Indian textile sector seeks rollback of 11% cotton import duty
NewsBytes | May 8, 2026 4:39 PM CST
Textile industry warns $1.2B export loss
A new CITI report points out that rival Asian countries don't have these duties, giving them an advantage.
The industry also suggests creating a strategic cotton reserve and a price stabilization fund to help deal with sudden price spikes and keep mills running smoothly.
If things don't change, India could lose up to $1.2 billion a year as exports fall, a big hit for one of the country's major industries.
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