Textile industry urges lower cotton import duty and a strategic reserve to revive mills

Published on 7 May 2026

Cotton prices are squeezing mills as output slips

India’s textile industry is calling on the government to cut cotton import duties and set up a strategic cotton reserve, saying high cotton prices and falling production are hurting mills. The sector also wants easier credit access to help sustain operations. Together, these steps are aimed at boosting competitiveness against global rivals and keeping production steady.

High cotton prices are pressuring Indian textile mills
Industry wants import duty cuts to improve raw material costs
A strategic cotton reserve is proposed to prevent shortages
Better credit access is seen as vital for mill survival

#credit access #strategic reserve #cotton #import duty #textile industry

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Textile industry urges lower cotton import duty and a strategic reserve to revive mills

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