The Economic Times

Textile industry seeks cotton import duty cut as prices surge 25%, output falls short

Indian textile makers are urging the government to abolish the 11% import duty on raw cotton. Domestic prices have surged by 25% in two months. Production is also expected to fall short of initial forecasts. Manufacturers face stiff competition from countries with duty-free cotton imports. This demand follows a government mission to boost cotton productivity and self-sufficiency.