Home / Knowledge / News / Textiles / Experts call raw cotton export duty, ill-advised move
Experts call raw cotton export duty, ill-advised move
14
Apr '10
The apparel industry of India is delighted with government's proposed decision of suspending duty concession on cotton yarn exports and imposition of heavy duty on raw cotton exports.

However, as per the spinning industry entrepreneurs this decision would obstruct the growth of industry. Stating it as the measure aimed to control the amplifying price of cotton yarn, the knitwear garmenting sector hailed the decision taken by the government.

Experts from the spinning sector, allege that, the government is troubling the spinning industry, which is the only organized sector in the textile value chain, instead of taking efforts to improve the competence and efficiency of the other sub-sectors in the value chain. The policies are more supportive for a particular sector of the industry and are not proper, they add by saying.

Mr J. Thulasidharan, Chairman of the Southern India Mills Association (SIMA) called these decisions as an ill-advised move, offering the reference of the suspension of 7.67 percent Duty Entitlement Pass Book (DEPB) benefit, which had been available for cotton yarn export.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

Benetton seeks approval for FDI in single-brand retail

Global fashion brand Benetton Group, has sought Indian government's...

Apparel/Garments | On 26th May 2017

Walmart to conduct GST workshops for SME suppliers

With the objective of supporting its small and medium-sized (SME)...

Interviews View All

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search