(a) whether the Government has taken note of the continuous decline in cotton yarn exports;
(b) whether it is a fact that the cotton textiles export promotion council has urged the Government to extend 3 percent interest equalization for cotton yarn;
(c) whether it is also true that the cotton yarn exports are at past five year low; and
(d) if so, the reasons therefor?
MINISTER OF TEXTILES
(SMT. SMRITI ZUBIN IRANI)
(a): As per the data of Directorate General of Commercial Intelligence and Statistics, export of cotton yarn has increased by 14% from US$ 3.4 billion in 2017-18 to US$ 3.9 billion in 2018-19.
(b): Cotton Textile Export Promotion Council, TEXPROCIL made a representation to Ministry of Finance to extend 3 percent interest equalization for cotton yarn
(c): No Sir. Cotton yarn exports valued at USD 3.89 billion in 2018-19 is the highest since 2015-16.
(d): Does not arise.
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