Gandhinagar, Feb 1 (IANS) Chief Minister Bhupendra Patel on Sunday said the Union Budget 2026–27, presented by Finance Minister Nirmala Sitharaman, would accelerate India’s reform agenda towards becoming a developed and self-reliant nation, while delivering long-term benefits for Gujarat.CM Patel said, “This Budget moves the reform express forward for a developed and Aatmanirbhar Bharat under the leadership of Prime Minister Narendra Modi.”He said the Budget, prepared at Kartavya Bhavan, is ce…
Latest Textile Industry News & Updates
Surat, Jan 29 (IANS) Textile traders in Gujarat’s Surat are expecting a major boost to business following the announcement of an indefinite strike by Bangladesh’s textile mills beginning from February 1 this year. The strike has been called by the Bangladesh Textile Mills Association (BTMA) in protest against the duty-free import of low-cost yarn from India, which has severely affected Bangladesh’s domestic textile industry.According to industry sources, the influx of cheaper Indian yarn has mad…
New Delhi, Jan 28 (IANS) An industry leader on Wednesday welcomed the India–European Union trade agreement, calling it a transformative opportunity for the textile, chemical and pharma-linked industries, with Prime Minister Narendra Modi’s leadership seen as central to unlocking long-term growth and global competitiveness.Speaking to IANS, Bhadresh Dodhia, Director of Dodhia Synthetics Limited, said the agreement marks one of the most significant moments for the Indian textile sector, as it …
New Delhi, Jan 24 (IANS) The Bangladesh Textile Mills Association (BTMA) announcing an indefinite shutdown of mills, along with dispute over duty-free yarn imports between textile millers and garment exporters, has raised alarm over Readymade garments (RMG) exports in the neighbouring country ahead of the national election scheduled for February 12, according to a report.RMG exports account for about 85 per cent of Bangladesh’s total export earnings. More than 10 lakh workers employed in the sec…
New Delhi, Jan 20 (IANS) Prime Minister Narendra Modi on Tuesday highlighted the rise of India’s textile sector from a legacy industry to a powerful job-creating and people-centric engine of growth, embodying the true spirit of Aatmanirbhar Bharat. PM Modi referred to an article written by Union Minister Giriraj Singh, which underlines the importance of the Centre’s PLI schemes and new Free Trade Agreements, which are creating the next wave of employment.India’s textile resurgence is roote…
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…
New Delhi, Jan 1 (IANS) Pakistan’s textile industry, which was once the driver of economic growth in the country, has plunged into a deep crisis with factories shutting down due to high production costs.”Once celebrated for its export potential and capacity to drive industrial growth, Pakistan’s textile sector is now grappling with a convergence of structural, economic, and logistical shocks that have eroded competitiveness, shuttered factories, and destabilised livelihoods across the value …