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Related Keywords: certification mandatory, CITI, DGFT, Directorate general of Foreign Trade, export of organic products, Organic Textiles, R K Dalmia, Texprocil, Textile Industry

The mandatory certification for export of organic products to finished textile products, including yarn, fabrics, made-ups and garments extended by the Directorate General of Foreign Trade DGFT on November 18 has been deferred.

This move came in after Texprocil had urged the commerce ministry to extend the December 18 deadline for mandatory certification to enable the sector to conform to the new procedure.

Industry has welcomed the move stating that organic textile exports would be possible now.

Related Keywords: African suppliers, CITI, cotton import, domestic market, high price, Indian mills, Shankar-6 variety, Texprocil, transport cost

Cotton import is likely to double at 1.5 million bales (a bale is 170 kg) in the current cotton year (October 2013-September 2014), as compared to 0.7 million bales the previous year, due to the higher prices in the domestic market than abroad, according to the Confederation of Indian Textile Industry (CITI).
 
The benchmark Shankar-6 variety is trading at Rs 11,642 a quintal, in comparison with the landed cost in southern ports at Rs 11,000 a quintal.
 

Related Keywords: CITI, Confederation of Indian Textile Industry, D K Nair, SIMA, Southern India Mills Association, T Rajkumar, yarn export to china, Yarn import in china

China is now buying lesser yarn from India, putting Indian export under pressure. Moreover, buyers in China are insisting on lower pricing citing that Indian rupee has strengthened against US$. Over the past one month, Indian yarn export price to China has declined 6- 7 per cent and is hovering around US$3.30 a kg. Until January, China was importing about 110 -120 million kg yarn per month on an average.

Related Keywords: CITI, export incentives, FMS benefits

Confederation of Indian Textile Industry (CITI) has welcomed and thanked Minister of Textile and Minister of Commerce for considering the presentation made by them for restoration of export benefits under Incremental Export Incentivisation Scheme on cotton yarn.
Prem Malik, Chairman, CITI stated that withdrawal of the benefits of IEIS had dampened the enthusiasm of cotton yarn exporters and the restoration of these benefits will reflect in the export performance during the remaining part of the year.