Coimbatore, Oct 06 (ANI): Yarn exporters in Coimbatore believed that the withdrawal of incentives for exports of cotton and yarn, a value-added product used by textile mills would turn out to be a move that could cut exporters' margins in the world's second-biggest exporter of the fibre. The removal of Focus market scheme (FMS) will affect the exporters in losing the credibility in the international market. Chairman, South India Mills Association (SIMA) T. Rajkumar said that abruptly withdrawing the scheme would end up loosing markets for Indian cotton yarn.
