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Textile industry wants 6-month extension for duty-free cotton imports - The Economic Times

India's textile industry requests a six-month extension for duty-free cotton imports beyond October 31. This plea comes as cotton yarn prices have significantly increased, impacting apparel exporters. Domestic cotton production has declined for six consecutive years, raising availability concerns. Farmers worry that extended duty-free imports could suppress prices during the upcoming harvest. The government's previous duty waiver aimed to stabilize cotton prices and boost industry supply.