In July 2016, 83 countries imported spun yarn from India, with Bangladesh at the top, accounting for 18 per cent of the total value with imports rising 24 per cent year on year in terms of volume and 22 per cent in value. China ranked second in July and accounted for around 18 per cent of all spun yarn exported from India. Peru was the third largest importer of spun yarns. These three top importers together accounted for around 42 per cent of all spun yarns exported from India in July.
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India’s spun yarn exports in July 2016 plunged 36 per cent in volume terms and value terms. Indian spinners faced a fall in their margins and found it difficult to compete on the international market.
Malaysia’s textile and apparel exports rose 10 per cent to RM 6.99 billion in the first half of this year compared to RM 6.33 billion recorded a year ago.
Under a special advance authorisation scheme, the Indian Government has introduced duty drawback of 3.2 per cent to 4.7 per cent (depending on the category) for exports of non-fabric inputs made from imported fabrics.
With a view to boosting apparel exports, the Union government has announced a scheme allowing duty-free import of fabric.
With a view to boosting apparel exports, the Union government has announced a scheme allowing duty-free import of fabric.
With a view to boosting apparel exports, the Union government has announced a scheme allowing duty-free import of fabric.