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

GMAC urges Cambodia to push fabric-forward rule in RCEP

Apparel/Garments | On 17th Oct 2017

GMAC urges Cambodia to push fabric-forward rule in RCEP

Representatives from the Garment Manufacturers Association of...

Alibaba to invest $15 billion in DAMO Academy for research

Textiles | On 17th Oct 2017

Alibaba to invest $15 billion in DAMO Academy for research

Alibaba will invest $15 billion over the next several years in its...

Pressure on  Indian textiles exporters to ease by Q3: ICRA

Textiles | On 17th Oct 2017

Pressure on Indian textiles exporters to ease by Q3: ICRA

Pressures on the profit and debt levels of textiles exporters is...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Ravindra Jain, Ashish Baid

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

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mohammad Hassan
Biax Fiberfilm

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

Sanjukta Dutta
Sanjukta's Studio

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Judy Frater
Somaiya Kala Vidya

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

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

October 2017

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
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

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
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

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
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

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
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


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