India doubles import tax on textile products

New Delhi : India doubled the import tax on more than 300 textile products to 20 percent yesterday as the world's biggest producer of cotton tries to curb rising imports from China.It was the second tax hike on textiles in as many months after an increase on other products includ

Editorial Team Legacy

Published 8 August 2018, 8:00 · Updated 18:12

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India doubles import tax on textile products

New Delhi : India doubled the import tax on more than 300 textile products to 20 percent yesterday as the world’s biggest producer of cotton tries to curb rising imports from China.It was the second tax hike on textiles in as many months after an increase on other products including fiber and apparels last month.The moves are expected to provide relief to the domestic textile industry hit by cheaper imports.

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