Home / Knowledge / News / Textiles / MinTex to extend 15% regulatory duty till September
MinTex to extend 15% regulatory duty till September
Jul '10
Ministry of Textile (MinTex) is probably going to give an extension to the 15 percent Regulatory Duty (RD) imposed on yarn exports, till an additional two months, as against their earlier announced date of July 26, 2010.

MinTex intends to extend the date of September 27, 2010 and for this subject, the due paperwork is in process in the ministry.

Earlier, the 15 percent regulatory duty was to be lifted by July 12, 2010; however, it was then extended to July 26, 2010. the ban was imposed on yarn exports to help the value-added textile segment during an ongoing rise in prices of cotton and yarn, internationally.

But the new decision has not gone down too well with the spinning industry owners, as for them any new extension of the RD would mean nailing them down permanently.

According to them, such fake interference by MinTex, followed by the President's and the Prime Minister's bias nature towards them, who are avoiding the key issue, owing to political factors, could possibly deteriorate the future of the exportable yarn surplus in the nation.

More over, the current unrest within the textile industry, is spoiling the nation's image as a trustworthy textile products suppliers on one hand, while disappointing fresh investment in the textile sector on the other hand.

Fibre2Fashion News Desk - India

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marten Alkhagen
Swerea IVF AB

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

Mohammad Hassan
Biax Fiberfilm

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Robert Brunner

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

Yash P. Kotak
Bombay Hemp Company

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search