Request to ban raw cotton exports by apparel exporters

Request to ban raw cotton exports by apparel exporters

The Noida Apparel Export Cluster has requested the government to ban the export of yarns and raw cotton so that more raw materials are available for the domestic apparel industry.

Noida

The Noida Apparel Export Cluster has
requested the government to ban the export of yarns and raw cotton so that more
raw materials are available for the domestic apparel industry.

If there is more raw material for the
domestic industry, more finished products can be exported so that the country
can earn more revenue. According to the exporters, this ban on the export of
yarn and cotton will ensure that there are more raw materials for the apparel
industry which has been suffering for the past 6 months because of the issues
related to Covid like lockdowns and induced slowdowns. The industry will get an
opportunity to compete in the global export market if this decision is made by
the government. According to Lalit Thukral, President, NAEC, the situation of
the readymade garment industry has been made worse due to the pandemic. From
March till June 2020, the production of the garments was halted for four long
months.

It is believed that India is one of the
largest exporters of Cotton in the world. It has exported
around 21 Lakh bales of cotton to China. Countries like China, Bangladesh,
Vietnam, Pakistan, and Indonesia are the major importers of Indian Cotton.
Since the major portion of the cotton being produced in the country is
exported, fewer raw materials are left for the apparel industry here. 

Source
– Krishi Jagran

Image Source: Wikipedia

Also
Read:

https://indiantextilejournal.com/latest-textile-industry-news/india-s-share-in-cotton-yarn-and-rmg-market-declines-

https://indiantextilejournal.com/interviews/india-s-appeal-in-global-textile-industry-is-growing

 

 

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