India Clothing Organization Requests Cotton Yarn Export To Be Included In The List Of Restrictions.

India Clothing export GEA, President of the association of Commerce, Wade. Cotton yarn Excluded from the list of restrictions, the decision to incorporate into the scope of the open universal license from April 1st was disappointing. He said, this will lead to yarn The export is unlimited, resulting in Price Unlimited growth, resulting in domestic market Insufficient supply.

In a letter to the Federal Minister of industry and commerce, Sharma, Wade pointed out that clothing exporters are experiencing a severe crisis because they can not get enough cotton yarn supply at a reasonable price. He asked minister Xia Ma to re incorporate cotton yarn. Export restriction This is because the price of cotton yarn has risen sharply.

Wade once again said that yarn exports accounted for 10% of the total textile exports, not only can not increase the added value, but also can not generate employment in the garment and finished products industry.

Wade once again pointed out that there was no international competition in India's cotton yarn export plan, because most of the yarn produced in India was retained in the domestic market for domestic use. On the other hand, garment exports face tough competition in the international market. Moreover, at the top of the added value chain, the outlet of the yarn is facing higher infrastructure defects and high transport costs.

Wade said: "we hope that the government will take necessary steps to protect clothing exporters. interest We also request that the government only allow the export of yarns to ensure adequate supply of domestic industry and supply of yarns at reasonable prices. "

Wade stressed that it is necessary to concentrate more on exports of added value products rather than raw cotton or fabric exports, because the added value of clothing is 6 times that of cotton yarn.

While adding yarn to the list of restricted exports, Wade also asked the government to limit the export of cotton yarn to 720 million kilograms this year.

The government must take immediate measures to solve the serious crisis in the textile industry.