Home / Knowledge / News / Textiles / Garment body appeals to keep exports of cotton yarn in negative list
Garment body appeals to keep exports of cotton yarn in negative list
05
Apr '11
Mr Rakesh Vaid, President, Garments Exporters Association - GEA has expressed disappointment at the removal of cotton yarn exports from the negative list and putting it under OGL with effect from April 1, saying that this will result in unchecked exports of yarn resulting in unchecked price increases and its scare supply in domestic market.

In a letter to Shri Anand Sharma, Union Minister of Commerce and Industry, Mr Vaid pointed out that garment exporters have been undergoing serious crisis due to non-availability of adequate supply of cotton yarn at reasonable prices and requested him to put cotton yarn back on the negative list because of the extra ordinary and excessive rise in the price of cotton yarn.

He further said yarn exports constitute less than 10 per cent of overall textiles exports, but have a potential to derail exports of value added and job creating products like garments and made-ups.

Mr Vaid further pointed out that cotton yarn exports from India face little international competition, as most yarn producing nations preserve their domestic yarn supply for its industry. On the other hand, garment exports from India face stiff international competition.

Besides, being on top of the value chain, these exports are faced with high infrastructure deficiency and transaction costs.

"We hope that the government will take prompt and necessary steps to safeguard the interests of garment exporters. We also request the government to allow export of cotton only in a calibrated manner to ensure adequate and uninterrupted supply of cotton yarn at reasonable prices for the domestic industry," Mr Vaid said.

Demanding some sort of control on the export of cotton and yarn, Mr Vaid also stressed the need to focus more on value added exports of garments rather than raw cotton or fabric as the value addition is over six times if the same amount of cotton yarn that is being exported is used by Garments exporting units.

While keeping the export of cotton yarn in negative list, Mr Vaid requested the Government to maintain the export ceiling at 720 million kg for this year also.

The Government must take immediate steps to resolve a serious crises being faced by the Textile Industry because of non-availability of cotton, yarn and fabric even at higher prices.

Garments Exporters Association


Must ReadView All

Courtesy: Sympatex Technologies

Textiles | On 23rd Feb 2018

Sympatex, Ricosta jointly move towards sustainability

Sympatex Technologies is moving towards sustainability with its...

Courtesy: Business wire

Information Technology | On 23rd Feb 2018

CLO Virtual Fashion launches CLO 4.0 & new website

CLO Virtual Fashion, a leading developer of cutting-edge 3D garment...

Courtesy: Delta Galil

Apparel/Garments | On 23rd Feb 2018

Delta Galil 2017 sales up 16% to $1,368.1 million

Delta Galil sales for full year 2017 increased 16 per cent to...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Eric Scholler
Groz-Beckert

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

February 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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