Home / Knowledge / News / Textiles / 'Knitwear Club' opposes cotton export policy
'Knitwear Club' opposes cotton export policy
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

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Anshul Sood

‘Indian footwear market is nascent and largely a trend follower’

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Mohammad Hassan
Biax Fiberfilm

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Bani Batra

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

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