Fall in cotton import duty to boost apparel exports

India’s apparel exports are expected to rise further as import duty on raw cotton reduces from the current10 per cent, opines A Sakthivel, President, Federation of Indian Exporters’ Organization. Prices of yarn and fabrics will soften, he adds. Moreover, signing of CEPA with UAE and Australia will also accelerate India’s share in apparel exports in the US and many countries. India’s textile and apparel exports to Australia have grown by 2 per cent over the last five years and reached $6.3 billion in 2020. India’s share in Australia’s total textile and apparel imports is likely to rise further with the signing of Economic Co-operation and Trade Agreement (ECTA) between India and Australia.