India’s Production-Linked Incentive (PLI) scheme for textiles is beginning to reduce dependence on imports of niche textile products while accelerating exports of value-added and technical textiles, according to government data. Launched in September 2021 with an outlay of Rs 10,683 crore (US$
Domestic cotton prices have begun declining following the government’s decision to suspend the 11 percent import duty on cotton from June 1 to October 31, providing relief to spinning mills, textile manufacturers and exporters facing elevated raw material costs. Market participants reported an immediate correction in cotton prices, with further moderation expected as













