![]() Financial Daily from THE HINDU group of publications Saturday, Nov 22, 2003 |
|
|
|
|
|
Agri-Biz & Commodities
-
Cotton Industry & Economy - Exports & Imports Concern over unrestricted export of raw cotton Our Correspondent
Madurai , Nov. 21 THE Madurai Textile Exporters' Association has expressed its concern over unrestricted export of raw cotton. According to Mr K.P.S. Selvaraj, Secretary of the association, raw cotton export might create scarcity in the domestic market and result in price fluctuation. Weightage should be given for increasing domestic consumption. The Government should reconsider its decision of export of raw cotton. The country would lose the opportunity to earn valuable foreign exchange by exporting value-added products, if export of raw cotton was continued.Mr Selvaraj suggested that even yarn should be exported only after the domestic needs are met. Conditions on the lines of hank yarn obligations are necessary before permitting export of yarn. The `coarse counts' used in bulk by most of the exporters should be made available freely at a reasonable price so that the exporters, in the event of accepting overseas orders, will have confidence that yarn price in the domestic market will not pose any problems to them. Referring to the availability of export benefits in the neighbouring countries of Pakistan and China, Mr Selvaraj sought the same in India to compensate the loss made by exporters while competing in the world market. The Drawback/Duty Entitlement Pass Book Scheme should be continued till such time the country has achieved the desired growth in the world market, he stressed. He further said that the neighbouring countries had flexible labour laws, especially for textile industry, whereby exporters did not have any problem either with workers or with Government departments. Flexibility in labour laws would facilitate hiring of contract labourers in a need-based manner
Article E-Mail :: Comment :: Syndication
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |
Copyright © 2003, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|