Home / Knowledge / News / Textiles / Garment producers seek 5% duty on yarn exports
Garment producers seek 5% duty on yarn exports
10
May '10
The textile industry is on the verge of collapsing as yarn dearth has pushed a number of value-added textile producers to shut their businesses. For saving the industry from extinction, the industry stakeholders have realized the need to develop a joint strategy.

During a meeting with the spinning sector representatives, held last week, the garment producers pulled back their earlier demand on higher regulatory duty imposed on yarn exports and now want only five percent duty on these exports. However, the representatives of spinning sector strongly opposed the regulatory duty on yarn exports, mentioning it as an impractical move.

The regulatory duty cannot be imposed on yarn exported to China as it is forbidden under the free trade agreement, signed between the two countries, said Akber Sheikh, former Chairman, All Pakistan Textile Mills Association (APTMA), Punjab Zone. The country exports around 60 to 70 percent yarn to China.

As the rates of yarn are linked with that of cotton, it has become difficult to control yarn rates, said Ejaz Gohar, Chairman APTMA, Punjab. For instance, prices of yarn increased from Rs 760 per 10 pounds in June 2009 to Rs 1,260 per 10 pounds in April 2010 due to the increase in rates of cotton from Rs 3,350 per maund to over Rs 6,700 per maund, he added.

However, the rise in yarn prices is far less when compared to the hike in the rates of cotton. The spinners have stopped importing cotton from international markets following the quota imposition on yarn, informed Gohar. Moreover, the farmers are also against the imposition of yarn quota due to fear of lower consumption of cotton by local spinners.

Also, the farmers support free market economy as it has helped them in the past to receive global rates on their yield. They also support free export and import of yarn and seek free export and import of cotton.

Fibre2Fashion News Desk - India


Must ReadView All

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Courtesy: Coolvision

Textiles | On 20th Jun 2018

FiberVisions to show new range of CoolVisions fibre at OR

FiberVisions, an Indorama Ventures company, is set to present a new...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Paolo Ocleppo
Sandvik Hyperion

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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