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Indian cotton imports unlikely to be dented by new tax, says trade body The country is expected to produce 36 million bales in the current marketing year, against local demand of 33 million bales, though supply of extra long staple cotton is negligible, the CAI says. Reuters Reuters India s imposition of 10 percent duty on cotton imports is unlikely to dent buying, the head of the Cotton Association of India (CAI) told Reuters. The 10 percent import duty imposed by the world s biggest cotton producer was announced by Finance Minister Nirmala Sitharaman in her budget speech to parliament on Monday. There won t be any impact on imports. The textile industry needs extra long staple cotton, said CAI s president, Atul Ganatra, adding that this type of cotton is in short supply on the domestic market.

Republic ofUnited statesNirmala sitharamanAshok junejaAssociation of indiaIndia textile associationFinance minister nirmala sitharamanAtul ganatraகுடியரசு ஆஃப்ஒன்றுபட்டது மாநிலங்களில்அசோக் ஜுனேஜாசங்கம் ஆஃப் இந்தியாஇந்தியா ஜவுளி சங்கம்ஆதுள் கணத்ரா