Prabhu Dhamodharan, convenor of the Indian Texpreneurs Federation (ITF), a textile entrepreneurs’ body based in Coimbatore, said, “In India, farmers are well protected through MSP (minimum support price) and CCI (Cotton Corporation of India) procurement. At this juncture, removing the import duty on cotton will enable access to globally competitive raw material.” India’s textile industry mostly uses domestic cotton, but also imports long-staple varieties, primarily from the US, Egypt and Australia, and some from Brazil.
Mint Explainer: Why is the govt weighing a duty cut on cotton imports?
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