NAEC seeks govt intervention in containing high cost of cotton yarn, fabrics to boost exports, Retail News, ET Retail

The Noida Apparel Export Cluster (NAEC) on Sunday sought quick intervention of the governing administration in that contains substantial price tag of cotton yarn and materials, stating soaring rates are impacting exporters. NAEC president Lalit Thukral advised management in cotton exports, removing of 10 per cent cotton import duty, and improvement of a mechanism to regulate the charges of cotton and other uncooked elements to aid the sector.

“Clothing industry is struggling with a severe dilemma of significant charge of cotton yarn and materials. All through the last pair of months the cotton rates have been hiked up to 80 per cent. The costs of the cotton for every sweet of 335 kg went to Rs 74,000 from Rs 37,000. In attire generating, 75 per cent of uncooked substance utilised is cotton,” he said.

He added that the unforeseen steep cost rise of the cotton posed a good problem to

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