Home / Knowledge / News / Textiles / 'No need to restrict yarn exports' – Minister
'No need to restrict yarn exports' – Minister
28
Feb '11
It was recently revealed before the National Assembly that yarn exports will not adversely affect the textile sector of the country; instead it would raise the country's credibility in worldwide markets.

Minister Syed Khursheed Ahmed Shah stated that, the country need not restrict its yarn exports, as this would not only have an adverse effect on the country's image, overseas, but would even make it impossible for the industry to sustain its presence in the global markets, and thus create an advantage for competing nations.

He said that, inspite of the fact that, there is no duty is imposed on import of cotton yarn; the domestic value-added industry always preferred locally manufactured yarn owing to its easy availability. A check was being exercised on yarn exports so as to ensure enough availability of raw material for domestic value-added textile industry.

Around 275 million kg of yarn was exported from the country between July-December 2010, which is 24 percent less than the exports during corresponding period of 2009, the Minister said.

However, he added that, if yarn exports from country crosses the danger mark and poses a threat to the value-added industry, they would immediately introduce corrective measures to ease the situation, like it was done last year.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Textiles | On 20th Jan 2017

Xeros to focus on textile sector to develop technology

Xeros technology group plc, the developer and provider of patented...

Courtesy: AWI

Textiles | On 20th Jan 2017

Australian wool EMI at highest ever level in Au$ terms

The Eastern Market Indicator (EMI) managed to forge ahead by a...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Suresh Patel
Sidwin Fabric

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

Marten Alkhagen
Swerea IVF AB

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

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...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search