Home / Knowledge / News / Textiles / India's cotton textile exports fell in FY17: Tamta
India's cotton textile exports fell in FY17: Tamta
22
Jul '17
The overall export of cotton textiles from India declined in 2016-17 compared to the previous two fiscals, minister of state for textiles Ajay Tamta said in a written reply to the Rajya Sabha. He said the government has taken steps to revive exports of cotton textiles, which include cotton yarn, cotton fabric, cotton madeups and cotton raw waste.

According to data shared by the minister, the shipments of cotton textiles from India stood at Rs 70,936 crore during 2016-17, as against Rs 72,994 crore in the previous financial year and Rs 71,913 crore in 2014-15.

The steps taken by the government to boost the export of textiles, including cotton commodities, include announcement of a special Textile Package for garments and made-ups sector; MEIS scheme under new Foreign Trade Policy 2015-20; Restoring interest rate subvention for pre and post shipment credit for the textile sector; increased duty drawback rates for some textile articles; Market Access Initiative (MAI) scheme; Market Development Assistance (MDA) scheme; and duty-free import of trimmings, embellishments and other specified item under Export Performance Certificate Entitlement scheme.

Informing about the present export policy, Tamta said that both the export of cotton and cotton yarn at present are under Open General License. The Directorate General of Foreign Trade, ministry of commerce and industry being the facilitator for the import and export of cotton and cotton yarn has dispensed with the registration requirement for export of cotton as well as cotton yarn. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Sourcemap

Apparel/Garments | On 17th Oct 2018

Sourcemap launches 1st free digital map of apparel units

New York-based software company Sourcemap recently launched the Open...

US apparel industry is already highly tariffed: AAFA

Apparel/Garments | On 17th Oct 2018

US apparel industry is already highly tariffed: AAFA

The American apparel and footwear industry is highly tariffed, as per ...

USAID backs East African firms to become more competitive

Apparel/Garments | On 17th Oct 2018

USAID backs East African firms to become more competitive

The US Agency for International Development Hub in East Africa is...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli, Epson, For.Tex & F.lli Robustelli

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Representatives, Textile & apparel industry

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Riddhika Shah, SS Homme

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Karan Behal,

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Tina Antoniades,

Tina Antoniades

India-headquartered Lulu & Sky is a rapidly escalating brand with the...

Kamal Kulshreshth,

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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

Leave your Comments


October 2018

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

news category


Related Categories:

Advanced Search