Home / Knowledge / News / Textiles / Meeting to resolve vexed yarn issue inconclusive
Meeting to resolve vexed yarn issue inconclusive
05
May '10
A meeting between senior members of the textile as well as value-added sectors held recently had raised hopes of reaching a consensus on the vexed issue of rising prices of cotton yarn. But according to a senior member of APTMA, they could not reach any conclusion.

Speaking to Fibre2fashion, Mr Anwar Tata, member of APTMA said, “Now, it is the onus of the Federal Textile Ministry to come out with a solution from the proposals put forth by both the parties at the meeting, since both the sectors could not reach a consensus on the issue”.

He added by saying that, “The body language of the textile ministry suggests that the government will take concrete action, since the next three months are more critical, as 30 to 40 percent of mills will have no cotton and it will be more difficult to import cotton, even at high prices”.

At the meeting the spinners insisted on a free-trade mechanism, while the value-added sector proposed a ban on yarn exports for two months, along with imposing a 25 punitive duty on exports of the same. However, towards the end of the meeting, they did not press for a complete ban.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Courtesy: Alizilla

Apparel/Garments | On 24th Mar 2017

Alibaba's eWTP finds first overseas base in Malaysia

In a step towards using the internet to bring small businesses around ...

Textiles | On 24th Mar 2017

BJMC to produce cotton-jute blended denim fabrics

To meet demand from the market, Bangladesh Jute Mills Corporation...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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:
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search