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Indo Count, Gokaldas Exports, Arvind, Welspun Living rally up to 13% as Centre suspends cotton import duty
Textile stocks rallied sharply in Monday’s trade after the Ministry of Finance suspended the 11 per cent import duty on cotton from June 1 to October 31, offering major relief to the textile industry amid elevated raw material costs.
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thehindubusinessline.com
Centre waives cotton import duty till October 31 to support textile industry and exports
The Centre has removed cotton import duty until October 31, aiming to lower textile input costs, boost exports and ensure adequate cotton supply.
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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.
