India waives 10.5% cotton import duty for 5 months to plug 3.7 mn bale deficit
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.
India waives 10.5% cotton import duty for five months from 1 June to ease raw material costs for textile and apparel exporters, benefiting spinning hubs in Tamil Nadu, Gujarat, Tiruppur and Ludhiana amid a 3.7 million bale deficit.
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- Mint · Industry — Same time