Small spinners welcome removal of duty on cotton import

  • | Thursday | 14th April, 2022

Coimbatore, Apr 14 (PTI) South India Small Spinners Association (SISPA) on Thursday welcomed the removal of import duty on cotton by the Centre. This would help the mills affected by frequent rise in the cotton prices to buy cotton at cheaper prices and also help more arrivals, SISPA president J Selvan said in a statement. He thanked Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman and Textile Minister Piyush Goyal for the removal of import duty till September 30. He thanked Tamil Nadu Chief Minister M K Stalin also for writing to the Centre on the plight of the textile industry. Kongunadu Makkal Desiya Katchi general secretary E R Eswaran said the removal of import duty would help reduce raw material price of cotton, yarn and fabric to some extent. This would also help exporters compete with countries like China, Vietnam and Bangladesh, he said in a separate statement. PTI NVM NVG NVG


If You Like This Story, Support NYOOOZ

NYOOOZ SUPPORTER

NYOOOZ FRIEND

Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.


Stay updated with all the Coimbatore Latest News headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.

Related Articles