Government of India suspends 10.5% cotton import duty from 1 June for five months, easing raw material costs for spinning and apparel hubs in Tiruppur, Ludhiana, Surat and Coimbatore. Move backstops $35.7 bn FY26 textile export target against a 3.7 mn bale domestic shortfall.

Mint · Industry · 6/1/2026, 5:33:32 AM