India’s Textile Exporters Seek Removal of Cotton Import Duty...

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2026-04-07 05:11:53 -

India’s Textile Exporters Seek Removal of Cotton Import Duty Amid Price Surge

India’s textile and garment exporters have urged the central government to suspend the 11% import duty on cotton, citing a sharp rise in domestic prices that has significantly eroded margins and weakened their global competitiveness. Domestic cotton prices have increased by 7%––8% over the past month, driven by a surge in demand as higher crude oil prices pushed up the cost of...

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