India's textile manufacturers gain as government scraps cotton import duty

Indo Count Industries

01/06/2026 06:03

** Shares of India's textile manufacturers rise 5% to 11% after the scrapping of cotton import duty
** India scraps customs duties on cotton imports for five months seeking to boost supplies for textile exporters amid strong overseas demand for yarn
** Vardhman Textiles VART.NS up 6.1%; Welspun Living WLSP.NS rises 5.2%; Trident TRIE.NS gains 3%
** Indo Count Industries ICNT.NS rises 7%; Sportking India SPOT.NS jumps 11.2%  
** YTD, VART up 41.1%, WLSP up 11.4%, TRIE down 7.1%, ICNT up 17.8%, and SPOT up 109.9%     

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))