New Delhi, May 30 (IANS) The government on Saturday announced a temporary exemption on all customs duties on the import of cotton from June 1 till October 30, to augment its availability for the Indian textile sector amid geopolitical tensions.The temporary duty exemption is expected to reduce input costs across the textile and apparel sector, thereby providing targeted relief to manufacturers and consumers, while also keeping the interests of domestic farmers in mind, according to an official n…
Latest Cotton Industry News & Updates
New Delhi, March 18 (IANS) In a key step towards farmer welfare, the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved minimum support price (MSP) funding of Rs 1,718.56 crore to the Cotton Corporation of India (CCI) for the cotton season 2023–24.The funding aims to provide direct price support to cotton farmers across the country.During the 2023–24 cotton season, the area under cultivation was estimated at 114.47 lakh hectares, with…