To curb price rise and increase supply for domestic manufacturers, the Apparel Export Promotion Council (AEPC) urged the government to restrict India’s exports of cotton yarn. A Sakthivel, Chairman, AEPC requested the government to impose quantitative restrictions on exports of cotton yarn of 26 counts and above.

Sakthivel said, the sector would be hit hard if yarn is exported at the cost of domestic and export-oriented manufacturing industry. He also recommended a duty on export of cotton yarn to reduce domestic yarn prices and increase value addition and employment in the country. According to him, this will also help in increasing garment exports besides resulting in only normal profits to yarn spinners, not the super normal profit owing to the profiteering currently happening.