Home / Knowledge / News / Textiles / Textile units up in arms against zero duty on imports
Textile units up in arms against zero duty on imports
25
Jun '09
Mr Uhuru Kenyatta, Finance Minister
Mr Uhuru Kenyatta, Finance Minister
The Finance Minster of Kenya, Mr Kenyatta in his budget speech had announced a waiver on customs duty on imports of yarn and second hand clothes, the decision against which the textile units are up in arms.

The textile mills say that this decision will result in closures of the already in a bad condition textile mills and could put in jeopardy the livelihood of more than 6,200 textile mill workers.

The Kenya Association of Manufacturers (KAM) has alleged that decision will have a negative impact on the already tottering sector and is not conducive to developing the value chain in the textile sector.

While announcing the 2009/2010 budget, the minister had reduced import duty on all synthetic yarns, acrylic yarn, polyester yarn and high velocity yarn from the current rate of 10 per cent to zero per cent.

On second hand clothes he reduced it from the current rate of 30 US cents a kilo or 45 per cent whichever is higher to 20 US cents a kilo or 35 per cent whichever is higher, in order to make clothing affordable to the poor.


Fibre2fashion News Desk - India


Must ReadView All

Top 15 US fashion brands are collectively worth $70 bn

Fashion | On 22nd Jul 2018

Top 15 US fashion brands are collectively worth $70 bn

The top 15 American fashion brands are collectively worth close to...

Courtesy: Covestro

Textiles | On 22nd Jul 2018

Covestro's new products for waterproof textile coating

Covestro, which is among the largest polymer companies, has unveiled...

Evogene, IMAmt to work together in insect resistance

Textiles | On 22nd Jul 2018

Evogene, IMAmt to work together in insect resistance

Evogene, a leading biotechnology company developing novel products...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Top executives
Textile industry

It will take some time for the people to change their buying choices

Abhishek Pachauri

Reckon Industries is into manufacturing of textile process house machines, ...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

Leave your Comments


July 2018

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

news category


Related Categories:

Advanced Search