Tamil Nadu CM presses Modi to scrap 11% cotton import duty as yarn costs squeeze garment exporters
CM Vijay flagged a 25% spike in cotton prices—from ₹54,700 to ₹67,700 per candy—and yarn climbing from ₹301 to ₹330/kg, warning the 11% import duty is eroding competitiveness for India's largest textile-exporting state and threatening jobs across the apparel value chain.
TN CM Vijay urged PM Modi to scrap the 11% cotton import duty, citing a 25% surge in cotton prices and rising yarn costs threatening garment exporters' competitiveness and jobs in India's largest textile-exporting state.