India scraps cotton import duty to aid textile firms
The Indian government has suspended the 11% customs duty on cotton imports until October 30 to help textile exporters access contamination-free fiber. While the move supports domestic supply chains, industry experts expect limited immediate imports as local prices remain globally competitive.
Xurve View
Xurve View
India suspended its 11% customs duty on cotton imports for five months on Saturday afternoon to assist textile exporters. The waiver runs through October 30 to secure contamination-free fiber amid rising input costs. As the world's second-largest cotton producer, India's move is likely to lend support to global prices but may be limited by domestic price advantages and currency depreciation.
