Interviews
CITI expresses anguish on withdrawl of export incentives
09 Apr '10
4 min read
Shri Jaipuria explained that cotton prices have increased in the global markets because of lower production and higher consumption and this has pushed up cotton yarn prices all over the world. India is able to export cotton yarn at the current prices simply because global prices are even higher. Disinventivising or taxing exports may lead to some temporary decline in yarn exports, but this is unlikely to make any significant impact on domestic yarn prices, so long as the global markets are able to absorb the additional cost. “The only effective remedy to the current problem is to improve the cost competitiveness of our home textiles and garments in global markets through improving production efficiencies and extending adequate government incentives” said Shri Jaipuria.
Shri Shishir Jaipuria requested government to withdraw the negative decisions taken on cotton yarn exports and to replace them with positive decisions for improving the exports of downstream products.
Shri Shishir Jaipuria requested government to withdraw the negative decisions taken on cotton yarn exports and to replace them with positive decisions for improving the exports of downstream products.
Confederation of Indian Textile Industry (CITI)
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