Higher fibre prices worry apparel, home textile makers as demand improves
1 month, 3 weeks 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 alone accounts for 60 per cent. “Apart from higher MSP, the add-on of 11 per cent import duty will restrict prices from further softening. “Indian polyester prices are 25 per cent higher than Chinese and viscose too is 12-15 per cent higher.

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History of this topic

Export of special technical textile products on rise, says NTTM official
2 weeks, 5 days 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 …

Wholesale food inflation cooled to 8.9% in November from 25-month high of 11.6%
Trending News
3 weeks, 2 days ago

Wholesale food inflation cooled to 8.9% in November from 25-month high of 11.6%

The Hindu  

India’s wholesale prices rose at a three-month low pace of 1.89% in November, easing from October’s 2.4% uptick, with food price inflation decelerating to 8.9% from a 25-month high of 11.6% in the previous month, even as manufactured products’ inflation accelerated to 2%. EDITORIAL | Price worries: On inflation Among manufactured products, some of the important groups that showed month-over-month …

Demand from European markets fuels recovery in India’s textile exports amid Bangladesh crisis
1 month, 2 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 …

Pharma, electronics and engineering goods among India’s top exports during Apr-Oct
1 month, 3 weeks 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 …

Textiles, auto components and telecom vulnerable to tariff war
1 month, 3 weeks 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 …

Can India’s garments industry benefit from Bangladesh’s turmoil?
1 month, 4 weeks 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
2 months, 1 week 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
2 months, 3 weeks 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.

Apparel exports grew 12% in August to more than $1.2 bn
3 months, 2 weeks 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, …

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

Chinese share of Indian yarn exports more than double in FY24
6 months, 1 week ago

Chinese share of Indian yarn exports more than double in FY24

Deccan Chronicle  

Chennai: Increase in yarn exports in FY24 saw the share of shipments to China rise from 10 per cent in FY23 to 21 per cent in FY24. Cotton yarn exports rose by 83 per cent in FY24. Bangladesh, China, and Vietnam collectively account for 60 per cent of Indian cotton yarn exports. In FY2024, cotton fibre prices declined by 25 …

India’s fraying garment industry needs a stitch in time under Modi 3.0
6 months, 1 week 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 …

Textile industry demands raw materials at competitive prices
6 months, 3 weeks 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 …

India’s wholesale inflation hit a 13-month high in April
7 months, 3 weeks ago

India’s wholesale inflation hit a 13-month high in April

The Hindu  

Inflation in India’s wholesale prices rose to a 13-month high of 1.26% in April, from 0.53% in March, owing to an uptick in food inflation and a 1.4% year-on-year rise in fuel and power prices after several months of deflation. The price rise in primary food articles picked up from 6.88% in March to a four-month high of 7.74% in …

Cotton position comfortable, says SIMA
9 months, 2 weeks ago

Cotton position comfortable, says SIMA

The Hindu  

The Committee on Cotton Production and Consumption, at a recent meeting, estimated cotton production this season, ending September, at 323 lakh bales and exports 27 lakh bales. The Cotton Association of India, however, said production will be 309 lakh bales mainly because it expects production in Telangana to be 34 lakh bales against 48 lakh bales estimated by the COCPC. …

China’s Surplus Textile Influx Affects India’s $60 Billion Industry
1 year ago

China’s Surplus Textile Influx Affects India’s $60 Billion Industry

The Hindu  

For almost a year now, India’s major textile hubs of Ludhiana, Surat, and Erode have been fighting an almost insurmountable challenge: rising imports, or arguably large-scale dumping, of man-made fibre fabrics that is affecting a sector valued at about $60 billion. In the last three years, MMF fabric imports, which attract mostly 20% duty, have doubled and most of it …

Wholesale inflation back in positive zone after 7 months, at 0.26% in November
1 year ago

Wholesale inflation back in positive zone after 7 months, at 0.26% in November

The Hindu  

After seven months of deflation, India’s wholesale prices rose 0.26% in November compared to a -0.52% rate in October. The Commerce and Industry Ministry attributed the uptick primarily to an increase in prices of food articles, minerals, machinery & equipment, computer, electronics & optical products, motor vehicles, other transport equipment and other manufactured goods. Wholesale food prices rose 4.7% in …

Cotton prices drop in several markets
1 year, 1 month ago

Cotton prices drop in several markets

The Hindu  

With the cotton prices remaining subdued due to lack of demand, the Cotton Corporation of India has purchased nearly two lakh bales of cotton at Minimum Support Price since the beginning of the current cotton season. Lalit Kumar Gupta, Chairman and Managing Director of the CCI, said the organisation is buying cotton at MSP price in nine States. Since the …

Indian cotton production to be 6% lower this year
1 year, 2 months ago

Indian cotton production to be 6% lower this year

The Hindu  

Cotton production during 2023-2024 cotton season is expected to be 6% lesser than the season that ended on September 30. The Committee on Cotton Production and Consumption, which met on November 6, estimated cotton production in the current season to be 316.57 lakh bales as against 336.60 lakh bales in 2022-2023. Cotton production is affected by pink bollworm and inadequate …

Apparel and textile production witness steep declines following drop in export orders
1 year, 2 months ago

Apparel and textile production witness steep declines following drop in export orders

The Hindu  

Steep decline in exports and depressed demand both domestically and globally, have led to more than one-fifth decline in India’s garment manufacturing between April and August this year when compared with the same period in 2022. While “wearing apparel”, index dropped 17.1% in August and 22.6% during April-August 2023 as against the corresponding period last year. However, textile exports grew …

India’s global exports in labour-intensive sectors declined in last 5 years: FIE
1 year, 3 months ago

India’s global exports in labour-intensive sectors declined in last 5 years: FIE

Live Mint  

With India experiencing a decline in global market share across segments during the last five years, the labour-intensive export sectors such as apparels, marine products, plastics, and gems and jewellery are showing a "troubling pattern", news agency PTI quoted FIEO report as saying. "An analysis of sector-wise export performance for the last five years reveal the troubling pattern that India …

Cotton production next season expected to be about 330 lakh bales, says cotton federation
1 year, 3 months ago

Cotton production next season expected to be about 330 lakh bales, says cotton federation

The Hindu  

India is expected to see production of 330 lakh to 340 lakh bales of cotton in 2023-2024 cotton season that begins on October 1, said J. Thulasidharan, president of the Indian Cotton Federation, in Coimbatore city on September 24. In the current season that would end this month, 335 lakh bales of cotton had arrived in the market and even …

Indian textile exports show signs of revival
1 year, 3 months ago

Indian textile exports show signs of revival

The Hindu  

Textile and apparel exports turned positive last month after more than six months of degrowth. While textile exports increased 13.98%, apparel exports declined 8.15%. Cumulative exports of textiles and apparel for April - August, however, were 10.51% lower compared with the same period last year, shows data shared by the Confederation of Indian Textile Industry. Siddhartha Rajagopal, executive director of …

Decline in textile and apparel shipments continued in July ’23
1 year, 4 months ago

Decline in textile and apparel shipments continued in July ’23

The Hindu  

Exports of textiles and apparel were down 1.9% and 17.37% respectively in July this year compared with the same period last year. Data shared by Confederation of Indian Textile Industry showed that cotton yarn, fabrics, and made-ups registered 6.62% growth in July 2023 as against July 2022. “There are enquiries for garments for spring/summer 2024 for which shipments will begin …

Textile exports continue to decline in June, mills suspend work on tepid demand
1 year, 5 months ago

Textile exports continue to decline in June, mills suspend work on tepid demand

The Hindu  

Textile and apparel exports shrank 11.3% in June compared with the year-earlier period even as several textile mills in the South suspended production on account of tepid demand. Shipment of manmade products saw a 17.22 % decline while export of jute products and carpets plunged 26.72 % and 15.43% respectively, according to data shared by the Confederation of Indian Textile …

Govt to set up task force to address environmental concerns in textiles
1 year, 8 months ago

Govt to set up task force to address environmental concerns in textiles

Live Mint  

The union government is set to launch a task force to address environmental concerns in the textile sector at a time when India is negotiating a free trade agreement with western countries with a strong interest in boosting textile exports. Commerce minister Piyush Goyal said that sustainable products are witnessing high demand and some exporters using sustainable means are getting …

Merchandise exports down 9% in Feb
1 year, 9 months ago

Merchandise exports down 9% in Feb

Live Mint  

New Delhi: India’s merchandise exports declined by nearly 9% in February, the third contraction in the current fiscal, led by a persistent demand slowdown across major markets including the US and the European Union. “Amid a challenging external environment and tepid demand from key markets, engineering goods exports have seen a downward trend and recorded negative growth in seven out …

Indian Exports Decline 8.8 Per Cent To $33.88 Billion In February
1 year, 9 months ago

Indian Exports Decline 8.8 Per Cent To $33.88 Billion In February

ABP News  

India's exports declined in February for the third consecutive month by 8.8 per cent to $33.88 billion against $37.15 billion in the same month last year, according to the data released by the commerce ministry on Wednesday. Imports also declined by 8.21 per cent to $51.31 billion as against $55.9 billion recorded in the corresponding month last year. During April-February …

Merchandise exports dive 12% in December
1 year, 11 months ago

Merchandise exports dive 12% in December

Live Mint  

India’s merchandise exports fell by 12% in December, marking the second decline in three months, as demand slowed down in major markets such as the US and the European Union. India’s merchandise exports dropped to $34.48 billion in December, while imports declined by 3.4% to $58.24 billion, resulting in a trade deficit of $23.76 billion, data released by the ministry …

Exports flat at $31.99 bn in Nov, trade deficit at $23.89 bn
2 years ago

Exports flat at $31.99 bn in Nov, trade deficit at $23.89 bn

Live Mint  

India's merchandise exports recorded a flat growth at $31.99 billion in November as against $31.8 billion in the same month last year, while the merchandise trade deficit stood at $23.89 billion from $26.91 billion in the previous month, data released by the Ministry of Commerce & Industry showed on Thursday. Textile exports in India dropped due to global demand slowdown …

India’s merchandise imports from three of top 10 trade partners dip
2 years, 1 month ago

India’s merchandise imports from three of top 10 trade partners dip

Hindustan Times  

New Delhi: India’s merchandise imports from three out of top 10 trade partners contracted year-on-year in October – about 10% from China at $7.8 billion, nearly 5% with the US to $3.5 billion and 31% from Australia at $1.3 billion – although inbound shipments from Russia surged over 441% at over $3.8 billion, mainly due to energy imports. India’s merchandise …

High prices may impact India cotton exports
2 years, 1 month ago

High prices may impact India cotton exports

The Hindu  

Cotton exports this year may fall short of the 40 lakh bales estimated recently by the Committee on Cotton Production and Consumption, traders said. According to Rakesh Rathi, former president of Indian Cotton Association, Bathinda, export enquiries are poor as Indian cotton is more expensive by 10 cents a pound compared with world cotton prices. The ICE Futures prices are …

Cotton yarn imports increase
2 years, 2 months ago

Cotton yarn imports increase

The Hindu  

Increase in imports of cotton yarn since June this year has raised concerns among the domestic textile mills. Indian cotton and yarn prices went up since November last year and this was one of the reasons, said Siddhartha Rajagopal, Executive Director of Cotton Textiles Export Promotion Council. Ramasamy, president of Powerloom Development and Export Promotion Council, Indian cotton yarn prices …

Wholesale price rise eases to three-month low at 15.2% in June
2 years, 5 months ago

Wholesale price rise eases to three-month low at 15.2% in June

The Hindu  

Inflation in wholesale prices moderated marginally from the record 15.88% pace in May to 15.18% in June, as a minor paring in the price rise of manufactured products, fuel and power as well as primary articles was offset by a surge in food price inflation to 12.41% from 10.89% in May. June’s wholesale inflation rate is the lowest in three …

Cotton Prices Started Softening Of Late, Govt To Formulate PLI 2.0 For Textiles: Secretary
2 years, 7 months ago

Cotton Prices Started Softening Of Late, Govt To Formulate PLI 2.0 For Textiles: Secretary

News 18  

Cotton prices have been higher for quite a while now and the government is in the process of formulating PLI 2.0 for the textile industry, Textiles Secretary Upendra Prasad Singh said adding that the next round of PLI should be for apparel & garments. He also said cotton exports have seen a growth of 10-12 per cent and the textile …

Goods Exports In April Jump 30% YoY To $40 Billion; Trade Deficit Widens To $20.1 Billion
2 years, 7 months ago

Goods Exports In April Jump 30% YoY To $40 Billion; Trade Deficit Widens To $20.1 Billion

News 18  

India’s merchandise exports in April registered a 30 per cent year-on-year jump to USD 40 billion, led by strong outbound shipments of petroleum products, electronic goods, cereals and coffee. “India’s overall exports in April 2022 are estimated to be USD 67.79 billion, exhibiting a positive growth of 38.90 per cent over the same period last year. “The merchandise trade deficit …

Crisis in Sri Lanka benefits Indian textiles
2 years, 8 months ago

Crisis in Sri Lanka benefits Indian textiles

Live Mint  

With Sri Lanka buffeted by economic headwinds, Indian apparel exporters are beginning to receive orders from the UK, EU, and even Latin American countries where Indian textiles had little or no presence. Textiles and garments contributed nearly half of Sri Lanka’s exports but fuel shortages amid its worst financial crisis and ensuing power cuts are disrupting the production of key …

Monte Carlo, Arvind, 59 others make the cut for textile PLI sops
2 years, 8 months ago

Monte Carlo, Arvind, 59 others make the cut for textile PLI sops

Live Mint  

Monte Carlo Fashions Ltd, Arvind Ltd, Trident Ltd and Kimberly Clark India Pvt. “The proposed total investment expected from the applicants is ₹19,077 crore, and the projected turnover is ₹184,917 crore over five years with proposed direct employment of 240,134,” Union textiles secretary U.P. In December, the government approved the PLI scheme for textiles, offering incentives worth ₹10,683 crore over …

Get these wrinkles out of the South Asian textile story
2 years, 9 months ago

Get these wrinkles out of the South Asian textile story

The Hindu  

South Asia became a major player in the global textiles and clothing market with the onset of the third wave of global production. Supportive industrial policy was an instrumental factor in the 1990s, with zero duty on raw material and capital machinery, as access to global markets led to the industry’s boom. India’s production centres are operational at near full …

Cotton prices touch record high
3 years ago

Cotton prices touch record high

Deccan Chronicle  

Warangal: Cotton prices have touched a record high — between Rs 8,500 and Rs 8,715 per quintal — at the two major cotton markets of Asia at Enumamula of Warangal and Jammikunta of Karimnagar districts on Tuesday bringing cheer to farmers who had braved the inclement weather and spent heavily on pesticides and fertilisers. However, for the last two months, …

Aim to increase textiles exports to $100 billion: Piyush Goyal tells exporters
3 years, 4 months ago

Aim to increase textiles exports to $100 billion: Piyush Goyal tells exporters

India TV News  

India's textile exporters must aim to increase exports to $100 billion at the earliest, Union Minister Piyush Goyal said on Friday. In an interactive session with the country's textile industry held here, the Union Minister for Commerce & Industry, Textiles, Consumer Affairs and Public Distribution said: "We must aim to increase textiles exports three times from present export value of …

Export boom aids businesses, not farmers
3 years, 7 months ago

Export boom aids businesses, not farmers

Hindustan Times  

Rising agricultural exports from India, which shipped out a record 20 million tonne of foodgrains in 2020-21, have breathed new life into agribusinesses, but farmers say they have hardly gained because they had to sell cheap. In the financial year ended March 2021, the country exported farm produce worth nearly $42 billion, a growth of about 18%, on the back …

The high cost of India’s cheap garment exports
3 years, 8 months ago

The high cost of India’s cheap garment exports

Al Jazeera  

Two winters ago, while driving into Delhi at the crack of dawn, I found myself staring at looming soft mountains of candy pink foam rising from the grey surface of the river Yamuna. Unsurprisingly, alarms have been raised about India’s water scarcity around the world, including in a report by the US-based World Resources Institute that ranks it 13th among …

Why high input costs could derail India's manufacturing growth story
3 years, 9 months ago

Why high input costs could derail India's manufacturing growth story

India Today  

The IHS Markit India Manufacturing Purchasing Managers’ Index slipped to a seven-month low of 55.4 in March, from 57.5 the previous month, indicating a break in the growth momentum, owing to factors such as decline in factory output, drop in employment due to Covid restrictions and lack of demand. Pollyanna De Lima, economics associate director at IHS Markit, said in …

Exports Jump 58.23% to $ 34 Billion in March; 7.4% Dip in 2020-21
3 years, 9 months ago

Exports Jump 58.23% to $ 34 Billion in March; 7.4% Dip in 2020-21

News 18  

The country’s exports jumped by 58.23 per cent to $ 34 billion in March as key sectors such as engineering, gems and jewellery and pharmaceuticals recorded healthy growth rate during the month, according to the Commerce Ministry’s provisional data. In March 2020, the exports stood at $ 21.49 billion, which was a decline of about 34 per cent over March …

Budget proposes 10% customs duty on import of cotton
3 years, 11 months ago

Budget proposes 10% customs duty on import of cotton

The Hindu  

Finance Minister Nirmala Sitharaman announced in the Union Budget a levy of 10% customs duty on cotton and an increase in the customs duty on raw silk and silk yarn from 10% to 15% to benefit farmers. Also, in a move to rationalise duties on raw material inputs for man-made textiles, the Budget proposed to bring nylon chain on a …

Apparel exports likely to register 40 pc growth this fiscal: AEPC
4 years, 4 months ago

Apparel exports likely to register 40 pc growth this fiscal: AEPC

Live Mint  

India's apparel exports are likely to register a growth of 40 per cent to USD 22 billion during the current financial year, AEPC said on Thursday. Apparel Export Promotion Council Chairman A Sakthivel said, "We are working with a target to achieve a 40 per cent increase in apparel exports this financial year with major focus on new medical textiles." …

Covid-19 hurts textile exporters
4 years, 9 months ago

Covid-19 hurts textile exporters

The Hindu  

Textile and clothing exporters have started feeling the impact of Covid-19 because of supply chain disruptions, fall in exports and cancellation of international events. According to the Cotton Textiles Export Promotion Council, 11 countries buy 41% of India’s cotton yarn exports and these countries have reported Covid-19 cases. Exporters are unable to get appointments from buyers for Market Week 2020 …

Trade deficit narrows to $13.43 billion in July
5 years, 4 months ago

Trade deficit narrows to $13.43 billion in July

Live Mint  

India’s exports grew by 2.25% to $26.33 billion in July, government data showed on Wednesday. Imports, however, slipped by 10.43% to $39.76 billion, narrowing trade deficit to $13.43 billion in July. Separately, India’s annual wholesale price inflation in July eased to a 25-month low of 1.08%, indicating manufacturers are losing their power to raise prices as an economic slowdown deepens. …

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