05 April 2022, Mumbai:
NCTC appeals to the Hon’ble Minister of Textiles to allow duty-free import of cotton to avoid cancellation of orders, production stoppage and job losses.
An Industry Delegation comprising Members of National Committee on Textiles and Clothing (NCTC), today met, the Hon’ble Union Minister of Textiles, Commerce & Industry, Consumer Affairs and Food & Public Distribution, Shri Piyush Goyal, and submitted a Joint Memorandum to allow duty-free import of cotton not only to tide over the present crisis but also to achieve the desired target set for the Indian T&C Industry for the financial year 2022-23.
The NCTC delegation comprised of Shri T. Rajkumar, Chairman, Confederation of Indian Textile Industry (CITI), Shri Narendra Goenka, Chairman, Apparel Export Promotion Council (AEPC), Shri Manoj Patodia, Chairman, The Cotton Textiles Export Promotion Council (TEXPROCIL), Shri Ravi Sam, Chairman, The Southern India Mills’ Association (SIMA), and Shri Raja M. Shanmugham, President, Tirupur Exporters Association (TEA).
The industry delegation thanked the Hon’ble Prime Minister and Hon’ble Union Minister of Textiles for taking numerous path-breaking and historical policy initiatives that enabled India to achieve US$ 400 billion exports that too prior to scheduled deadline and making India to become the fastest growing economy in the world.
The total textiles and clothing export increased from US$ 29.454 billion to US$ 39.734 billion (estimated) and recorded a growth of 67% in the financial year 2021-22 in comparison to the previous year.
Similarly, the cotton textile exports also recorded a growth of 56% by reaching US$ 15.056 billion (estimated). The National Committee on Textiles and Clothing (NCTC) delegation apprised the Hon’ble Minister about the shortage of quality cotton that the Textiles and Clothing (T&C).
Industry is facing at the moment on the backdrop of declining domestic cotton production during the current cotton season (around 340 lakh bales of 170 kgs each as against 360-370 lakh bales production in the previous years) and the increased T&C Industry’s demand for cotton (360 lakh bales as against 300 to 320 lakh bales in the previous years) and an estimated export of 50 lakh bales.
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