Restrict export of comber-noil waste cotton: Open-end Spinning Mills Association to Union government

Restrict export of comber-noil waste cotton: Open-end Spinning Mills Association to Union government

COIMBATORE: The Open-end Spinning Mills Association (OSMA) on Sunday urged the Union government to restrict the export of comber-noil waste cotton or levy Rs 20 per kilo on the variety as export charges for making the commodity available in the domestic market. In a joint press meet by OSMA and North India Rotor Spinning Mills Association (NIRSMA) held here on Sunday, the members placed a charter of demands with the Union government that needed to be addressed to keep their business afloat. Among the demands, OSMA president G Arulmozhi said the government must waive import duty on the machinery used by open-end spinning mills. "The machines used by the open-end spinning mills can only be purchased from abroad. By placing the order now, the manufacturer will deliver the machine only after two years. There must be a duty-free import for these machines and the government must also encourage entrepreneurs to manufacture such machinery within the country to make it affordable," he said. Similarly, Arulmozhi demanded a separate Harmonized System of Nomenclature (HSN) code for the open-end yarns for identification. NIRSMA's president Preetham Singh was also present. The two associations have assured to work together to represent the issues faced by the open-end spinning mills across the country.

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