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India'S Textile Industry Needs The Help Of The Government.

2008/7/12 13:16:00 20

India'S Textile Industry Needs The Help Of The Government.

In the interest of rising input costs and shortage of cotton supply, India's textile industry calls for immediate and important measures, including the abolition of import duties on cotton and the prohibition of export of cotton, to prevent the collapse of the textile and garment sector. In the past few months, there has been a lot of work reduction in India's textile and clothing supply.


After meeting with federal ministers of finance, commerce and textiles, representatives of the India textile industry have sought to interfere with Prime Minister Mohan Singer, asking Prime Minister Singer to announce relief policies for the textile industry to prevent job cuts and unit closures.


Patodia, chairman of the India Textile Industry Federation, said that the textile industry has been severely hit by the shortage of cotton and the increase in input costs. 350 thousand people have lost their jobs this year, due to the decline in exports and high input costs.


Patodia said that because of the speculative operation of international traders, cotton has been sold from the market, and cotton prices in India have increased by 35-40% in the past year.

Tamil Nader in the south.

100 thousand workers were unemployed in provinces, Karnataka and Kerala.

He asked the prime minister to cancel import duties on cotton, ban all cotton exports and provide cheap deduction.

At the same time, periodic assessment of the cotton demand mechanism in India's textile industry needs to be developed, and only when there is surplus can cotton exports be allowed.

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