The Southern India Mills' Association has appealed to the Union Textile Minister to increase the exportable quantity of cotton yarn for 2011-2012.
Association chairman J. Thulasidharan has stated in a release that the Cotton Yarn Advisory Board that met on March 12 under the chairmanship of the Textile Commissioner earmarked 845 million kg as the exportable surplus for the next fiscal. The industry was permitted to export only 720 million kg in 2010-2011.
Mr. Thulasidharan said since cotton textiles were not covered under the Essential Commodities Act, it was not mandatory for all the spinning mills to furnish the monthly production details to the Textile Commissioner. Hence, the statistics available with the Commissioner was at least 15 per cent lower than the actual. Even with the data available with the government, the board could have permitted export of 870 million kg for 2010-2011.
Yarn stocks had increased in several mills for the last two months because of the restrictions on export.
Mr. Thulasidharan said the board had over estimated the yarn requirements for the domestic powerloom and hosiery sectors. The exportable surplus for 2011-2012 should have been 1120 million kg. He appealed to the Union Textile Minister to enhance the export limit to at least 1200 million kg and this could be reviewed later.
Keywords: cotton exports