Indian RMG exports in dollar terms fell by 5.75% to $12.923bn in the period April-March 2012-13, compared with $13.711bn the year before, according to the latest data from the Apparel Export Promotion Council (AEPC). This highlighted a significant decline in dollar terms, as in the 2011 -12 financial year, exports in dollar terms had increased by 17.9% from the previous year. On account of the spiralling cotton yarn prices, chairman Dr A Sakthivel has proposed the banning of cotton exports from India or allowing garments exporters to import duty free yarn and fabrics. "These demands are essential to honour our commitment to the buyers who have given orders before the hike in the cotton yarn," he said.
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