Tiruppur, June 3 (IANS) Cotton yarn prices have registered their first major decline this year, offering relief to Tiruppur’s knitwear and textile industry in Tamil Nadu after months of rising raw material costs that had put manufacturers and exporters under severe pressure. The reduction follows the Central government’s decision to temporarily exempt cotton imports from customs duty between June and October, a measure aimed at increasing supply and stabilising prices in the domestic market….
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New Delhi, May 30 (IANS) The government’s decision to temporarily exempt all customs duties on cotton imports will improve raw material availability and ease pressure on the textile and apparel value chain, the industry said on Saturday.Welcoming the government’s move, the Apparel Export Promotion Council (Apparel Export Promotion Council) said the measure is expected to reduce input costs, improve cotton availability, and enhance the competitiveness of Indian textile and apparel exports, partic…