India waives 11% cotton import duty till Oct 30, 2026 to plug 45 lakh bale supply gap
Centre suspends 11% cotton import duty from Jun 1 to Oct 30, 2026 as domestic supply of 292.15 lakh bales trails 337 lakh bale demand. Move targets 10-15% price surge squeezing textile and apparel makers losing ground to Bangladesh and Vietnam, with imports already covering 15% of cotton and 20% of yarn needs.
Government waives 11% cotton import duty from June 1 to October 30 to ease input costs for textile and apparel manufacturers facing 10-15% price surge, supply shortfall of 45 lakh bales, and competitive pressure from Bangladesh and Vietnam.