Home / Knowledge / News / Textiles / New Sri Lanka-India FTA may include yarn imports
New Sri Lanka-India FTA may include yarn imports
Dec '10
The Sri Lankan Government is to renew the Free Trade Agreement (FTA) with the Indian Government and it even intends to bring yarn imports under the agreement.

In relation to the same, the entrepreneurs have already been directed to forward their written request to the Industry and Commerce Ministry so that the same could be considered while discussion.

There has been a considerable rise of around 75 percent in the cotton yarn prices over the past four months.

Moreover, India's ban on cotton yarn export has placed the Sri Lankan textile industry under a difficult situation wherein the textile units may face the risk of closure, which is going to cause over 100,000 employees in the sector to lose their jobs.

The country by and large imports cotton yarn from India, Thailand and Vietnam. But, now, with India imposing a ban on cotton yarn exports, it has caused the Sri Lankan firms relying on the cotton yarn imports from India to suffer great loss. But still, the country's major cotton yarn imports remained to be from India because the producers were in favour of importing from India, it being the closest port, and also for reasons like of less freight rates. Apart from these, Indian exporters even accepted smaller orders.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Textiles | On 26th Apr 2017

Gap, Athleta to increase use of sustainable fibres

Gap, one of the world's most iconic apparel and accessories brand and ...

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kevin Nelson

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Bani Batra

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

April 2017

April 2017

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


Browse Our Archives


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