The cotton yarn industry of north
Last week, the government had decided to suspend the 7.5 per cent duty concession on cotton yarn exports to discourage outward shipments and help cool down domestic prices in turn.
Under the scheme, these firms get customs duty refund on imported inputs of the export items.
"An increase in cotton prices in the past few months has led to a rise in cotton yarn prices. Also, the labour cost has almost tripled during the past three years and the industry is facing severe power shortages, which is affecting production costs and availability," Northern India Textile Mills Association (NITMA) President Ashish Bagrodia said in a statement.
The prices of raw cotton have increased from Rs 23,000 to Rs 29,000 per candy (356 kg) in the past three months, NITMA said.
It said, the government should withdraw the sops in a caliberated manner so that the industry can remain efficient and competitive.
Also, the government has imposed a duty of Rs 2,500 per tonne on raw cotton exports in order to moderate prices of the commodity in the domestic market and help the local textiles industr
Thursday, April 15, 2010
'Sops rollback may not lower cotton yarn prices'
Industry Research Reports
LIC Term Insurance or Pvt Life Insurance Term Plan ? Which is the best term insurance in India ? Which Insurance company has the best cla...
આજકાલ કોઈપણ સમસ્યા હોય લોકો એન્ટિબાયોટિક્સ અંગ્રેજી દવાઓ લેવાનું વધુ પસંદ કરતાં હોય છે કારણ કે આજની પેઢીને આપણા જુનવાણી નુસખા વિશે જાણ હોત...
http://www.livemint.com/2007/12/13162756/SBI-UTI-MFs-to-manage-post-of.html New Delhi: Government has appointed PSU mutual funds UTI MF a...
સુરતી લોચો બનાવવાની રીત Surati Locho - સુરતી લોચો લોચો એ ગુજરાતની સૌથી સ્વાદિષ્ટ ચટપટી ખાવાની ચીજો પૈકીની એક ચીજ છે. લોચો બનાવવાની ...
i-Develop Multibagger Stock Performance last year Enter Date Exit Date Bse Code Scri...
NTPC and RIL are fighting a case in the Bombay High Court over gas pricing for the former's Kawas and Gandar power plants....
Global private equity giant The Blackstone Group has announced that it has bought a majority stake in CMS Computers Ltd. Black...
Introduction The Japanese began using candlestick patterns for over 100 years before the West developed the bar and point and figure syst...