Mobile app version of munafa.co.com
Login or Join
 Learn then Earn
stockMarketNEWS

 story : Govt imposes curbs on export of human hair #FinanceIndia #StockMarketNEWS Govt imposes curbs on export of human hair New Delhi, Jan 29 (KNN) The government has imposed restrictions on the export

@stockMarketNEWS Mon 31 Jan, 2022

Posted in: #FinanceIndia #StockMarketNEWS

Govt imposes curbs on export of human hair #FinanceIndia #StockMarketNEWS
Govt imposes curbs on export of human hair New Delhi, Jan 29 (KNN) The government has imposed restrictions on the export of human hair, a move, according to the hair industry, would help in checking the alleged smuggling of the product from India. Hair exports were earlier allowed without any restriction. But now an exporter would have to seek permission or license from the Directorate General of Foreign Trade (DGFT) under the Commerce Ministry. 

"The export policy of human hair, unworked, whether or not washed or scoured; waste of human hair or any other form of raw human hair has been put under the restricted category, with immediate effect," Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi said in a notification. 

In India, West Bengal is the major hub for the industry besides Andhra Pradesh, Telangana and Tamil Nadu. Major competitors of India are China, Cambodia, Vietnam, and Myanmar.

Raw human hair are mainly collected from households and temples of these states and these primarily cater to the beauty market globally. 

Two types of hair are collected in India - remy and non-remy hair. Remy hair, the best grade, is collected from temples where pilgrims donate their hair as part of a religious vow. This quality is mainly used to make hairpieces and wigs. Non-Remy hair is a household waste collected by small groups of people in villages and cities. They segregate that and sell to dealers. 

During April-November this fiscal, hair exports stood at USD 144.26 million, while it was only USD 15.28 million in 2020-21.


Munafa USA Munafa India Munafa NSE


Report

Login to follow story

More posts by @stockMarketNEWS

Munafa ebook, learn stock market trading

0 Comments

Sorted by latest first Latest Oldest Best

Daily analysis, news, Munafa stocks list in email:

Back to top | Use Dark Theme