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SIMA urges Indian govt to remove import duty on cotton
The Southern India Mills’ Association (SIMA) has fervently appealed to the Union Finance Minister to withdraw the cotton import duty, as the duty is severely hurting the global competitiveness of the Indian textile and clothing industry.
SIMA requests withdrawal of import duty on cotton
According to the Southern India Mills’ Association (SIMA), the import duty on raw cotton would erode the competitiveness India’s value-added segments that has a business size of around Rs 50,000 crores in exports and Rs 25,000 crores in the domestic market.
Dark cloud with a silver lining?
Dark clouds of lockdown are back with the Tsunami of Covid 19 cases resurfacing across the country. With major textile producing states - Maharashtra, Tamil Nadu and Gujarat - under lockdown, the industry is staring at huge losses again this year.
Tirupur Exporters Association seeks financial relief
The Tirupur Exporters Association (TEA) has reached out to Nirmala Sitharaman, Union Finance Minister, for financial measures, like schemes and extensions, to help the apparel industry escape its current crisis state.
NITMA welcomes budget announcement for textile sector
Sanjay Garg, President NITMA , welcomed the proposal of Union Budget 2021-22 as the grant to textile and clothing sector is budgeted at Rs 3,631.64 crore which is about 10 per cent higher than previous year’s revised budget of Rs 3,300 crores in 2020-21.
A bag of mixed fortunes
The overall proposed structure to revive rural consumption and rural development in the Budget is likely to give an indirect impetus to the textile industry.
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