‘Remove export benefits for cotton yarn’

The 167th executive committee meeting of Tirupur Exporters’ Association held here on Thursday passed a resolution urging the Union Government to remove the duty drawback and other export benefits given for export of cotton yarn from the country. A release said the demand was send as a representation to the Union Commerce Ministry for its consideration.

The knitwear exporters’ call for removal of export benefits for the cotton yarn was following the disappointment prevailing in the Tirupur cluster industry about the recent attitude of the spinning mills in southern India when it comes to reducing the yarn prices.

“Despite the recent reduction in cotton prices, the spinning mills in the southern part of the country have not made any efforts to reduce the yarn prices, which is deplorable,” TEA president A. Sakthivel observed.

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