 "Textile industry urges govt to make cotton available at cheaper price than imports")
The textile industry urged the government to make cotton available for textile mills at prices cheaper than the prevailing prices in the international markets.
Currently available at marginally higher prices in local markets than the prevailing prices in the international markets, costly raw materials make exportable goods uncompetitive
India has become the largest producer of cotton in the world leaving behind China.
"Despite around 35 million bales of domestic output, cotton price works out costlier from local sources resulting into its rising imports," said R K Dlamia, Chairman, Texprocil.
Apart from that, Dalmia requested eariest implementation of Goods and Services Tax and rethink on the Free Trade Agreements (FTAs) with major consuming countries like Canada.
