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

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Urs Stalder
Sanitized AG

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kevin Nelson
TissueGen

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Karan Arora
Karan Arora

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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
February 2017

February 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