India cotton council has mixed feelings about new policy
August 31, 2009,
New Delhi – The chairman of India’s cotton export council both hailed and criticized the government’s new trade policy, which will pursue trade for India’s goods in 26 new markets in Latin America, Asia and Africa.
While happy the policy incorporates finished textiles, knitted fabrics, crochet fabrics and synthetic fabrics, Velayutham said he was disappointed as products such as woven fabrics and denim were not included.
He also expressed displeasure with an additional duty credit of 1% and urged the government to raise the duty entitlement passbook rates for fabrics.
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