Home / Knowledge / News / Textiles / Requisition to ban cotton yarn exports
Requisition to ban cotton yarn exports
14
Oct '10
Shri.A.Sakthivel, President, TEA (Tirupur Exporters' Association) requesting Hon'ble Union Minister of Textiles to take steps to ban cotton yarn exports immediately to protect knitwear sector.

We would like to thank the Hon'ble Minister for continuously taking up a lot of measures to protect the textile industry and also export knitwear sector. We are proud to mention that as stated by our Hon'ble Chief Minister recently, the functioning of Textile Ministry has changed a lot after your taking over and your sincere effort resulting in imbibed with fresh thoughts, helping for rejuvenation of the textile industry. It is not out of place to mention that dynamism and pro activism have now become the order of the day, all because of you.

On the yarn price front, we wish to make a note of it that as advised in the meeting held in Chennai on 8th October 2010, we had sent letters to both textile Associations SIMA & TASMA requesting to come forward to reduce the yarn prices for all counts.

For 40s CHy yarn, the price has to be reduced to Rs.195/- per Kg. from the existing price level of Rs.205/- per Kg. and for other counts, the proportionate reduction can be made.

More importantly, we had also mentioned in our letter that the revised prices had to be maintained for three months, even after the cotton prices goes down from the existing prices, as suggested by the Hon'ble Minister.

As we were waiting for favourable response, unfortunately, both SIMA & TASMA, in their replies to our Association, have informed that it was impossible for them to make any attempt on fixing of the yarn price due to increasing of cotton prices.

Moreover, most of the mills have stopped the supplying of yarn by citing a reason as the non-availability of cotton in the market. It is to be noted that once, if we are not getting the yarn, then, we may have to stop our units.

Our concern is that as we have booked our orders earlier, we are committed to meet out the delivery schedule failing which not only the orders will be cancelled, but also, we will be ultimately losing our buyers, forever. We regret to mention that the Tirupur knitwear sector will plunge into unrecoverable situation.

Considering the gravity of situation, we request the Hon'ble Minister to help to take following measures to protect knitwear export sector.

Yarn

• Impose ban on cotton yarn exports immediately till the yarn supply is restored and the market becomes normal.
• The ban of cotton yarn exports may be lifted once the yarn supply restores in the market subject to the following conditions.
• 10% of cotton yarn production only should be exported on count wise.
• 15% advalorem export duty should be imposed on cotton yarn.
• Cotton yarn export should also be calibrated.

Cotton

• The cotton exports should not be permitted above 55 lakh bales.

We request the Hon'ble Minister to kindly treat this letter as SOS and help to implement the measures so as to protect the knitwear export sector.

Tirupur Exporters' Association


Must ReadView All

Courtesy: Ministry of Trade and Industry, Singapore

Textiles | On 22nd Feb 2018

Final version of CPTPP pact released; to be signed in March

The final version of the Comprehensive and Progressive Agreement for...

Amazon India crosses 3 lakh seller base in less than 5 yrs

Apparel/Garments | On 22nd Feb 2018

Amazon India crosses 3 lakh seller base in less than 5 yrs

Amazon recently claimed to have crossed the three-lakh seller base in ...

Indian e-retail market may see 250% growth in 3 yrs: Crisil

Apparel/Garments | On 22nd Feb 2018

Indian e-retail market may see 250% growth in 3 yrs: Crisil

India’s e-retail market may rise by 250 per cent in the next three...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Rikesh Mistry

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

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Steve Cole
Xerium Technologies

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

Suresh Patel
Sidwin Fabric

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Silvia Venturini Fendi
Fendi s.r.l

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

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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

February 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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