India, June 1 -- The Indian government has announced a temporary exemption on cotton import duty from June 1, aiming to ease raw material costs and ensure adequate cotton availability for the textile and apparel industry. The move comes amid concerns over elevated cotton and yarn prices affecting manufacturers.

The policy is expected to support textile exporters and downstream industries by improving cost efficiency and global competitiveness. However, the increased availability of cheaper imported cotton could create challenges for domestic cotton farmers and ginners by putting pressure on local prices and demand.

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