Centre Suspends 11% Cotton Import Duty Until Oct 30, Gujarat Textile Hub Gains Relief
The Centre's temporary suspension of the 11% cotton import duty through October 30 eases input cost pressure on Gujarat's textile value chain, where domestic cotton has surged to Rs. 68,500 per candy (US $719). The move offers short-term margin relief amid weak demand, but reverts post-deadline.
Centre's suspension of 11% cotton import duty until 30th October brings relief to Gujarat's textile industry, easing cost pressures across the value chain amid surging cotton prices and weak demand conditions affecting profitability.
Why this matters
Gujarat's textile hub has faced sustained margin pressure from elevated domestic cotton prices near Rs. 68,500/candy. The temporary duty waiver offers a narrow window of input cost relief before the November reversion.
Retail-company signals steady at 2,317 over the last 90 days, indicating consistent sector activity.