India Textile Department Does Not Recognize Restrictions On Yarn Exports

2011/5/27 10:17:00 34

India Textile Department Restricts Yarn Export Price Of Cotton Yarn

One day in the India textile factory, a protest against the government's cancellation of export incentives and restrictions on the export of cotton yarn was made today. The government clearly stated today that there was no restriction on yarn exports. Since April 1st, the yarn export has adopted an open general license (OGL).

3300 registered textile mills and 1998 home textile mills reported that they would close the factory, so the government rushed out to clarify.

Last year, the market was in short supply, cotton and

Cotton yarn price

The government has taken a series of measures to ensure the safety of raw materials in the domestic textile industry.

In the past 2010-11 years, the highest price increases in recent decades have been made in order to ensure hand weaving workers and power looms workers.

Garment industry

The viability of the government will be the 2010-11 fiscal year.

Cotton yarn export

The limit is 720 million kilograms, which aims at maintaining domestic consumption.

Even the 720 million kilogram yarn export volume is the largest export volume in the history of India spinning industry, which is 22% higher than that in 2009-10 years.