Apparel Export Promotion Council (AEPC) has flagged to the Government the continuous increase in the cost of raw material, such as cotton yarn which is critical to the apparel industry. The price of cotton yarn which was around 376 Rs/kg in March 22’ rose to 406 Rs/kg in April 22’ and further to 446Rs/kg as on May 22’ demonstrating an increase of 10 percent. In the past 18 months, this hike in the prices of the yarn has been to the tune of about 100 percent, rising from 200 Rs/kg to Rs 446/kg.

On behalf of the apparel Industry, AEPC has requested the government to take immediate measures, so that the RMG export target of $20 bn for the year 2022-23 is met.

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