cotton industry | News & Insights

SIMA Is Demanding Removal Of Import Duty On Cotton

Published: April 19, 2023
Author: DIGITAL MEDIA EXECUTIVE

The Central government has been urged by the Southern India Mills’ Association to waive the 11% import charge on cotton until October of this year.

The application of the charge in the 2021–22 budget, according to association head Ravi Sam, caused a sharp increase in cotton prices and weakened the competitiveness of the Indian textile industry, which is the primary consumer of cotton.

Related Posts

Meet ‘The Recycle Man of India’ Who Created USE Out Of The USELESS.