Textile industry hails suspension of cotton import duty

The Confederation of Indian Textile Industry (CITI) welcomed the temporary removal of 11 percent import duty on cotton from June 1 to October 30 as a momentum for the Indian textile and apparel industry.

In a statement released here on Saturday, Ashwin Chandran, CITI Chairman, said, “Amid the ongoing global volatility and uncertainty, the 11percent import duty on cotton was acting as a major hindrance to the Indian textile and apparel sector in raising its global competitiveness since our major Asian competitors already have duty-free access to cotton.” Read More