Tamizhaga Vivasayigal Sangam urges government to reconsider stand on import duty on cotton
Tamizhaga Vivasayigal Sangam has urged the government to reconsider its decision on the removal of import duty on cotton. The organization argues that this move could harm the Indian textile industry and highlights the need for better market requirement assessments. They also emphasize the importance of tripartite contract farming and reducing input costs for cotton cultivation.
- ▪Tamizhaga Vivasayigal Sangam petitioned the Chief Minister regarding the import duty on cotton.
- ▪The association claims that the removal of the duty could negatively impact the textile industry.
- ▪They advocate for tripartite contract farming to benefit farmers, industry, and the government.
Opening excerpt (first ~120 words) tap to expand
Tamizhaga Vivasayigal Sangam on Saturday highlighted the hazards that may follow the removal of import duty on cotton by the Centre.In a petition to Chief Minister C. Joseph Vijay, State organising secretary of the association S. Ranganathan said increase in cotton price was a temporary phenomenon around the world. The premise that the removal of import duty would benefit Indian textile industry was flawed, Mr. Ranganathan explained, submitting data on cotton production.While cotton production flourished over the past six decades, there was difficulty in determining market requirement, leading to the country importing cotton.It will be in the interests of the State and the rest of the country to give effect to tripartite contract farming, involving the government, industry and…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Hindu — Top.
Discussion
0 commentsMore from The Hindu — Top
