Home / Knowledge / News / Textiles / Mr Maran against subsidies on raw cotton export
Mr Maran against subsidies on raw cotton export
15
Oct '09
Batting for the textile sector, the Union Textiles Minister, Mr Dayanidhi Maran, urged the Prime Minister to not provide incentives for exports of raw cotton from the country.

He said, providing incentives to exporters of raw cotton would only work against the interests of the sector, as it would make them un-competitive in global markets.

The interests of the cotton growers had already been looked into, as the Minimum Support Price (MSP) had been increased by 25-40 percent, last year.

Providing subsidy on export on exports of raw cotton was akin to subsidizing textile sectors of other countries, at the cost of the industry in India.

Giving an example, he said, last year the cost of cotton for Indian cotton was lesser for those countries who had imported it, than for Indian manufacturers.

The incentive has come for review again at the commerce ministry, as the subsidy was implemented for a period of one year, in 2008.

He said resurgence was beginning to show in the sector since the last four months and an extension of the subsidy would prove detrimental for the industry at large.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Pexels

Fashion | On 23rd Jun 2018

Nigerian bank launches N1 bn fund for fashion entrepreneur

Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...

Courtesy: Tayal

Textiles | On 23rd Jun 2018

Tayal textile factory in Algeria starts exports to Turkey

Algeria’s largest textile factory, the joint Algerian-Turkish company ...

Courtesy: Manhattan Beachwear

Fashion | On 23rd Jun 2018

Manhattan Beachwear in global partnership with BCBG Group

Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Kevin Nelson
TissueGen

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Sanjukta Dutta
Sanjukta's Studio

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

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

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


June 2018

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

news category


Related Categories:

Advanced Search