Home / Knowledge / News / Textiles / Govt further tightens curbs on yarn exports
Govt further tightens curbs on yarn exports
26
Feb '10
On pressure from the textile value-added sector, the Cabinet Committee on Textile decided to further tighten the quantitative restrictions on export of yarn from 50 million kgs to 35 million kgs per month, till June 30, 2010.

In the month of January, the Committee had imposed a ceiling limit on exports of yarn at 50 million kgs. But it was brought to the notice of the committee that, in the same month 58 million kgs of yarn was shipped in contravention of the cap.

The government had imposed the cap on yarn exports to rein in rising prices of yarn as well as create proper availability of the same. But the cap had no effect as since the prices did not come down along with which exports also surpassed the ceiling limits.

However, the committee decided that yarn of value above $3.5 per kg, will be excluded from the ceiling limit and the decision would be implemented with immediate affect and the notification is expected to be issued in the next few days.

The value-added textile sector had observed that if immediate steps were not taken to ensure proper yarn supply, the whole value-added chain would collapse, leading to unemployment and chaos in the local economies.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Apr 2017

Maharashtra govt working on second textiles policy

The textiles department of the government of Maharashtra is working...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Kevin Nelson
TissueGen

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

Giorgio Mantovani
Corman S.p.A

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Yash P. Kotak
Bombay Hemp Company

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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



X