Sanjay Garg, President, NITMA has lauded the government’s move to withdraw customs duty on cotton imports till September 30, 2022. The exemption will not only benefit India’s textile chain - yarn, fabric, garments, and made-ups but also help lower the prices for end-user and providing boost to textile exports, he said.
MukeshTyagi, Sr Vice President, NITMA also welcomed the move saying, Cotton is important to enhance India’s competitiveness in global textile trade and the government should introduce a comprehensive Cotton Fibre Policy.
Tyagi also advocated for a permanent removal of the import duty with the arrival of shipments only from April to September, each year. This will help the Textile Ministry increase the industry size to $100 billion s by 2030, he said.
