Pakistan lifted a nearly two-year old ban on Indian sugar and cotton imports, government sources said, a step towards reviving suspended trade between the two nuclear-armed neighbours.
Cotton imports into the country continue to rise with local prices (minimum support price) being higher than international prices, according to the latest edition of India Ratings and Research (Ind-Ra) credit news digest on India’s textile sector.
The Chairman of The Cotton Textiles Export Promotion Council (TEXPROCIL) Ujwal Lahoti in his speech at the 63rd Annual General Meeting of the Council requested the government to also address the issue of “Embedded Central / State Levies”.
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