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Textile stocks set for re-rating as government waives duty on extra-long staple cotton

Lovisha Darad   •

The government's decision to waive import duty specifically applies to extra-long staple (ELS) variety cotton, which includes premium types like US Pima and Egyptian Giza

The government's exemption of import duty on extra-long staple cotton will have a positive impact on spinners and the entire value chain, said analysts

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