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NITMA flays Govt decision to stop export registration of cotton yarn
06 Dec '10
4 min read
Such skewed policies of the government will surely deal a death blow to the short term prospects of cotton spinning industry and long term prospects of the entire textile value chain including the Indian cotton farmers. With increase in cotton crop expected in the coming years and investments in cotton spinning surely to reduce due to such policies, more raw cotton will have to be exported on one hand and cotton yarn will have to be imported on the other hand to meet the increasing demand of the garment industry.
The government needs to reconsider its decision immediately to avoid long term repercussions and further exempt all spinning mills which are under the EOU/SEZ scheme or have export obligations under EPCG or Advance license.
The government needs to reconsider its decision immediately to avoid long term repercussions and further exempt all spinning mills which are under the EOU/SEZ scheme or have export obligations under EPCG or Advance license.
Northern India Textile Mills Association (NITMA)
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