India TEAMA: Enhance The Competitiveness Of Domestic Textiles &Nbsp; Need To Prohibit The Export Of Cotton And Cotton Yarn.
On Thursday, India's Rupp exporters and Manufacturers Association (TEAMA) said that because of the frequent rise in cotton prices in recent months, garment manufacturers encountered operational difficulties.
The association has hundreds of exporters of knitted garments.
In recent 8 months, yarn prices have soared by about 50%, according to TEAMA President Ramesh Kumar (K. Ramesh Kumar). Small and medium-sized garment exporters in the Rupp industry group are increasingly unable to compete in the global apparel market.
Mr. Kumar believes that if the government is eager to control the price of domestic yarn, it should prohibit the export of cotton and cotton yarn completely.
He pointed out that India's exports of cotton yarn and cotton have encouraged India's competitors, such as Bangladesh, Pakistan, Vietnam and China, whose low value added clothing prices pose a competitive threat to India exporters.
Members of the TEAMA hope that the central government will set up a high-level committee to supervise the production and supply of cotton and cotton yarn, so as to ensure that domestic manufacturers can get the necessary raw materials.
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