Home / Knowledge / News / Textiles / TEA thanks government measures to control increasing yarn prices
TEA thanks government measures to control increasing yarn prices
08
Apr '10
The Central Government has come out with the following measures to moderate the yarn prices in the domestic market.

1. Suspension of 7.67% DEPB benefit available for cotton yarn exports.

2. Decision to impose a prohibitive duty on the export of raw cotton.

3. Decision to impose a prohibitive duty on the export of cotton yarn.

4. Decision to introduce a mechanism for registration of cotton yarn exporters.

The measures were taken at a meeting chaired by the Hon'ble Finance Minister, Shri.Pranab Mukherjee, Hon'ble Agriculture Minister, Shri.Sharad Pawar, Hon'ble Commerce Minister, Shri. Anand Sharma and Hon'ble Textile Minister, Thiru.Dayanidhi Maran on 6th April 2010 in New Delhi.

Shri.A.Sakthivel, President sent thanks letters to Shri.Pranab Mukherjee, Hon'ble Minister of Finance, Shri. Anand Sharma, Hon'ble Minister for Commerce and Industry, Shri. Jyotiraditya Scindia, Hon'ble Minister of State for Commerce and Industry, Shri.Rahul Khullar,I.A.S., Commerce Secretary and Shri.R.S.Gujral, I.A.S., Director General of Foreign Trade for the announcement of above measures.

Shri.A.Sakthivel specifically thanked Thiru. Dayanidhi Maran, Hon'ble Union Minister of Textiles and Smt. Rita Menon,I.A.S., Secretary for his support to the exporters, particularly to SME exporters.

Shri.Sakthivel expects the yarn prices would come down and he has also appealed to the textile mills associations to advise their members to reduce the cotton yarn prices immediately so as to save the knitwear garment sector and protect the employment.

Tirupur Exporters Association (TEA)

Must ReadView All

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

RBI Governor Urjit Patel and other officials addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

RBI withdraws the incremental CRR from Dec 10

The Reserve Bank of India (RBI) has decided to withdraw the...

Textiles | On 7th Dec 2016

‘Price-competitiveness is crucial for China yarn market’

Kikani Exports, India based yarn supplier with 12 years of experience ...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Prathyusha Garimella
Prathyusha Garimella

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Igor Chapurin
Chapurin

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

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search