Centre’s move to remove import duty on cotton will hit farmers hard, fears CPI
CPI State secretary G. Eswaraiah has called on Chief Minister N. Chandrababu Naidu to withdraw proposals to remove the 11% import duty on cotton. He argues that such actions would severely impact cotton farmers, who have already faced significant losses. The CPI leader claims that previous decisions have led to a financial crisis for domestic farmers while benefiting traders and corporations.
- ▪CPI leader G. Eswaraiah urged the Chief Minister to intervene against the removal of import duty on cotton.
- ▪He claims that the Centre's previous decision to remove import duties caused farmers to lose over ₹36,000 crore.
- ▪Eswaraiah described the proposed measures as 'anti-farmer and pro-corporate' and warned of worsening conditions for cotton growers.
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CPI State secretary G. Eswaraiah has urged Chief Minister N. Chandrababu Naidu to intervene and withdraw proposals seeking removal of the 11% import duty on cotton and restrictions on cotton exports from India, alleging that such measures will severely harm cotton farmers.In a letter addressed to the Chief Minister on Wednesday, Mr. Eswaraiah referred to reports stating that Union Minister Piyush Goyal had discussed cotton price stabilisation measures with Union Minister Kinjarapu Rammohan Naidu, MP Lavu Sri Krishna Devarayalu and others. According to the reports, proposals were made to remove the 11% import duty on cotton and regulate exports.The CPI leader alleged that the Centre’s decision in 2025 to remove the import duty had caused massive losses to cotton farmers across the country.
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