Home / Knowledge / News / Textiles / Govt further tightens curbs on yarn exports
Govt further tightens curbs on yarn exports
26
Feb '10
On pressure from the textile value-added sector, the Cabinet Committee on Textile decided to further tighten the quantitative restrictions on export of yarn from 50 million kgs to 35 million kgs per month, till June 30, 2010.

In the month of January, the Committee had imposed a ceiling limit on exports of yarn at 50 million kgs. But it was brought to the notice of the committee that, in the same month 58 million kgs of yarn was shipped in contravention of the cap.

The government had imposed the cap on yarn exports to rein in rising prices of yarn as well as create proper availability of the same. But the cap had no effect as since the prices did not come down along with which exports also surpassed the ceiling limits.

However, the committee decided that yarn of value above $3.5 per kg, will be excluded from the ceiling limit and the decision would be implemented with immediate affect and the notification is expected to be issued in the next few days.

The value-added textile sector had observed that if immediate steps were not taken to ensure proper yarn supply, the whole value-added chain would collapse, leading to unemployment and chaos in the local economies.

Fibre2fashion News Desk - India


Must ReadView All

New US alliance to promote postal package delivery service

Textiles | On 15th Aug 2018

New US alliance to promote postal package delivery service

A group of US retailing, e-commerce and logistics firms recently...

Courtesy: Industriall Union

Apparel/Garments | On 15th Aug 2018

IndustriALL-Esprit agreement to improve workers' rights

IndustriALL Global Union recently signed a global framework agreement ...

Indian minister orders fresh consultations on e-com policy

Textiles | On 15th Aug 2018

Indian minister orders fresh consultations on e-com policy

Indian commerce and industry minister Suresh Prabhu has asked for...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Asim Dalal
Indo Count Retail Ventures

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

Urmil Arya

Sushila International, a well established textile organisation established ...

Suresh P Bagrecha

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

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Robin Grankvist
OrganoClick AB

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

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Rupa Sood and Sharan Apparao
Nayaab

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

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


August 2018

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

news category


Related Categories:

Advanced Search