Home / Knowledge / News / Textiles / Pawar at strife with FM on scrapping cotton import duty
Pawar at strife with FM on scrapping cotton import duty
Jul '08
Abolition of import duty on cotton may have brought relief to manufacturers in textile and garment industry but there is another section within the government disappointed with this move.

Mr Sharad Pawar, Agriculture Minister, leads this section and has expressed discontent over the decision and displeasure over not being consulted before taking such a step. He has asked the Finance Minister to review the measure on grounds that it was not in the best interest of the farmers.

Earlier, the Government has abolished 14 percent customs duty on cotton to meet the demand of yarn producers who complained of high prices of raw material. Besides, it had also withdrawn export incentives in form of one percent duty drawback.

Mr Sharad Pawar is instead in favor of increasing the customs duty to 20 percent as this could effectively safeguard the interest of farmers who had actually started getting better remunrative returns due to soaring domestic and export demand.

However, Government initiated this measure considering the fact that cotton prices have spiked by 42 percent since January this year, increasing the prices of yarn and thereby the cost of production for millers.

Cotton production posted remarkable results this year and the Agriculture Minister strongly believes that this was made possible with of adoption of BT cotton, remunerative prices and favorable climatic conditions. He therefore advocates that farmers must be given due support if this upward trend has to be sustained in the future as well.

Related news

Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Jurgen Gauger

‘Buying crowdsourced or creative designs are much more appealing to the...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search