The authorities ought to take away import responsibility from all kinds of cotton, together with cotton waste, and improve cotton productiveness with a give attention to specialised seed varieties, says CITI.
| Photo Credit: ANI
The Confederation of Indian Textile Industry (CITI) has urged the federal government to guarantee availability of cotton and artifical fibre (MMF) at internationally-competitive prices to propel the Indian textile industry in the direction of the goal of $350 billion by 2030.
The authorities ought to take away import responsibility from all kinds of cotton, together with cotton waste, and improve cotton productiveness with a give attention to specialised seed varieties. On the MMF entrance, it ought to exempt all fibres and yarns that aren’t available domestically from the scope of Quality Control Orders (QCOs). It must also exempt inputs imported by Advance Authorisation holders, EoU and SEZ models from the obligatory QCOs issued by the Department of Chemicals and Petrochemicals (for polyester fibre/filament/yarn) on the strains of exemption offered for QCOs by the Ministry of Textiles.
“The Indian textile industry has the required capacities and skills to grow. Raw material availability at internationally competing prices can address the present stagnation in the industry and help growth of the industry,”mentioned Rakesh Mehra, chairman CITI.
