The government has scrapped the 11% import duty on cotton until the end of September. This measure is intended to help the struggling textile industry cope with the new 50% U.S. tariffs, which have severely impacted the sector’s competitiveness. The duty cut is expected to lower the cost of raw materials for Indian textile firms and boost their export potential.
The article notes that the textile industry, which has been in a crisis due to high raw material prices and the U.S. tariffs, has been urging the government for support. The government’s decision is seen as a crucial step to prevent the loss of jobs and a decline in exports, especially in the labor-intensive textile sector.