Related Keywords: achieve targeted growth in export market, Chinese yarn buyers and traders, constant market intelligence, crushing Indian yarn manufacturers, facilitate opening of common selling centres in China, Indian Texpreneurs Federation, memorandum to Union Ministry of Textile, prevent buyer exploiting, rationalisation of duties on man-made fibre
The Union Ministry of Textiles urged to facilitate opening of common selling offices or facilitation centres in China to encourage close interaction among Indian industrialists and prevent buyers exploiting them, said Indian Texpreneurs Federation (ITF) secretary D Prabhu Dhamodharan in a memorandum to the Ministry Secretary S K Panda.
Common selling centres were necessary as Chinese yarn buyers and traders, as a cartel, have been crushing Indian yarn manufacturers in recent times. To counter them and this would strengthen the Indian buyers' position with constant market intelligence.
