Coimbatore, June 1 (IANS) The Tiruppur knitwear and textile industry has welcomed the Centre’s decision to temporarily remove customs duty on cotton imports, describing it as a timely intervention that will help reduce production costs, improve raw material availability, and enhance the global competitiveness of India’s textile and apparel exports. The Centre has announced a temporary exemption from all customs duties on cotton imports from June 1 to October 30, a move aimed at addressing co…
Latest Textile Industry News & Updates
New Delhi, May 30 (IANS) The government’s decision to temporarily exempt all customs duties on cotton imports will improve raw material availability and ease pressure on the textile and apparel value chain, the industry said on Saturday.Welcoming the government’s move, the Apparel Export Promotion Council (Apparel Export Promotion Council) said the measure is expected to reduce input costs, improve cotton availability, and enhance the competitiveness of Indian textile and apparel exports, partic…
Chennai, May 27 (IANS) The textile and apparel industry of Tamil Nadu is preparing for a major export push into European and British markets as upcoming free trade agreements are expected to improve competitiveness and reduce dependence on the United States market.Industry stakeholders believe the proposed trade agreements with the European Union and the UK could significantly expand India’s share in global textile exports by creating tariff parity with competing manufacturing hubs.Exporters s…
New Delhi, May 20 (IANS) The government launched the Bharat Tex 2026 Event App on Wednesday to boost AI-driven networking and business matchmaking at India’s flagship global textile event, according to an official statement.The digital platform that was launched by Neelam Shami Rao, Secretary, Ministry of Textiles, is designed to enhance the experience of buyers, international delegates, speakers, sourcing consultants, partners, exhibitors and visitors, while supporting the scale and ambition …
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…
Washington, May 14 (IANS) US lawmakers from both parties intensified pressure on President Donald Trump ahead of his summit with Chinese President Xi Jinping, urging him to confront Beijing on issues ranging from North Korean refugees and political prisoners to trade barriers, fentanyl and American manufacturing.In one of the sharpest bipartisan appeals, Congressman James Walkinshaw and Senator Tim Kaine urged Trump to press China to stop forcibly returning North Korean refugees, warning that th…
New Delhi, May 12 (IANS) The global fuel price shock has shattered Pakistan because of the country’s heavy reliance on imported energy and its weak balance-of-payments position, taking its monthly trade deficit ballooned to $4.07 billion in April, according to a new report.The April figures are Pakistan’s highest level since June 2022, further straining the fragile economy, reports Dawn.The massive 43.5 per cent month-on-month jump in the trade gap “was anticipated due to energy supply dis…
Surat, May 2 (IANS) Micro, small, and medium enterprises (MSMEs) were identified as a key driver of India’s push towards global competitiveness and self-reliance during discussions at the MSME Conclave held as part of the Vibrant Gujarat Regional Conference (VGRC) in Surat. At the programme, experts focused on digital transformation, supply chain integration, and international market access.The session, held at Auro University on the second day of the conference, centred on productivity …
Coimbatore, April 13 (IANS) With the Tamil Nadu Assembly elections fast approaching on April 23, Tirupur’s textile hub — traditionally energised during poll season — is witnessing an unusual slowdown, as demand for election-related merchandise has dropped sharply this year. Manufacturers across Tirupur, long regarded as the backbone of election campaign material production, say evolving political strategies have significantly reduced orders. Parties are now focusing more on digital outreach …
Amaravati, April 1 (IANS) Fulfilling an election promise, the TDP-led coalition government in Andhra Pradesh on Wednesday launched a free electricity scheme for weavers. Chief Minister N. Chandrababu Naidu said the initiative aims to provide financial relief and stability to lakhs of handloom weavers by reducing their electricity charges.Under the scheme, 200 units per month will be provided free of cost for handlooms, and 500 units per month will be provided free for power looms.The sc…