India has exhausted the 51,000-tonnes quota of duty-free Australian cotton imports for 2023 and if the costs are on the proper degree, there may be scope for more imports, in line with a piece of the cotton commerce.
A four-member delegation from Australian Cotton Shippers Association is visiting textile clusters in India, together with Coimbatore, to reconnect with cotton stakeholders right here.
Cliff White, who’s a part of the delegation, stated that aside from the 51,000-tonnes quota for 2023, there’s a small amount that’s imported by India with responsibility. “If the Indian cotton crop is small, there is scope for more imports,” he noticed.
According to Nishanth A. Asher, secretary of the Indian Cotton Federation, the speciality nature of the Australian cotton fibre gives potential for increased imports offered the costs are on the proper degree.
Some of the textile business associations have additionally appealed to the federal government to extend the quota for duty-free cotton imports from Australia.
John Southwell, Australia’s Trade and Investment Commissioner for meals, agriculture and shopper items in India, informed The Hindu that the delegation’s go to was aimed toward reconnecting with cotton stakeholders within the nation, giving updates on the Australian cotton sector, and interesting and understanding how Australian cotton might contribute additional to the Indian economic system.
Under the Australia-India Economic Cooperation and Trade Agreement, India imports 51,000 tonnes of Australian cotton responsibility free. It may export textile and clothes duty-free to Australia, he stated.
