Apparel Export Promotion Council (AEPC): Remove import duty on cotton
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29 January 2022, Mumbai:
The prevalent high import duty on raw materials has made Indian apparel overpriced and less competitive than its rivals.
Narendra Goenka, new Chairman, AEPC," Apart from the removal of import duties, there is an urgent need for building additional production capacity and promoting brand India as there is good demand in the export market and this is the right time to improve Indian market share".
Run Up to 2022
The Apparel Export Promotion Council (AEPC) has urged the government to remove import duty on cotton for boosting apparel exports, as one of its key budget recommendations for promoting the Indian apparel industry.
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