CCI pushes for lower India import duty on US Cotton
The US Cotton Council International (CCI) urged the Indian government to eliminate the 11 per cent import duty on short staple cotton. This move aims to bring down prices and benefit Indian textile manufacturers.
This request comes after India removed import duties on superior, extra long staple (ELS) cotton in February 2021. Currently, short staple cotton carries an 11 per cent duty, impacting the competitiveness of US cotton.
“CCI highlights India's textile industry is projected to reach $350 billion by 2025, presenting a significant opportunity for US cotton exports. ”
CCI highlights India's textile industry is projected to reach $350 billion by 2025, presenting a significant opportunity for US cotton exports.
June 20, 2024
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