Import duties on cotton in India, as noted by Supima’s CEO Marc Lewkowitz at Cotton Day 2023, pose concerns for Supima cotton shipments, acting as a deterrent for brands sourcing within India.
The imposition of import duties on cotton in India has stirred concerns, particularly in the context of Supima cotton shipments.according to Marc Lewkowitz, the President and Chief Executive Officer of Supima. Lewkowitz, attending the Cotton Day 2023 program organized by Cotton USA in Coimbatore, highlighted that the import duty acts as a deterrent for brands seeking to source products made of Supima cotton within India.
Impacts on Supima Cotton Shipment and Global Shortage Challenges
One of the notable consequences of this duty is its impact on the shipment of cotton to India, limiting opportunities for Indian textile mills. Lewkowitz emphasized that this duty seems counterproductive, especially considering the minimal production of Suvin, the Indian extra-long staple cotton. He pointed out that there is little to protect in India by imposing duties on Supima, an extra-long staple U.S. cotton variety.
There’ss a global shortage of extra-long staple cotton this year, compounding the challenges faced by the textile industry. This shortage exacerbates the impact of import duties, limiting the availability of crucial raw materials for textile mills.
U.S. Cotton Trust Protocol’s Collaborative Drive for Sustainability
In response to these challenges, the U.S. Cotton Trust Protocol and Supima have joined forces to enhance supply chain traceability and provide access to farm-level, science-based data. The collaborative effort aims to ensure transparency and sustainability in the cotton supply chain. Lewkowitz shared positive news about the initiative. He reports that the project has successfully uploaded details for 17,000 tons of fiber in the first four months. This early success demonstrates the commitment to establishing a robust and traceable supply chain, despite the prevailing challenges.
The textile sector is grappling with the dual challenges of import duties and a global shortage of extra-long staple cotton. Collaborative initiatives like the U.S. Cotton Trust Protocol become crucial in navigating the complexities of the industry. Efforts towards supply chain transparency and sustainability are vital for addressing current challenges. They are also fostering a resilient and thriving textile sector in the long run. It remains to be seen how stakeholders, including policymakers, will respond to these challenges. They’ll have to work towards a more conducive environment for the textile industry in India.