Home / Knowledge / News / Textiles / Apparel sector derides unrestricted export of cotton and yarn
Apparel sector derides unrestricted export of cotton and yarn
21
Oct '09
The apparel industry is deriding the unrestricted shipments of raw cotton and cotton yarn from the country, which is pushing the prices of these products higher, ultimately leading to an increase in costs for the apparel manufacturers.

Experts from the industry are of the opinion that unrestricted export of cotton yarn would have a serious effect on the exports of the value added apparels making it difficult to achieve the ambitious export target.

They add by saying that, the irony is that the cotton yarn is being exported to competing countries, which is tantamount to subsidizing them and who will also compete in the finished products overseas market, with Pakistan.

They say that, the value added apparel sector is converting raw cotton available at 67 cents per pound into value added finished goods worth US $5-6 per unit; thereby, earning additional valuable foreign exchange for the country.

According to statistical data, exports of raw cotton, cotton yarn and fabrics have increased considerably in recent times. In fiscal 2007-08, raw cotton exports were up 40 percent, up 25 percent in fiscal 2008-09 and overall grew by 20 percent from 2006 to 2009.

In May 2009, exports of raw cotton recorded a growth of 31 percent over the previous month, while in June; it registered an increase of 117 percent over May. In the case of cotton yarn, exports rose by 4 percent in May over April and by 14 percent in June over May 2009.

Exports from value added sectors, on the other hand have witnessed a declining trend in the last fiscal year 2008-09. Knitwear fell by 8 percent, bedwear 10 percent and clothing declined by 4 percent, while exports of cotton and yarn increased by 25 and 15 percent, respectively.

The main impact of export of raw cotton and yarn has been on the prices. Prices of different qualities of combed and carded cotton yarn have increased tremendously in the last few months and have risen between 24 to 33 percent in the last three months.

Due to the rise in prices of raw materials, production cost garments has surged by 10 percent, which has reduced the competitiveness of the Pakistani apparel exporters. Experts say that it has become a matter of survival since, as it is they work on 5-6 percent margins.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

Digital technology to accelerate Indian business growth

Indian business will benefit much by going digital, according to a...

Textiles | On 27th Mar 2017

Raymond to buy 98,000 metres khadi fabric from KVIC

Raymond, leading Indian fashion retailer, has ordered 98,000 metres...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Eric Scholler
Groz-Beckert

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

Ashok Desai
Bombay Textile Research Association

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search