NarendraGoenka, Chairman, Apparel Export Promotion Council (AEPC) requested the government to calibrate cotton yarn exports and reduce export benefit on cotton and cotton yarn export from India.
He assured, the garment industry will make all efforts to achieve the export target of $20 billion this fiscal. However, cotton yarn prices have increased by almost 125 per cent in the last 18 months, he said.
Goenka requested the government to ban cotton exports for a few months to ensure availability to the industry as an immediate measure.
He also urged for the formation of a Textile Advisory Group by the government as an active interface between different stakeholders in the textiles value chain, besides alarming and mitigating the crisis like raw material storage, increasing productivity and containing inflation.
Appreciating the government's move to mitigate the crisis through Textiles Advisory Group, Goenka said, AEPC will look at the issues linked to productivity be it good quality seeds, introducing the new varieties, crop insurance to farmers and use of technology in farm optimization and produce management, water availability, arability for the crop.
