AEPC delegation urges Centre to scrap 11% cotton import duty amid 45 lakh bale supply gap
Apparel Export Promotion Council, joined by Tirupur-based bodies including TEA and SIHMA, met the Vice President and ministers seeking removal of the 11% cotton import duty. Industry cites a 45 lakh bale shortfall (demand 337 vs output 292.15 lakh bales) squeezing spinning mills and exporters.
What happened
Apparel Export Promotion Council · Apparel industry delegation led by AEPC met Vice President and ministers seeking removal of 11% cotton import duty, citing a
Key facts
- 11%
- 337 lakh bales
- 292.15 lakh bales
- 45 lakh bales
Why this matters
Distressed sourcing dynamics could surface acquisition opportunities among smaller spinners caught in the 45 lakh bale gap before any policy reversal stabilizes the sector.