Updated:
April 02, 2021 16:35 IST
The step would send a negative message to foreign buyers as cotton yarn was not available in the country, stakeholders say, adding that prices of cotton yarn have increased after the decision.
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The textile export sector, which was already under pressure due to the COVID-19 pandemic, has been continuously demanding duty-free import of cotton yarn from all over the world, including India, to avert any big loss to textile exports.
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Reuters
The step would send a negative message to foreign buyers as cotton yarn was not available in the country, stakeholders say, adding that prices of cotton yarn have increased after the decision.
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