A memorandum was submitted to Nirmala Sitharaman, Minister of State (Independent Charge) for Commerce & Industry by Cotton Textiles Export Promotion Council (TEXPROCIL), Southern India Mills’ Association (SIMA), Indian Cotton Federation (ICF), Confederation of Indian Textile Industry (CITI), South India Spinners Association (SISPA) and other stake holders. The memorandum discoursed that for “Make in India” to be a feasible proposition, the government should ensure that raw material costs, costs of converting raw material to finished goods as well as the tariff should be less than or equal to international prices. The memorandum further sought removal of import duty, the special additional duty, reduction in the central excise duty from 12 per cent to 6 per cent and removal of the anti-dumping duty so that the industry and products become globally competitive.
