FIEO Demands Export Duty on Cotton, Duty Free Import of Yarn

Dr A Sakthivel said that these proactive measures will also ease the logistics pressure and bring down the freight bill of the country as in some cases the same raw material was being exported from the country and subsequently being imported by the downstream users.

Dr Sakthivel said that similar measures need to be taken for some of the textile inputs as the rising prices are making it extremely difficult for exports of value-added apparel sector to meet the increasing competition. Export Duty on Cotton and duty-free import of Cotton Yarn will help in domestic availability of these inputs at competitive cost.

[FIEO/MC/PR/09/2022-23 - Press Release/ May 22, 2022]