The AEPC is urging the government to eliminate the cotton import tariff from the budget

 The AEPC is urging the government to eliminate the cotton import tariff from the budget

01 February 2022, Mumbai:

In order to stimulate apparel exports, the Apparel Export Promotion Council has asked the government to eliminate import duties on cotton in the 2019 Union budget. In an interview with Asian News International, AEPC chairman Narendra Goenka said, "We need to abolish the import tariff on raw cotton."

"Raw material prices in India are really expensive, thus it's our main requirement." Cotton prices have risen by over 70% to 80% in recent year. The reduction of the 11 percent import charge on cotton might be one answer. In order for mills to be able to import cotton at a lesser cost."

Cotton price hits decade high

"Cotton and yarn costs have increased by 70-80%, posing a challenge for garment exports," Goenka added. "So it is our budget's key one-point need."

The AEPC has also emphasized the need of expanding India's manufacturing capacity, signing free trade agreements with other nations, and promoting Indian clothing internationally through export promotion campaigns. Because these commodities are normally shipped out of India, the AEPC also advised that the government give duty-free facilities for importing trims and decorations. 

"Until two years ago, trimmings and decorations such as tags, labels, and buttons that are used for branding and are nominated by the customers were permitted duty-free," Goenka explained. "That facility was withdrawn, and we are demanding that it be reinstated since we need to import those trimmings from purchasers' designated sources."

The AEPC was founded in 1978 and is India's official organization for clothing exporters. According to its website, the AEPC has ten offices across India and conducts training programmes for the garment sector.

CREDITS: Fashion Network

Latest Apparel News 

Follow us on Linkedin & Youtube.

Subscribe to our newsletter.

Powered by:

Virtual Fashion

Advertise here. 

Author’s Posts

  • Tamil Nadu Textile Sector Begins Strong Recovery

    Tamil Nadu Textile Industry Shows Signs of Recovery
    After ...

    May 22, 2025

  • Shahid Kapoor Joins Taapsee Pannu for Vogue Eyewear India

    BRAND ANNOUNCEMENT | VOGUE EYEWEAR WELCOMES SHAHID KAPOOR, WHO JOINS TAAPSEE PANNU AS ITS BRAND AMBAS...

    May 22, 2025

  • 3rd Morocco International Yarn & Fabric Sourcing Show 2025

    3rd Morocco International Yarn & Fabric Sourcing Show 2025

    May 13, 2025

  • India’s Apparel Exports: Big Potential, Low Share

    Despite having the world’s second-largest vertically integrated textile industry, India’s share...

    May 05, 2025

  • CITI: India must engage U.S. on tariffs

    "Bridging the Information Gap in the Textile and Fashion Industry."

    DFU
    Inside Fashion Vol. 23 No. 2
    Azad
    EasiTex