Tamil Nadu CM seeks cotton import duty removal as yarn prices spike to ₹330/kg
CM Stalin urged PM Modi to scrap cotton import duty as Tamil Nadu's textile sector faces a crisis with yarn prices climbing from ₹301 to ₹330 per kg. Met CII in Chennai to push investments and ease of doing business agenda.
Tamil Nadu CM met CII to discuss investment and ease of doing business, while urging PM Modi to remove cotton import duty amid a textile sector crisis driven by yarn price hikes from Rs 301 to Rs 330 per kg.
Why this matters
Tamil Nadu, India's textile hub, is escalating cotton input cost pressures to the Centre while courting industry via CII engagement to defend its manufacturing competitiveness.
Retail-company signals steady at 343 in the last 90 days.