Chennai, May 14 (IANS) Tamil Nadu Chief Minister C. Joseph Vijay on Thursday urged Prime Minister Narendra Modi to immediately remove the 11 per cent import duty on cotton, warning that the state’s textile and apparel sector was facing a severe crisis due to spiralling raw material costs. In a letter addressed to the Prime Minister, Vijay said the sharp increase in cotton and yarn prices had put immense pressure on garment manufacturers and threatened the livelihoods of lakhs of workers dependen…
Latest Apparel Sector News & Updates
Mumbai, Feb 11 (IANS) The Indian apparel (exports) sector has been upgraded to ‘Stable’ outlook from ‘Negative’ after the US reduced reciprocal tariffs on Indian goods to 18 per cent from 25 per cent, a report said on Wednesday.The report from ratings agency ICRA restored its outlook on the apparel sector, saying apparel export revenues are likely to rebound 8–11 per cent in FY27 even as shipments are still projected to decline 3–5 per cent in FY26.The report attributed revenue growth to rec…
Washington, Jan 11 (IANS) Bangladesh’s interim government claimed a potential breakthrough in trade discussions with the United States, saying senior US officials had agreed to explore steps that could ease tariffs on Bangladeshi exports and expand market access for its key textile and apparel sector.The claim was made in a post on X by the Chief Adviser of the Government of Bangladesh, which described discussions in Washington involving National Security Adviser Dr. Khalilur Rahman and US Tra…