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.

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