Home / Knowledge / News / Textiles / 'Knitwear Club' opposes cotton export policy
'Knitwear Club' opposes cotton export policy
10
Nov '10
A Ludhiana based, knitwear lobby has vehemently come out in opposition of the cotton export policy of the government of India, by saying that it favours a few cotton exporters as well as the neighbouring countries, who are also competitors, at a heavy cost to local textile and knitwear manufacturers.

In a memorandum sent to the Commerce Minister, Mr Anand Sharma, the “Knitwear Club”, which is made up of around 1,000 Ludhiana-based knitwear and textile producers, says that the export policy will benefit our neighbouring countries and at the same time result in low garment exports from India.

Speaking eloquently to fibre2fashion, Vinod K Thapar, President of the Knitwear Club noted, “It looks as if our cotton export policy is more concerned about the welfare of our neighboring countries and a few cotton exporters. As regards, allowing cotton exports from November 1, 2010, it will allow the exporters to purchase fresh cotton arrivals in November and December leaving the domestic industry without cotton.

“Our economy will suffer badly as it will definitely affect and result in low garment exports and it will not be out of place to mention here that knitwear/textile industry is the second largest segment after agriculture, as we absorb highest number of employees in the industry despite the stiff competition we are facing at international level, which comes under pressure following these liberties in cotton export policy. Almost every dyeing and knitting unit is going through the recessional phase due to the shortage of cotton yarn”, he added by saying.

When asked about his expectations from policy makers, he said, “Despite the problem being perennial, it needs immediate remedy. We kindly request to monitor the quantum of cotton arrivals and to first assess the domestic requirement to provide enough cotton to the local market as to safeguard the livelihood of millions of employees working in the textile sector, with equal growth opportunities for every segment of knitwear/textile industry”.

With regards to the performance of the knitwear sector in current times, he replied by saying, “Knitwear Club – Ludhiana, has been incorporated for the growth of the knitwear/textile industry and to assist its members, in case of any problems related to policy, fiscal, technical or commercial issues.

“With regards to the constant increase of cotton prices from Rs 22000 per bale in the previous cotton year to Rs 41000 per bale currently, it is pertinent to mention that it has elevated the cotton yarn prices simultaneously. The dilemma of knitwear entrepreneurs can be well understood as, spinning mills have hiked prices extraordinarily and high cotton yarn exports have had adverse effects on domestic knitting & dyeing industries, which in turn led to the total downfall in garment exports”, he concluded by saying.

In a recent interview given to fibre2fashion, Mr DK Nair, Secretary-General of Confederation of Indian Textiles Industry (CITI), too had raised concerns with regards, permitting cotton exports at the beginning of the season, by saying that, it would create a precarious situation for the textile industry in December.

Fibre2fashion News Desk - India


Must ReadView All

FDI in Vietnamese textile-garment projects on the rise

Apparel/Garments | On 24th Jun 2018

FDI in Vietnamese textile-garment projects on the rise

The European Union-Vietnam Free Trade Agreement and the Comprehensive ...

Courtesy: Alizilla

Apparel/Garments | On 24th Jun 2018

Alibaba Group sets up office in Kuala Lumpur

Strengthening its commitment to Malaysia, Alibaba Group has set up an ...

Bombay Dyeing plans to wind up Indonesian JV

Textiles | On 24th Jun 2018

Bombay Dyeing plans to wind up Indonesian JV

Bombay Dyeing & Manufacturing Co Ltd plans to wind up its loss making ...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Suresh Patel
Sidwin Fabric

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

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 ...

Robert Brunner
Devereux

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

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