India Textile Federation Pointed Out That There Are Potential Risks In Encouraging Cotton Export Policy.

India Spin The Federation of industry (CITI) has pointed out that vested interests strive to obtain raw cotton exports. reward 。 Shri S.V. Arumugam, chairman of the India Textile Industry Federation (CITI), wrote to the Minister of Commerce, Ministry of industry, commerce and agriculture, and said that although the export of raw cotton is necessary, it is not subject to any restrictions, and as long as exports can be rewarded, this will lead India cotton to enter other textiles at a lower price. compete Country.

Shri S.V. Arumugam pointed out that in the year of 2008-09, the government provided cotton export incentives, which led cotton exporters to receive about 10 billion rupees. The export of raw cotton, which has been rewarded, has entered the competitive country, which has damaged the domestic textile industry in India. Moreover, the government has to add 20 billion rupees to ease the difficulties of the affected textile industry.

He asked the government not to provide any form of subsidy to cotton exports because subsidies were unnecessary. Subsidies have undermined the employment opportunities in the textile industry and led to massive outflow of funds from the state treasury. He said there is absolutely no need to protect farmers because they have been fully protected from high support prices, and cotton is their most willing to grow. crops 。