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TMA seeks ban on exports of raw cotton and yarn
28
Oct '09
The Towel Manufacturers Association urged the government to impose an immediate ban on the exports of raw cotton and yarn. If the ban will not be placed immediately, the value-added industries like apparels and home textiles will suffer, due to unavailability of yarn, said the TMA members in an emergency meeting.

As per the TMA members, in the current scenario, achieving last years target would by itself, be difficult and on the other hand, the ambitious export target of $25 billion is completely unfeasible.

Competition between the countries exporting textiles has increased strongly, with the dismantling of the quota systems and to have firm and successful stand in such situations, Pakistan have to exploit its feature of being major cotton producing country and export value-added textiles to the maximum, which would also help generate jobs for the local people.

Export of raw cotton and yarn deprives local industries of raw materials and employment ratio of the country as well as allows its competitors of value-added textiles to compete with them for market share.

The country should focus on the export of value-added textiles rather than the export of raw cotton or yarn. The value-addition is done by the conversion of cotton yarn into cloth, towels, made-ups and garments. So, an immediate ban on export of raw cotton and yarns would encourage the value-added exports.

Fibre2fashion News Desk - India

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