New Delhi, Aug. 29 -- The Government has extended the exemption on import duty for cotton until 31st December 2025.
This policy extension is a strategic step to enhance the global competitiveness of India's textile sector while also protecting the interests of domestic cotton farmers. It is important to note that most cotton imports are intended for specialized industrial uses or fulfill brand-specific export commitments, and do not displace domestically produced cotton.
This move aims to stabilize input costs across the entire textile value chain, from yarn and fabric to garments and made-ups, providing relief to manufacturers and consumers.
The textile-apparel value chain employs over 45 million people, and stable cotton supply is cr...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.