SME Times News Bureau | 29 Apr, 2010
The government has initiated different measures to ensure adequate domestic availability of yarn and raw cotton, Minister of State for Textiles, Panabaaka Lakshmi said on Wednesday in a written reply in the Rajya Sabha.
In a bid to ensure yarn availability for the domestic textile industry, the government has initiated a range measures including registration of yarn exports, removal of DEPB incentive on yarn exports and test check of fulfilling the hank yarn obligations to ensure adequate yarn supply to handloom weavers, said Lakshmi answering a question raised by T.T.V.Dhinakaran in the Rajya Sabha.
She further stated that Textiles Ministry has received a number of representations from garment and handloom sector regarding supply line distortions and steep increases in yarn prices.
Answering to another question, the minister added that the government has also taken a slew of measures to ensure adequate domestic availability of raw cotton, including imposition of export duty on raw cotton and cotton waste, suspension of Registration of Cotton Exports to ensure a carry forward stock of 50 lakh bales from the cotton season 2009-10.
The government has also intensified monitoring of the cotton situation through the Cotton Advisory Board, Lakshmi said.
An abrupt and abnormal increase in prices of the cotton yarn has hit the domestic textile industry. The government has decided to halt cotton exports from April 19 to ensure adequate availability of raw cotton for the domestic industry.
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