TN CM presses Modi to scrap 11% cotton import duty as prices jump 25% in two months

Cotton candy prices have climbed from ₹54,700 to ₹67,700 (₹301 to ₹330/kg) in two months, squeezing Tamil Nadu's textile and apparel exporters. CM Vijay warns raw material shortages threaten jobs and is urging immediate removal of the 11% import duty to stabilise the supply chain.

— FiledThu, 14 May, 2026, 19:35 IST·First seen Thu, 14 May, 2026, 19:46 IST·Source The Hindu BusinessLine

What happened

Government of Tamil Nadu · Tamil Nadu CM Vijay urged PM Modi to scrap the 11% cotton import duty as prices surged 25% in two months, hurting the state's textile

Key facts

  • 11% import duty
  • ₹54,700 to ₹67,700 per candy
  • 25% increase
  • ₹301 to ₹330 per kg

Why this matters

Scout distressed spinning and ginning assets in Tamil Nadu over the next two quarters, as duty-driven margin stress could surface attractively priced bolt-on targets if Delhi delays action.