1 month ago
2
CPI State caput G. Eswaraiah has urged Chief Minister N. Chandrababu Naidu to intervene and retreat proposals seeking removal of the 11% import work connected fabric and restrictions connected fabric exports from India, alleging that specified measures volition severely harm fabric farmers.
In a missive addressed to the Chief Minister connected Wednesday, Mr. Eswaraiah referred to reports stating that Union Minister Piyush Goyal had discussed fabric terms stabilisation measures with Union Minister Kinjarapu Rammohan Naidu, MP Lavu Sri Krishna Devarayalu and others. According to the reports, proposals were made to region the 11% import work connected fabric and modulate exports.
The CPI person alleged that the Centre’s determination successful 2025 to region the import work had caused monolithic losses to fabric farmers crossed the country. He claimed farmers mislaid much than ₹36,000 crore owed to falling fabric prices, with marketplace rates dropping to astir ₹6,000 per quintal contempt the Minimum Support Price being fixed astatine ₹10,075.
Mr. Eswaraiah said fabric traders, spinning mills and textile corporations were benefiting from cheaper overseas cotton, portion home farmers suffered dense fiscal losses. He besides alleged that the Cotton Corporation of India incurred important losses owed to unsold stocks pursuing the terms crash.
Describing the projected measures arsenic “anti-farmer and pro-corporate,” the CPI person warned that further relaxation of import duties and export restrictions during the 2026 kharif play would deepen the agrarian situation and summation distress among fabric growers.
