Rising imports worry apparel manufacturers
2 months ago

Rising imports worry apparel manufacturers

The Hindu  

India imported garments worth ₹8,900 crore from April to November, 2024 and the year 2024-2025 is likely to end with almost ₹13,000 crore worth apparel imports, according to the Indian Texpreneurs Federation. “Textile clusters and retailers must collaborate to address factors influencing imports such as pricing, quality, design, and product range. Retail brands in India must partner with domestic manufacturers to build robust supply chains that reduce import dependency and enhance local production. It’s time for Indian retailers and textile clusters to work closely to strengthen domestic sourcing, create jobs, and build an efficient, world-class supply chain for apparel manufacturing, he added.

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History of this topic

Cotton imports increase despite pressure on Indian cotton prices
1 week, 5 days ago

Cotton imports increase despite pressure on Indian cotton prices

The Hindu  

Increasing import of raw and waste cotton in the last seven months has brought to fore the urgent need for measures to improve cotton productivity in India. For the Indian textile industry, international cotton prices are weak and with export demand looking up for garments and home textiles, there is a need for the textile industry to be internationally competitive. …

Textiles sector eyes zero tariffs in India-US trade
1 week, 6 days ago

Textiles sector eyes zero tariffs in India-US trade

Live Mint  

New Delhi: Zero for zero is the buzzword in India’s textile and apparel industry as sector leaders urged the government to push for nil tariffs either way for trade between India and the US. According to Prabhu Dhamodharan, convenor of the Indian Texpreneurs Federation, India's current 5.9% share in US apparel imports could increase to 10% if zero-duty access is …

India Eyes $6B Export Boost with US Trade Deal
2 weeks ago

India Eyes $6B Export Boost with US Trade Deal

Deccan Chronicle  

Chennai: The textile industry hopes that a zero-for-zero trade agreement with the US will increase exports by $6 billion in three years. The US contributed to 28.5 per cent of India’s total textile and apparel exports between January and November 2024. However, the recent trade tensions saw US firms partially moving away from China and this has benefited Vietnam and …

India-U.S. trade: Small exporters seek import duty cuts to counter U.S. steel, aluminium tariffs
2 weeks, 1 day ago

India-U.S. trade: Small exporters seek import duty cuts to counter U.S. steel, aluminium tariffs

The Hindu  

India's small engineering goods exporters have urged the government to cut import tariffs on some U.S. goods to try and achieve more favourable trade terms as President Donald Trump prepares to implement new steel and aluminium duties, the head of an industry body said. "Of India's $20 billion annual engineering goods exports, nearly $7.5 billion worth of shipments could be …

Apparel exports to Spain grew 19.7% in April-January
3 weeks, 5 days ago

Apparel exports to Spain grew 19.7% in April-January

The Hindu  

Apparel exports to Spain registered a 19.7% growth for the April-January 2024-2025 period compared with the same period the previous year. According to Mithileshwar Thakur, secretary general of the Apparel Export Promotion Council, export of readymade garments rose 11.6 % during April 2024-January 2025 over the corresponding period the previous fiscal, “despite global headwinds, geo-political challenges and supply chain disruptions.” …

Apparel exports to Spain grew 19.7% in April-January
Trending News
3 weeks, 5 days ago

Apparel exports to Spain grew 19.7% in April-January

The Hindu  

Apparel exports to Spain registered a 19.7% growth for the April-January 2024-2025 period compared with the same period the previous year. According to Mithileshwar Thakur, secretary general of the Apparel Export Promotion Council, export of readymade garments rose 11.6 % during April 2024-January 2025 over the corresponding period the previous fiscal, “despite global headwinds, geo-political challenges and supply chain disruptions.” …

India’s goods trade deficit widened to $22.99 billion in January—a two-month high
1 month ago

India’s goods trade deficit widened to $22.99 billion in January—a two-month high

Live Mint  

New Delhi: India’s merchandise trade deficit rose to a two-month high of $22.99 billion in January on the back of higher imports. Merchandise exports declined to $36.43 billion in January by value from $38.01 billion in the previous month, and from $37.32 billion a year earlier, data released by the commerce ministry on Monday showed. The cumulative value of merchandise …

PM envisions Rs 9L-cr textile exports by 2030
1 month ago

PM envisions Rs 9L-cr textile exports by 2030

Deccan Chronicle  

New Delhi: Prime Minister Narendra Modi expressed optimism on Sunday that India's textile sector will achieve an annual export target of Rs 9 lakh crore ahead of the 2030 deadline. Speaking at Bharat Tex 2025, a mega global textile event showcasing India's cultural diversity through traditional garments, Modi said, “We are currently ranked as the 6th largest exporter of textiles …

India’s merchandise exports forecast to reach $124.8 billion in Q4FY25: Exim Bank
1 month, 1 week ago

India’s merchandise exports forecast to reach $124.8 billion in Q4FY25: Exim Bank

Live Mint  

New Delhi: India’s merchandise exports are projected to reach $124.8 billion in the fiscal fourth quarter, marking a 3.64% year-on-year increase, according to estimates from the Export-Import Bank of India. Meanwhile, India's merchandise trade deficit fell to a three-month low of $21.94 billion in December 2024, as higher exports offset import pressures. The commerce ministry recently revised November's gold import …

Modi govt's budget boost for textile industry: India aims to increase production and exports amid Bangladesh crisis
1 month, 2 weeks ago

Modi govt's budget boost for textile industry: India aims to increase production and exports amid Bangladesh crisis

Op India  

On Saturday, 1st February, the Union Budget presented by Finance Minister Nirmala Sitharaman gave a big boost to the textile industry announcing a 19% increase in the Budget Estimates for AY 2026-27. How Bangladesh crisis may help India in Textile sector Interestingly, the ongoing political crisis in the neighboring country of Bangladesh is aiding India’s garment industry to flourish by …

Textile stocks Ambika Cotton Mills, Arvind and others soar up to 10% as FM announces 5-year cotton mission
1 month, 2 weeks ago

Textile stocks Ambika Cotton Mills, Arvind and others soar up to 10% as FM announces 5-year cotton mission

Live Mint  

Union Budget 2025: Indian textile stocks surged in today's trade, February 01, after Union Finance Minister Nirmala Sitharaman in her budget speech announced a 5-year mission to facilitate improvements in productivity and sustainability of cotton farming. Set to propel India’s textile industry forward T Manish, Research Analyst, SAMCO Securities, “The five-year mission for cotton productivity aims to enhance the quality …

Economic survey calls for a focus on textile exports
1 month, 2 weeks ago

Economic survey calls for a focus on textile exports

Hindustan Times  

The 2024-25 Economic Survey has recommended throwing the kitchen sink at the textile export challenge to exploit the economic potential of this sector. The Survey’s discussion on untapped potential of the textile sector builds on an analysis of India’s underperformance in labour intensive sectors including textiles in the same document four years ago. First is “a lack of localisation and …

Textiles sector should address issues related to cost competitiveness: Economic Survey
1 month, 2 weeks ago

Textiles sector should address issues related to cost competitiveness: Economic Survey

The Hindu  

Lack of localisation and complexity of the Indian textile value chain result in higher costs for Indian exporters in the textile sector, relative to global competitors. In contrast, vertically integrated ‘fibre-to-fashion’ firms in competitor nations such as China and Vietnam export low-cost products, maintain consistent quality, and are “nimble enough to adjust to the fast-changing nature of the industry,” said …

Apparel imports surge since September
1 month, 3 weeks ago

Apparel imports surge since September

Deccan Chronicle  

Chennai: While India has seen its apparel exports growing in 2024, apparel imports into the country have recorded a surge - growing in double-digits since September. Indian apparel exports grew 8.39 per cent from $14.4 billion in calendar year 2023 to $15.7 billion in 2024. In September, apparel imports grew by 16.8 per cent and in October it grew by …

Logistics and sustainability hurdles challenge MSMEs in India’s apparel industry: Borzo survey
1 month, 3 weeks ago

Logistics and sustainability hurdles challenge MSMEs in India’s apparel industry: Borzo survey

Live Mint  

New Delhi: Micro, small and medium enterprises in India’s apparel and textile industry are facing mounting challenges in logistics and sustainability as they navigate a rapidly evolving market, according to a survey conducted by Borzo, a global same-day delivery firm It highlights the growing pressures on businesses to optimize operations while keeping pace with shifting consumer preferences and the fast-fashion …

Budget 2025 | Textile industry seeks interest subsidy, lower PLI investment floor in budget
1 month, 3 weeks ago

Budget 2025 | Textile industry seeks interest subsidy, lower PLI investment floor in budget

Live Mint  

India's textile industry, a key driver of the economy, employs about 45 million people and contributes significantly to the nation’s exports. The demands include extending the interest equalization scheme for three years to help exporters remain cost-competitive and revising the production linked incentive scheme with lower investment thresholds. Industry is also embracing sustainability, with eco-friendly practices and green technologies becoming …

Apparel and textile exports register growth despite challenges
2 months ago

Apparel and textile exports register growth despite challenges

The Hindu  

Apparel exports registered 12.9 % growth in dollar terms in December 2024 compared with the previous year and cumulative exports for April - December of 2024 registered 11.6 % growth as against the same period the previous year. Sudhir Sekhri, chairman of the AEPC said in a statement, “This is the appropriate time when India needs to capitalise this opportunity …

Textiles exports a silver lining as India’s trade deficit widens
2 months, 3 weeks ago

Textiles exports a silver lining as India’s trade deficit widens

Live Mint  

New Delhi: India’s textiles sector has emerged as a beacon of resilience and growth, recording an impressive 36.65% increase over the last four years, although industry stakeholders aren't much enthused by the resurgence. Rising from $17.05 billion in FY21 to $23.30 billion in the last eight months of the current fiscal year, this growth underscores the sector’s ability to adapt …

Rupee at 85 to a Dollar: Sinking Towards 100?
2 months, 3 weeks ago

Rupee at 85 to a Dollar: Sinking Towards 100?

The Quint  

India has indeed developed a strong export franchise in not only IT services but also in setting up global capability centers that employ over 1.5 million talented Indians for highly productive use. India, in contrast to its merchandise counterpart, import much less of services, and generate good surplus despite Indians’ itch to travel abroad and seek overseas education. India exported …

Leather exports likely to grow by over 12 pc to USD 5.3 bn this fiscal: CLE
2 months, 3 weeks ago

Leather exports likely to grow by over 12 pc to USD 5.3 bn this fiscal: CLE

Live Mint  

New Delhi, Dec 22 The country's leather and footwear exports are expected to grow by over 12 per cent to USD 5.3 billion in the current financial year on account of healthy demand in key global markets, CLE Chairman Rajendra Kumar Jalan has said. "The sector has the potential to reach a total turnover of USD 47 billion by 2030, …

Export of special technical textile products on rise, says NTTM official
3 months ago

Export of special technical textile products on rise, says NTTM official

The Hindu  

“Export of special technical textile products grew 6.2% between April and November compared with the same period last year,” said Ashok Kumar Malhotra, Mission Director of the National Technical Textiles Mission. Mr. Malhotra told The Hindu on Friday that the exports were worth ₹2,915 crore from April to November this year compared to ₹2,345 crore during April - November last …

Footwear component making to play key role to meet industry target of $26 billion by 2030
3 months ago

Footwear component making to play key role to meet industry target of $26 billion by 2030

The Hindu  

The Indian footwear sector, under the tutelage of the Union Commerce Ministry, is focusing on developing components and deploying technology to achieve excellence and self sufficiency in shoe manufacturing in order to achieve a targeted market size of $26 billion including exports of $8 billion by 2030, a top industry official said. All these components need to be manufactured in …

India’s imports rises to 27%, touches to record high of almost $70 billion
3 months ago

India’s imports rises to 27%, touches to record high of almost $70 billion

The Hindu  

India’s merchandise exports fell 4.83% to $32.11 billion in November while the import bill jumped 27% to a record high of almost $70 billion, as per data released by the Commerce Ministry. This is the third time in four months that India’s import bill has hit a record high, but November’s tally surpasses the last two occasions by a wide …

To challenge China, India needs to get out of the way of its factory owners
3 months, 3 weeks ago

To challenge China, India needs to get out of the way of its factory owners

Live Mint  

Boosting manufacturing is critical to India becoming an economic powerhouse. In India, manufacturing’s contribution to its gross domestic product has fallen from around 17% two decades ago to 13% in 2023, according to World Bank data. Manufacturing firms in India said they are wary of operating large factories because of the power of organized labor. “No manufacturer wants to set …

Demand from European markets fuels recovery in India’s textile exports amid Bangladesh crisis
3 months, 3 weeks ago

Demand from European markets fuels recovery in India’s textile exports amid Bangladesh crisis

Live Mint  

Indian textile exports are showing signs of recovery in FY25, with demand from European markets playing a crucial role in boosting figures, according to data from the ministry of commerce and industry. However, the numbers still fall short of the $5.84 billion achieved during FY23, the commerce ministry data showed, highlighting recovery challenges despite the growing interest in Indian textiles …

Multibagger Stock: Gokaldas Exports advances 1260% in 4 years, 2358% in 11 years. Can it rally more?
4 months ago

Multibagger Stock: Gokaldas Exports advances 1260% in 4 years, 2358% in 11 years. Can it rally more?

Live Mint  

Multibagger Stock: Gokaldas Exports, a leading apparel manufacturer, has emerged as a standout performer on Dalal Street, delivering remarkable returns to its shareholders. Strong operational performance, rising global demand for Indian apparel exports, diversification of supply chains away from China, and strategic market expansion efforts all contributed to the sustained rally in the company's shares. Meanwhile, the potential implementation of …

Pharma, electronics and engineering goods among India’s top exports during Apr-Oct
4 months ago

Pharma, electronics and engineering goods among India’s top exports during Apr-Oct

Live Mint  

New Delhi: India's merchandise exports continued their upward trajectory during April-October, with 21 of the top 30 sectors registering growth in value terms, buoyed by rising global demand for Indian goods. Growth in key sectors like pharmaceuticals, electronics, and engineering goods contributed to the overall gains, while a sharp decline was reported in traditionally strong sectors—petroleum and gems and jewellery—amid …

Cotton is passé. Can India ever make it big in this fashionable textile market?
4 months ago

Cotton is passé. Can India ever make it big in this fashionable textile market?

Live Mint  

Chennai: It was early June 2021. Once MMF textile exports pick up, the quality of raw material will improve," said Rajkumar Agarwal, managing director, SVG Fashions Pvt. The government has applied the Quality Control Order, a regulatory standard that ensures that products sold in India are of good quality, on select polyester filament yarn imports such as ‘fully drawn yarn’. …

Textiles, auto components and telecom vulnerable to tariff war
4 months ago

Textiles, auto components and telecom vulnerable to tariff war

Deccan Chronicle  

Chennai: US, being the largest market for India, probable tariff hikes under the Trump presidency can impact shipments of certain segments, including textiles, chemicals, metal products, and telecom products. Any adverse policy action around tariffs or taxes could affect India's competitiveness against countries like Bangladesh and Vietnam. Any rise in duties could impact the Indian export volumes substantially, which may …

Higher fibre prices worry apparel, home textile makers as demand improves
4 months, 1 week ago

Higher fibre prices worry apparel, home textile makers as demand improves

Deccan Chronicle  

Chennai: Apparels and home textiles are hopeful about robust demand in the international market, especially the US. Similarly, home textiles segment is set to grow by 6-8 per cent this fiscal, riding on resilient demand from the US and expansion in the domestic market, finds Crisil. Home textiles derive 70-75 per cent of its revenue from exports and the US …

Can India’s garments industry benefit from Bangladesh’s turmoil?
4 months, 1 week ago

Can India’s garments industry benefit from Bangladesh’s turmoil?

Live Mint  

Asia’s rise has been stitched together by the textile industry. Recently a group of exporters based in Tiruppur, a textile hub in southern India, said it had earned fresh orders worth $54m because of the unrest in Bangladesh. The head of sourcing at Gap says the American fashion brand remains “cautiously optimistic” about Bangladesh’s future. Between 2016 and 2023 the …

Competing in the Global Apparel Arena: How India Can Rise Above the Textile Tide
4 months, 2 weeks ago

Competing in the Global Apparel Arena: How India Can Rise Above the Textile Tide

Hindustan Times  

India's textile and apparel sector holds significant potential to create more and better employment, especially from the labour-intensive apparel segment. However, the sector faces important challenges in adapting to global market demands. It requires both the government and private sector to play their part. The government could help by rationalising domestic taxation and reducing import tariffs along the entire supply …

Indian Apparel Exports Soar 17.3% in September, Boosting Global Supply Chain
5 months ago

Indian Apparel Exports Soar 17.3% in September, Boosting Global Supply Chain

The Hindu  

Indian apparel exports saw a significant surge in September, with a 17.3% increase compared to the same period last year. This growth is expected to continue in the coming months, with 15%-20% higher exports projected for 2024-2025. This surge is attributed to the increasing popularity of Indian products and the growing focus on sourcing from India by international buyers.

How India can fix the Chinese imports problem
5 months, 2 weeks ago

How India can fix the Chinese imports problem

Live Mint  

India last month extended countervailing duties of 12-30% on certain steel imports from China and Vietnam, following requests from local producers to safeguard against cheaper imports. Read this | Mint Primer | China’s stimulus: What it spells for India & the world A growing economy like India’s naturally requires more imports to meet rising consumption and manufacturing demand, with cost …

India targets $1 trillion exports by 2030: Coimbatore DGFT
5 months, 3 weeks ago

India targets $1 trillion exports by 2030: Coimbatore DGFT

New Indian Express  

TIRUPPUR: India has an ambitious target of exporting goods worth $1 trillion USD by 2030, said Anand Mohan Mishra, Joint Director General of Foreign Trade of Coimbatore, during a seminar ‘Export Finance and Trade Facilitation for the Apparel Industry’ in Tiruppur on Saturday. Speaking among the exporters in Tiruppur, Mishra said, “ Each and every part of the export community …

Apparel exports grew 12% in August to more than $1.2 bn
6 months ago

Apparel exports grew 12% in August to more than $1.2 bn

The Hindu  

Apparel exports registered 11.9% growth in August to $1,268.2 million compared with $1,133.5 million last August. In rupee terms, exports were 13.4% higher last month compared with last August and 8.7% more in April-August FY25 compared with the corresponding period in FY24. Mithileshwar Thakur, Secretary General, Apparel Export Promotion Council, said in a press statement that exports to Japan, Korea, …

No significant impact on India Inc from Bangladesh crisis: Study
6 months ago

No significant impact on India Inc from Bangladesh crisis: Study

New Indian Express  

MUMBAI: Prolonged unrest in Bangladesh can affect Indian companies for which the neighbouring country is a demand centre or production hub but the impact is likely to be minor, said a new study on Wednesday. Merchandise exports mainly comprise cotton and cotton yarn, petroleum products, electric energy etc, while imports largely consist of vegetable fat oils, marine products and apparel. …

India’s Trade Deficit Widens to $23.5B in July
7 months, 1 week ago

India’s Trade Deficit Widens to $23.5B in July

Deccan Chronicle  

Chennai: India's trade deficit widened to $23.50 billion in July as exports dipped 1.4 per cent and imports grew 7.5 per cent. However, combined exports of merchandise and services registered a growth of 2.8 per cent and the ministry expects this year’s combined exports to be higher than last year’s. Merchandise exports in July this year dipped by 1.4 per …

Indian garment sector expects short-term gains due to Bangladesh crisis
7 months, 2 weeks ago

Indian garment sector expects short-term gains due to Bangladesh crisis

The Hindu  

The crisis in Bangladesh is expected to impact the Indian textile and apparel sector in the short term. Siddhartha Rajagopal, the Executive Director of Cotton Textiles Export Promotion Council, said $1.7-billion worth of cotton, cotton yarn and fabrics were exported by India to Bangladesh last fiscal, which is 17% of India’s cotton textile exports. According to the Apparel Export Promotion …

India’s trade to improve amid easing global challenges: Economic Survey
7 months, 3 weeks ago

India’s trade to improve amid easing global challenges: Economic Survey

Live Mint  

Amid geopolitical headwinds and sticky inflation, India’s exports remained strong in the financial year 2023-24, the Economic Survey asserted, adding that trading in goods is expected to improve this year and the next. Though merchandise exports moderated owing to lower demand from major trading partners, India performed well in the export of services, lowering the country’s overall trade deficit from …

India's merchandise exports rise to $35.2 billion in June, trade ministry says
8 months ago

India's merchandise exports rise to $35.2 billion in June, trade ministry says

Hindustan Times  

By Shivangi Acharya India's merchandise exports rise to $35.2 billion in June, trade ministry says NEW DELHI -India's merchandise exports rose to $35.2 billion in June from $34.32 billion a year ago, helped by increased shipments of engineering goods and commercial vehicles, data from the Commerce Ministry showed on Monday. The government expects goods and services exports to cross $800 …

India's exports soar 2.56 per cent to USD 35.2 billion in June: Govt data
8 months ago

India's exports soar 2.56 per cent to USD 35.2 billion in June: Govt data

India TV News  

The government of India on Monday released data on the exports by the nation in the month of June. According to the data, India's merchandise export in June increased by 2.56 per cent to $35.32 billion compared to $34.32 billion in June last year. In May, the country's merchandise exports increased by 9.1 per cent and reached USD 38.13 billion, …

Trade deal with India creates new eco-friendly market potential for Australia's sustainable cotton and wool
8 months, 1 week ago

Trade deal with India creates new eco-friendly market potential for Australia's sustainable cotton and wool

ABC  

"Fast fashion" is a dirty phrase among the growing number of eco-conscious fashionistas across the world — and Australian farmers are looking to capitalise. "Consumers globally are now more aware of the detrimental impact that fast fashion has had on our planet, and are actively searching out brands that are consciously minimising their impact," Mr Dillon said. He said Australian …

India’s fraying garment industry needs a stitch in time under Modi 3.0
8 months, 3 weeks ago

India’s fraying garment industry needs a stitch in time under Modi 3.0

Hindustan Times  

In 2011, McKinsey, the global consulting firm, conducted a survey of chief purchasing officers at top western apparel makers in order to gauge the supply chain shifts afoot in the industry. “Entry into synthetics would make factories run full year and increase wages manifold.” Fast fashion is a low-margin industry with a complex production process, and one indicator could determine …

India plans to expand production-linked incentives for small textile firms: minister
8 months, 3 weeks ago

India plans to expand production-linked incentives for small textile firms: minister

Hindustan Times  

By Manoj Kumar India plans to expand production-linked incentives for small textile firms: minister NEW DELHI - India plans to expand production linked incentives to small textile firms soon, part of efforts to increase garment exports to $50 billion by 2030, the federal textile minister said on Tuesday. The government introduced incentives for the textile sector in 2021, and has …

Textile industry demands raw materials at competitive prices
9 months ago

Textile industry demands raw materials at competitive prices

The Hindu  

The textile and clothing industry, which employs nearly 60 lakh people in Tamil Nadu, has demanded availability of raw materials at competitive prices for the industry. The SIMA chairman, who met the new Union Textile Minister, Giriraj Singh, recently, told presspersons in Coimbatore on Tuesday that Indian cotton prices had remained almost stable this cotton season. Though the government removed …

Apparel manufacturers hold meeting in New Delhi, discuss measures to increase exports to $40 billion by 2030
10 months, 2 weeks ago

Apparel manufacturers hold meeting in New Delhi, discuss measures to increase exports to $40 billion by 2030

The Hindu  

The Apparel Export Promotion Council held a meeting in New Delhi recently with buying agencies and liaison officers of overseas brands, to discuss efforts to increase Indian garment exports to USD 40 billion by 2030. Free trade agreements signed by India with Mauritius and Australia are paying dividends, as readymade garment exports to these countries in April - February of …

Apparel exports may see mild recovery this year: ICRA
11 months, 2 weeks ago

Apparel exports may see mild recovery this year: ICRA

The Hindu  

After a sharp drop in 2023-24, India’s apparel exports may see a muted recovery this year as the U.S. and EU retailers are expected to restock inventories, ratings agency ICRA said in a research note. “ICRA expects the apparel-exporting companies to report a recovery in 2024-25 on a lower base, with replenishment of stock in the U.S. and the EU …

India’s merchandise exports up 3.12% in January
1 year, 1 month ago

India’s merchandise exports up 3.12% in January

Hindustan Times  

India’s merchandise exports reported a 3.12% increase to $36.92 billion in January despite global headwinds, showing positive growth for the second consecutive month, with overall exports -- both goods and services -- estimated to have risen 9.27% to $69.72 billion in the month, government data released on Thursday said. Releasing trade data for January, commerce secretary Sunil Barthwal said, “Despite …

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