After consulting with the Ministry of Agriculture, we will review the import duty on cotton - Piyush Goyal

After consulting with the Ministry of Agriculture, we will review the import duty on cotton," said Piyush Goyal, the Union Minister for Textiles, Commerce and Industry, Consumer Affairs, Food, and Public Distribution. When asked about the demand from the textile industry to remove the 11% duty on cotton, the minister told The Hindu, "We need to balance the interests of farmers and the industry. We will make a decision after consulting the Ministry of Agriculture.

Regarding the drop in exports of textiles and garments for almost a year, he mentioned that the export of products like jewelry, diamonds, and textiles has decreased due to economic slowdown in several countries, affecting the demand for such products.