used to manufacture apparel with elastic properties mainly for sportswear and casual wear. These apparels are exported to various countries. Due to this decision our country will lose export orders. These orders will be taken way by Bangladesh and Srilankan exporters”, lamented Mr Gupta.

Spandex yarn comes in two types, Bare Spandex yarn and Composite Spandex yarn. Manufacturers from India import bare spandex. If restriction would have been on composite spandex yarn, effects on manufacturers would be almost nil.

“In blended fabric, composition of Spandex yarn is mere 2 to 5 percent and rest cotton is used. Manufacturer's requirement is of approximate 2 to 3 boxes only and this kind of yarns have a very short life span, so we cannot even store this product”, expressed Mr Gupta.

Due to sudden restriction on Elastomeric product manufacturers are going to face difficulty. Now they will not be able to handle export orders smoothly.

Fibre2fashion News Desk - India


Must ReadView All

US FTC updates textile rules to drop obsolete requirement

Textiles | On 23rd Jan 2018

US FTC updates textile rules to drop obsolete requirement

The US Federal Trade Commission has eliminated an obsolete provision...

Indian textile industry at inflection point: Report

Textiles | On 23rd Jan 2018

Indian textile industry at inflection point: Report

The textile and apparel sector of India is at an inflection point...

Ghana to set up equipment hub for apparel sector

Apparel/Garments | On 23rd Jan 2018

Ghana to set up equipment hub for apparel sector

As part of efforts to seek ways to improve market access for Ghana’s...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eamonn Tighe
Nature Works LLC

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

January 2018

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
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

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
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

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
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

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
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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