Textile stocks rally up to 13% as Centre suspends 11% cotton import duty till October

Indo Count surged 13% to ₹353.90, Vardhman +8%, Gokaldas Exports +6%, Arvind +6% and Welspun Living +5% after the Centre suspended the 11% cotton import duty from June 1 to October 31. The move aims to lower input costs for the MSME-heavy textile sector and support India's $100 billion textile export target by 2030.

— Source publishedMon, 1 Jun, 2026, 13:00 IST·First seen Mon, 1 Jun, 2026, 13:04 IST·Source The Hindu BusinessLine

What happened

Indo Count Industries · Centre suspended 11% cotton import duty from June 1 to October 31, sending textile stocks like Indo Count, Arvind, Gokaldas, Welspun

Key facts

  • 11% import duty suspended
  • Indo Count +13% to ₹353.90
  • Vardhman +8% to ₹622
  • Gokaldas +6% to ₹734.80
  • Welspun +5% to ₹146
  • Arvind +6% to ₹502.80
  • $100 billion exports target by 2030

Why this matters

The temporary policy window aligns with India's $100B textile export ambition by 2030, opening a tactical runway for capacity expansion, sourcing realignment, and M&A among export-oriented players.