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.
Browsing: Ashwin Chandran
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.
Southern India Mills’ Association (SIMA) said that stopping textile units in Tamil Nadu during night hours and on Sundays would affect the production activities, exports and also the jobs of several lakhs of workers.
The industry has been pleading the government to remove anti-dumping duty of USD 0.103 to 0. 512 per kg imposed on the VSF during the last several years, which is under active consideration
On February 1, Nirmala Sitharaman, Union Finance Minister of India introduced the Indian budget for the financial year 2021-22.
10 per cent import duty on cotton is a severe blow for cotton textile value chain.
SIMA appeals PM for withdrawal.
On November 11, 2020, the Union Cabinet gave its approval to extend the PLI scheme to textile products along with nine other new sectors entailing additional financial outlay of Rs 1,460 billion over a five-year period.