Import Duty Exemption on Cotton Extended Until 2025
The Indian government has extended the import duty exemption on cotton until December 31, 2025, to enhance the competitiveness of the textile industry while protecting domestic farmers. This strategic move aims to stabilize raw material costs, support employment in the textile-apparel sector, and ensure a steady supply of high-quality cotton, which is crucial for the industry. Cotton textile exports represent 33% of India's total textile exports, benefiting farmers and the economy.
Source: Original Link