Mumbai, Dec 9 (PTI) Cotton Association of India (CAI) on Tuesday urged the government to remove 11 per cent Customs duty on imports of raw cotton, as lower production is resulting in high domestic prices, affecting the textile industry.
Current market challenges, driven by lower domestic productivity and high MSP (minimum support price), have made Indian cotton costly compared to other competing countries, CAI said in a statement.
“The 11 per cent import duty levied on cotton imports in India not only distorts the prices but also compounds the misery of our textile industry. The significant health issues now being faced by our textile industry also percolate to cotton traders and ginners immediately. The Indian cotton traders and ginners are the unsecured creditors of this industry," CAI

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