India extends cotton import duty exemption to Dec. 31, 2026
In short
India has extended the customs duty exemption on cotton imports until December 31, 2026.
The move is meant to help textile and apparel makers get more raw material and reduce costs, especially for MSMEs. The reporting does not say how much the change will affect imports or prices.
What the reporting says
India extended the customs duty exemption on cotton imports until December 31, 2026. The move, reported by Economic Times, is meant to improve raw material availability for the textile and apparel industry and ease input cost pressure for manufacturers, including MSMEs. The reporting does not say whether any other policy changes were announced or how much imports may rise.
Why it matters
India extended the cotton import duty exemption until December 31, 2026, according to the reported summary. The policy is aimed at improving raw material supply for textile and apparel makers and reducing input cost pressure, especially for MSMEs. The reporting does not give a fiscal cost, import volume target, or details on which firms will benefit most.