Chennai, March 5 (IANS) Exports of textiles, garments and wet grinders from Tamil Nadu’s Coimbatore are facing significant delays as the escalating conflict in West Asia disrupts cargo movement through key international sea routes, affecting trade with Gulf countries and other overseas markets, officials said on Thursday. Exporters say the situation has worsened following the closure of the Strait of Hormuz, a crucial maritime passage for global shipping.Cargo vessels that normally pass through …
Latest Southern India Mills Association News & Updates
New Delhi, Feb 4 (IANS) Experts on Wednesday welcomed the United States’ decision to reduce tariffs on Indian imports and exports to 18 per cent, saying the move will strengthen bilateral trade and provide major relief to the textile industry.Speaking to IANS, agricultural economist Dr R.S. Ghuman said that under the World Trade Organisation (WTO) framework, such high tariffs should ideally not be imposed, as they restrict the potential of bilateral trade.“With tariffs now reduced to 18 per …
Chennai, Feb 2 (IANS) The Tamil Nadu textile industry, a cornerstone of India’s textile and apparel exports, has broadly welcomed the Union Budget’s thrust on infrastructure, skilling and export facilitation, but has cautioned that retaining the 11 per cent import duty on cotton could dilute the impact of these reforms.Industry leaders from Tamil Nadu and other major manufacturing hubs say timely access to quality cotton at globally competitive prices is crucial to safeguarding export commit…