Southern india mills' association - Latest News Update, Information, Photos & Videos on Southern india mills' association at Lokmat Times

Indian textile mills face hardships as international buyers are not placing orders due to cotton shortage in the market.Ravi Sam, Chairman of the Southern India Mills Association, said, "The duties on the import of cotton should be removed immediately as it is badly affecting the textile industry in India."He said, "We have taken it very strongly with the Finance Minister to remove the import duty from cotton."Sam further added the fear the country's farmers will be affected is not true.He stated, "If the import duty is removed today itself, the import of cotton will start in the month of May and by then, the Indian farmers would have sold off their cotton and made a considerable amount of money and will be ready for sowing for the next season."He further added, "The international traders are propagating that the removal of import duty will affect farmers badly but in fact, the textile industry will be doomed if the duty is not removed.""The import should be allowed to the end-user only and not the international traders who try and hold them creating a further crisis for the Industry," Sam stated.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Southern India Mills' AssociationFOLLOW

Southern india mills' association, Latest News

National :TN: CITI, SIMA release joint statement on alleged migrant attacks

In a bid to dial down the panic among migrant labourers working in Tamil Nadu, the Southern India Mills' ... ...

National :Tamil Nadu: Indian textile mills face hardships due to cotton shortage in market

Indian textile mills face hardships as international buyers are not placing orders due to cotton shortage in the market. ...