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…
Latest Apparel Sector News & Updates
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…