INDIA: Policy Initiatives of Textile Ministry Bring Price Stability

india: There have been newspaper reports on the Textile Mills stopping production for one day on 23.05.2011 to protest the withdrawal of incentives and curbs on cotton yarn exports. Of the 3300 registered textile mills, 1998 mills were reported to have participated in the closure.

Cotton yarns Exports are already on OGL w.e.f. 1st April 2011; there is no curb on yarn exports presently. 

Last year in the backdrop of the supply line disruptions and steep increase in the process of cotton and cotton yarn, Government had initiated a number of steps for ensuring raw materials security for the Textiles industry. Keeping in mind the need to balance the interests of all stake holders across the value chain, a multipronged approach was adopted which included inter-alia, capping of cotton exports at 55 lac bales for cotton season 2010 – 11; and permitting yarn exports of 720 million kgs for the year 2010-11. The yarn exports are permitted throughout the year; there was no ban, virtual of otherwise as claimed. 

To ensure the viability of the handloom weavers, power loom weavers and garment industry in the face of highest ever price rise in decades in 2010-11, Government had capped cotton yarn exports at 720 million kgs for financial year 2010-11 keeping in view the domestic consumption. Even the 720 million kgs of yarn exports permitted would be the highest ever export performance achieved by the Indian spinning industry, representing a 22% increase in comparison to 589 million kgs in 2009 – 10 and 556 million kgs in 2008-09. 

The policy initiatives undertaken have yielded results, with the prices of both the cotton and cotton yarn achieving some degree of stability now. 

Send your News/Releases for publication to [email protected]
Added: May 30, 2011 Source: pib
Start script - 1550560707.9215 Start news id check - 1550560707.9216 After news id check - 1550560707.922 After cookie_code - 1550560710.6062 Before news detail - 1550560710.6062 After news detail - 1550560710.6068 Start cat select - 1550560710.6069 After cat select - 1550560710.6071 before preg replace - 1550560710.6071 After preg replace - 1550560710.6071 Before tag engine - 1550560710.6071 After tag engine - 1550560710.6122 Before mptt engine - 1550560710.6122 After mptt engine - 1550560710.6122 Before related engine - 1550560710.6122 After related engine - 1550560710.6148 Before update hits - 1550560710.6148 After update hits - 1550560710.615 After update news_hits - 1550560710.6254 After mem_only_views - 1550560710.6254 -------------------------------------------------- Total Exec time:- 2.7039999961853
AddThis Social Bookmark Button   Tell a friendBookmark AddThis Feed Button
Related News:

Website design by InWiz • © - 2000-2019. Internet Wizards All rights reserved. About usTerms & ConditionsDisclaimerPrivacy policy • 19-02-2019