TN CM presses Modi to scrap 11% cotton import duty as prices jump 25% in two months
Cotton candy prices have climbed from ₹54,700 to ₹67,700 (₹301 to ₹330/kg) in two months, squeezing Tamil Nadu's textile and apparel exporters. CM Vijay warns raw material shortages threaten jobs and is urging immediate removal of the 11% import duty to stabilise the supply chain.
Tamil Nadu CM Vijay urged PM Modi to scrap the 11% cotton import duty as prices surged 25% in two months, hurting the state's textile and apparel exporters facing raw material shortages and threatening jobs.