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

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Ashok Desai
Bombay Textile Research Association

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Ritu Kumar
Label Ritu Kumar

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

Rupa Sood and Sharan Apparao
Nayaab

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

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search