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Control rising cotton prices, urges NAEC to government


The Noida Apparel Export Cluster (NAEC) has urged the Union government to help contain the rising cotton yarn and fabrics prices. Lalit Thukral, President, NAEC, urged the government to control cotton exports, remove 10 per cent cotton import duty, and develop a mechanism to regulate cotton and other raw materials prices to support the sector.

Thukral said the unexpected steep price rise of the cotton is hurting the production costs of apparel manufacturers and exporters. It is leading to loss of orders for exports and dwindling confidence of importers and buyers. Unchecked exports to competing countries like Bangladesh, Vietnam and Thailand is further aggravating the situation, Thukral added.

Prices of the fabrics have increased to Rs 40-50. Low import costs is helping Bangladesh, Vietnam Thailand and other countries reduce apparel production costs, threating India’s position in the global apparel market.


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