India'S Clothing Exports May Be Frustrated By The Export Of Cotton Yarn.
The Rupp Exporters Association (TEA) believes that the India government has cancelled the export restrictions on cotton yarn, and the India textile industry may suffer setbacks.
Knitwear
and
Garment export
More than 160 billion rupees a year.
Earlier, due to soaring yarn prices in 2010-11 years, DGFT of India's export and Export Department limited the export limit of cotton yarn to 720 million kilograms.
At present, this restriction has been lifted, and it can only be registered before the export trade administration (DGFT).
TEA believes that this will increase the price of cotton yarn in domestic industry.
Many countries import cotton yarn from India to make garments.
Their bank interest is low, VAT rebates.
Low power cost
These conditions provide them with advantages.
Naturally, these yarns import countries have the ability to compete with India because they have cost advantages.
Ultimately, this will lead to heavy losses for India's garment exporters.
Once customer loyalty is lost, it will be hard to find it again.
Tens of thousands of people may lose their jobs.
In the 2009-10 years, India's clothing exports reached US $10 billion 640 million and employed 7 million.
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