INDIAN TEXTILE INDUSTRY SEEKS REMOVAL OF DUTY ON COTTON IMPORTS

As domestic cotton prices continue to rise, the Indian textile industry has urged the government to allow the duty-free imports of cotton to protect the export competitiveness and stabilise the value chain. Cotton prices have been climbing steadily in recent weeks, putting pressure across the textile ecosystem -- from spinning mills to garment exporters. Till now spinning mills have managed to sustain operations despite elevated cotton prices. However, if the trend continues, even this segment could face disruptions. If the government removes import duty on cotton imports, then companies like

, , could benefit from this.