Wait...
  1. Home >
  2. Export Import News >
  3. Export News >
  4. Limited cash flow hits textile exports from region >
  5. Limited cash flow hits textile exports from region

Online Export Import Data Search

recentSearch
Complete Training Video : Click Here

Limited cash flow hits textile exports from region.


Date: 04-04-2018
Subject: Limited cash flow hits textile exports from region
INDORE: Regional textile mills are losing on business triggering a drop in exports due to higher cost of operations and liquidity crunch.

Textile exports from the region have seen a drop of over 5 per cent for the past few months owning to limited cash flow and increased cost of operations.

“Power rate in the state is higher than Maharashtra and southern India giving manufacturers of that areas a competitive edge,” said Rajesh Chordiya, a textile manufacturer from Indore who produces about 50 lakh metre of cloth per annum.

Local textile mills said the cost of production goes high every year because of regular rise in power tariffs and labour wages.

Industrialists said other leading exporters get duty exemption for textile industries unlike India which leads to higher costing for Indian products.

Madhya Pradesh is the fifth largest cotton producing state in the country with the presence of over 50 textile mills and 200 ginning mills.

According to Federation of Indian Export Organisations (FIEO) export scenario looks bleak and unlikely to bounce back in coming months.

FIEO president Ganesh Kumar Gupta said, “Fund flow is a big challenge for exporters as they have not received refunds under Goods and Services Tax since past several months. Fresh export orders are not being singed up from foreign destinations.”

The government has initiated the refund for exporters but still the process is slow.

There are over 20 textile mills in Indore, Ujjain, Nagda and Khandwa, according to trade estimate.

Industry experts demanded that favourable trade policy for small and medium industries should be framed so that local industries can avail facilities.

They said in rival countries such as Bangladesh, Vietnam and China, governments give benefits to textile mills in the form of subsidy and power cost making their products competitive in the global market.

Source: timesofindia.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 14-08-2019
Notification No.60/2019 - Customs (N.T.)
Exchange Rates Notification No.60/2019-Custom(NT) dated 14.08.2019.

Date: 14-08-2019
Notification No. 61/2019-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg.

Date: 14-08-2019
PUBLIC NOTICE NO. 25/2015-2020
Modification of Para 4.12(vi) of HBP and addition of Appendix 4P to Hand Book of Procedures 2015-20 – reg.

Date: 13-08-2019
Notification No.59/2019 - Customs (N.T.)
Exchange Rates Notification No.59/2019-Custom(NT) dated 13.08.2019.

Date: 13-08-2019
Instruction No. 03/2019-Customs
Recovery of Export benefits given under incentive and Reward Schemes under Chapter 3 of FTP on re-import of export goods.

Date: 10-08-2019
NOTIFICATION No. 32/2019-Customs (ADD)
Seeks to impose anti-dumping duty on imports of "Homopolymer of vinyl chloride monomer (suspension grade)" originating in or exported from China PR and USA for 30 months with effect from 13th August, 2019, in pursuance of SSR investigation by DGTR.

Date: 08-08-2019
Notification No. 57/2019-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver.

Date: 08-08-2019
Trade Notice 29/2019-20
Online filling of applications for claiming assistance under Transport and Marketing Assistance (TMA) for Specified Agriculture Products Schem

Date: 08-08-2019
Notification No. 58/ 2019-Customs (N.T.)
Further amending Notification No. 12/97-CUSTOMS (N.T.), dated the 2nd April, 1997

Date: 08-08-2019
Circular No. 24/2019-Customs
Clarification regarding applicability of All Industry Rates of duty drawback while fixing Brand Rate of duty drawback in post GST era.



Exim Guru Copyright © 1999-2019 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001