India extends cotton import duty exemption till December 31

The Indian government has extended the customs duty exemption on cotton imports until December 31. This move aims to support the textile industry by ensuring a steady supply of raw materials. The exemption will give manufacturers more flexibility to source inputs at lower costs, helping to offset the impact of domestic cotton prices that have remained firm due to production concerns. This decision is expected to benefit the textile industry and potentially boost economic growth in India.

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The extension of the customs duty exemption on cotton imports will support the textile industry. This decision could lead to increased production and lower costs for textile manufacturers.

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