Browsing: cotton imports

The Cotton Association of India (CAI) has written a letter to the Union Finance Minister Nirmala Sitharaman for the withdrawal of 10% customs duty imposed on cotton imports on February 2, 2021.

On February 1, Nirmala Sitharaman, Union Finance Minister of India introduced the Indian budget for the financial year 2021-22.

China needs to triple its cotton imports. With government stocks depleting, China needs to import more to sustain its mills’ consumption.