Home / Knowledge / News / Textiles / New Sri Lanka-India FTA may include yarn imports
New Sri Lanka-India FTA may include yarn imports
10
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

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Kerem Durdag
Biovation II LLC

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

Kevin Nelson
TissueGen

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Robert Brunner
Devereux

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

Judy Frater
Somaiya Kala Vidya

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

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search