Vardhman Group welcomes govt’s decision to allow duty-free cotton imports

The Vardhman Group has welcomed the central government’s decision to allow the duty-free import of cotton into the country till December 31, 2025.

SP Oswal, Chairman of the Vardhman Group, said the move would provide relief to textile industry, which has been sailing through tough times due to global business uncertainties, triggered largely by geopolitical factors over the past few years.

Oswal added that being export-oriented, the textile industry has faced challenges similar to those faced by other export-dependent sectors.

"We assure the Government of India that the industry will be prepared to make necessary sacrifices in view of the gruelling circumstances to protect national interests," he noted.

Oswal further expressed confidence that the government would give due consideration to the representations made by the industry through Texprocil and other associations.

He said addressing these issues would be crucial to enhance the industry’s global competitiveness and mitigate the present crisis.