South India Textile Manufacturers Association Calls For The Prohibition Of Export Of Cotton Yarn

The southern India Textile Manufacturers Association said at yesterday's meeting that the cotton yarn department used about 1500000 power looms to consume 2 billion kilograms of yarn per year.

In the past few days, the price of yarn has increased by several times due to the export of yarn.

The cost of the product increases, but the buyer refuses to pay an additional amount of money to purchase the finished product.

Supplement: several Private Companies in India recently applied to the Indian government for permission to export genetically modified BT cotton to Pakistan.

These companies have worked with their Pakistani partners to complete the experiment on cotton growth and adaptability.

Because the climate and growth conditions of India and Pakistan are very similar, India company is optimistic about the prospect of the pgenic cotton planting in Pakistan.

It is reported that the India government is likely to issue export licenses to these companies.

Pakistan textile industry also appealed to the government to speed up the examination and approval procedures in order to get rid of the current shortage of cotton and rely on imported cotton.