Past four month the price of every produce were high.
The Central government’s speedy response to the request of Apparel Export Promotion Council to reduce cotton prices.The Apparel Export Promotion Council has welcomed the Central government’s speedy response.
High prices of cotton yarn and unpredictability in its availability, AFFECTED THE entire value chain. Impact was also seen on garment exports.
“We wholeheartedly thank Textiles Minister Smriti Zubin Irani for her help in getting Cotton Corporation of India (CCI) to reduce cotton prices,” said a statement quoting A Sakthivel, Chairman, AEPC.
March 22,2021 – CCI has come out with an announcement that cotton price has been reduced by around ₹1,500 per candy, he said.
Sakthivel said ‘the Textiles Minister was extending continuous support by taking several initiatives to protect and revive the apparel exporting industry since the outbreak of the coronavirus pandemic.The move on cotton prices is significant as it will help reduce the burden on garment exporters across the country’.