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Explained: Why Gokaldas Exports, KPR Mill and other textile stocks soared up to 8% on Monday
Textile stocks such as Gokaldas Exports, KPR Mill, Vardhman Textiles and Trident rallied up to 8% after the government exempted cotton imports from customs duty for five months, effective June 1. The move, valid until October 30, is expected to improve raw material availability and lower input costs for textile and apparel manufacturers, particularly small and medium enterprises.
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timesofindia.indiatimes.com
Govt waives cotton import duty till October 30 to boost supplies, ease input costs
The government has exempted all customs duties on cotton imports for five months till October 30, 2026, in a move aimed at improving cotton availability for the domestic textile…
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thehindubusinessline.com
Textile industry welcomes cotton import duty waiver to ease costs and boost exports
Textile industry backs cotton duty waiver, saying it will ease raw material costs, bridge supply gaps and improve India's export competitiveness.
