Home / Knowledge / News / Textiles / No need for regulatory duty on yarn exports - APTMA
No need for regulatory duty on yarn exports - APTMA
Sep '10
A senior functionary of APTMA, while ruling out the need for any quota or export duty on cotton yarn said that, the severe scarcity of raw cotton that the country is experiencing now, can easily be overcome.

As export duty was imposed on cotton yarn in the past, this restrained the spinners from bringing in two million cotton bales in the country, which then was available at a price of 78 cents per pound, he said.

There are no restrictions on importing yarn from any other country to meet the requirements of the value added sector. Also there is no need to give reason for imposing quota or export duty, Siddik said.

The value added sector has stopped demanding subsidies and has been working to boost their efficiency and cut down the costs, he said. While making a mention of the Indian Government's move to ban cotton exports beyond five and a half million bales, he said that India has not imposed any ceiling on exports of yarn.

He further said that, the prices of raw cotton have gone up significantly due to the recent floods in the country and that, if the spinners are not permitted to sell yarn at reasonable prices then many of them would have to cease their operations.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Rahul Bhadani

Navigating through catalogues is a bit hasslesome

Kaizad Hansotia

Competition is the best thing that can happen to a startup

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Urs Stalder
Sanitized AG

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Bani Batra

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

Silvia Venturini Fendi
Fendi s.r.l

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

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


news category

Related Categories:
April 2017

April 2017

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


Browse Our Archives


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