From 555 million kg during January – October 2008, yarn export during the same period in 2009 fell to 400 million kg. Apparently, the spinning sector today is a world leader in yarn exports and accounts for nearly 20 percent of international yarn trade.
He concluded by saying that, they made huge investments to cater to international markets, however, during the last two years, yarn export dropped considerably and the spinning mills have huge export obligation commitments under the EPCG or advance licensing schemes that need to be honoured.
Fibre2Fashion News Desk - India
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