The India Cotton Mill Decided To Reduce Its Yarn Price By 5 Rupees / Kg From May 1St.
According to the request made by the India textile mill Association (SIMA) in southern India, the India spinning factory has agreed that it will take effect from May 1st.
Knitting yarn price
A reduction of 5 rupees / kg.
But this decision did not make Rupp's knitting cluster happy because they originally asked for a reduction of 10 rupees / kg of cotton yarn prices.
Mr. A.Sakthivel, chairman of SIMA, welcomed the decision perfunctory. He said that considering the sharp rise in yarn prices, the reduction was not enough.
SIMA should consider a further reduction of 5 rupees / kg.
SIMA has appealed to federal textiles minister marang to abandon the proposal to revoke cotton yarn rebates.
The government has withdrawn 7.67% of the DEPB tax rebate.
The cancellation of tax rebate will lead to more expensive India yarn in the international market.
He further said that any
Negative measures
Such as levying cotton yarn export tax or any other control.
Cotton export
The measures will not be conducive to production, and will have a terrible negative impact on the spinning industry.
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