India Will Soon Resume The Export Rebate Mechanism Of Cotton Yarn.
In view of the huge stock of yarn in the spinning mill and the shrinking demand in the world market, the Ministry of finance of India has decided to resume the export rebate mechanism for cotton yarn.
Chairman and ardhman group of India main textile group yarn SP Oswal, head of operations, said that since January 2011, yarn demand has been falling all the time, which is why companies default on bank loans. recovery drawback It will help stabilize these companies.
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