According to foreign media reports, the Indian government recently lowered the cotton yarn export quota to 720,000 tons to protect the interests of textile workers in the country. According to the Indian Textile Commission, from 2010 to 2011 (April 2010 to March 2011), India’s cotton yarn supply volume will be 3.46 million tons, consumption (excluding exports) is expected to be 2.656 million tons, and exports may be 720,000. Ton. The committee said that the export quota was the highest in three years. Previously, the government had specified that the export limit for raw cotton was 935,000 tons.
Over the past few months, the unusual situation in India’s cotton and cotton textiles has caused the government’s attention. In order to ensure the supply of raw materials in the country, the Indian government will issue a quota policy related to textile exports at each stage. In addition to cotton and yarns, it also includes spinning machines, power loom, handloom, printing and dyeing. And hardcover processing equipment. In September 2010, India established the Cotton Yarn Advisory Committee to manage the nation’s stock of cotton yarn. As of now, the committee has convened twice, and formulated the cotton export quota policy for 2010-2011.
It is understood that the textile industry is an important industrial sector in India. In India, especially in Tamil Nadu in southern India, the textile industry is crucial to the national economy. India has a total of 3,200 spinning mills, of which 60% of spinning mills are concentrated in Tamil Nadu. Unlike the United States and other developed countries, Indian yarn mills continue to expand at yarn gathering sites. The cotton and cotton yarn situation in India has caused the government's high attention and intervention. Not long ago, the Chief Minister of Tamil Nadu sent a letter to the Prime Minister of India requesting the immediate suspension of cotton exports until domestic demand is met and the export of cotton yarns will be restricted and cotton export tax will be increased.
On the other hand, Indian cotton mills are facing a large backlog of production pressure. The Indian spinning mill has so far received an export contract of 779,000 tons and has now fulfilled 458,000 tons. The Indian Textile Association asked the government to release exports to ensure the normal performance of the contract. According to the export management department, the cotton mill opened its cotton yarn export within 45 days from the date of registration. This means that the cotton mill will complete the remaining 221,000 tons of cotton yarn exports by mid-January 2011.
People in the industry pointed out that in the coming period, the spinning mills in India will realize the maximum utilization rate and face the difficult challenge of producing high loads.
Over the past few months, the unusual situation in India’s cotton and cotton textiles has caused the government’s attention. In order to ensure the supply of raw materials in the country, the Indian government will issue a quota policy related to textile exports at each stage. In addition to cotton and yarns, it also includes spinning machines, power loom, handloom, printing and dyeing. And hardcover processing equipment. In September 2010, India established the Cotton Yarn Advisory Committee to manage the nation’s stock of cotton yarn. As of now, the committee has convened twice, and formulated the cotton export quota policy for 2010-2011.
It is understood that the textile industry is an important industrial sector in India. In India, especially in Tamil Nadu in southern India, the textile industry is crucial to the national economy. India has a total of 3,200 spinning mills, of which 60% of spinning mills are concentrated in Tamil Nadu. Unlike the United States and other developed countries, Indian yarn mills continue to expand at yarn gathering sites. The cotton and cotton yarn situation in India has caused the government's high attention and intervention. Not long ago, the Chief Minister of Tamil Nadu sent a letter to the Prime Minister of India requesting the immediate suspension of cotton exports until domestic demand is met and the export of cotton yarns will be restricted and cotton export tax will be increased.
On the other hand, Indian cotton mills are facing a large backlog of production pressure. The Indian spinning mill has so far received an export contract of 779,000 tons and has now fulfilled 458,000 tons. The Indian Textile Association asked the government to release exports to ensure the normal performance of the contract. According to the export management department, the cotton mill opened its cotton yarn export within 45 days from the date of registration. This means that the cotton mill will complete the remaining 221,000 tons of cotton yarn exports by mid-January 2011.
People in the industry pointed out that in the coming period, the spinning mills in India will realize the maximum utilization rate and face the difficult challenge of producing high loads.
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