Government Progressing with Consultations on Cotton Import Duty Concerns: Official
A delegation representing the apparel industry and exporters recently met with Vice President C.P. Radhakrishnan and several Union Ministers to discuss concerns regarding import duties. The delegation requested the government to consider the removal of these duties, arguing that such changes could enhance the competitiveness of the Indian apparel sector in the global market.
The meeting highlights ongoing challenges faced by the industry, which has been impacted by various economic factors, including rising raw material costs and international competition. Industry representatives emphasized that reducing import duties could lead to increased investment, job creation, and greater market access for Indian-made products.
This discussion comes at a time when the apparel industry is seeking to recover from the disruptions caused by the COVID-19 pandemic and the subsequent shifts in global supply chains. Further developments on this matter are awaited as the government assesses the implications of potential duty adjustments.
