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 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Eric Scholler

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

December 2016

December 2016

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


Browse Our Archives


Advanced Search