The textile and apparel sector, which welcomed the move by the Central government to suspend import duty on cotton till December 31, has said the government should address the issues related to manmade fibre Quality Control Orders and should extend two years moratorium for repayment of principal amount to meet the challenges of the U.S. tariff.
S.K. Sundararaman, chairman of the Southern India Mills’ Association, and Ravi Sam, vice-chairman of the Cotton Textiles Export Promotion Council, told the media in Coimbatore on Thursday that the government should provide 30% collateral-free loan under ECLGS with 5% interest subvention as extended during Covid period, enhance export benefits relating to duty drawback, RoSCTL (Rebate of State and Central Taxes and Levies) / RoDTEP (Remission of Duties and Taxes on Exported Products), extend RoSCTL for five years and extend pre and post shipment credit to all textile product exports including yarn.
