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India'S Clothing Exports May Be Frustrated By The Export Of Cotton Yarn.

2011/4/8 10:57:00 53

Garment Export Cotton Yarn Export Yarn


The Rupp Exporters Association (TEA) believes that the India government has cancelled the cancellation.

Cotton yarn

Export restrictions, India textile industry may suffer setbacks, the association of knitwear and clothing exports more than 160 billion rupees per year.


Earlier, due to soaring yarn prices in 2010-11 years, India

Export trade

The DGFT limits the export limit of cotton yarn to 720 million kilograms.


At present, this restriction has been lifted, and it can only be registered before the export trade administration (DGFT).


TEA believes that this will enhance the domestic industry.

Cotton yarn

Price.


Many countries import cotton yarn from India to make garments.

Their interest on banks is low, VAT rebates, and electricity costs are low. These conditions give them an edge.

Naturally, these yarns import countries have the ability to compete with India because they have cost advantages.


Ultimately, this will lead to heavy losses for India's garment exporters.

Once customer loyalty is lost, it will be hard to find it again.


Tens of thousands of people may lose their jobs.


In the 2009-10 years, India's clothing exports reached US $10 billion 640 million and employed 7 million.

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