For the economy and the textile industry, GST 2.0 reforms are undoubtedly a landmark step. The reduction in manmade fibres from 18% to 5% and synthetic yarn from 12% to 5% will substantially strengthen the country’s textile industry while enhancing its competitiveness and stimulating
India has scrapped import duties on cotton between August 19 and September 30, offering short-term relief to its textile and apparel sector as it battles rising global trade pressures. The government order, issued late Monday, fulfills a long-standing demand from industry groups who argued that duty-free cotton imports would make Indian manufacturers more competitive.













