Best of the Week: Why I quit Twitter this week

4 days, 6 hours ago

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

“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 …

India Malhotra Technical Textiles Textile Products Technical Textile Products Nttm Official Special Technical

5 days, 12 hours ago

Services led exports are a mixed blessing for the Indian economy

Live Mint

If every cloud has a silver lining, the glow around India’s data that shows November’s trade deficit at a record high of $37.9 billion is the remarkable performance of service exports. In a scenario where US President-elect Donald Trump has threatened to slap “reciprocal" tariffs on India, this strong showing of service exports and declining reliance on the export of …

India Services Service Exports Mixed Blessing Service Exports

6 days, 19 hours ago

DC Edit | Time to focus on service sector

Deccan Chronicle

India’s service exports outstripped merchandise exports for the first time ever in November 2024, according to the commerce ministry’s trade data. After sustained growth beginning from February 2024, service exports stood at $37.6 billion and merchandise exports at $32.1 billion in November 2024. While India is known to export more services than it buys from other countries, the value of …

India Services Service Exports Sector Merchandise Exports Service Exports

1 week, 1 day 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 …

India Exports Billion Export Imports Rises

1 week, 2 days ago

Extra long staple cotton imports rebound

The Hindu

India’s imports of Supima cotton, exported by the U.S., is rising following the withdrawal of import duty on extra long staple cotton earlier this year. As per William Bettendorf, director of Cotton USA Supply Chain, South Asia, Cotton Council International, India imported 1.2 million bales of U.S. cotton in 2019. In the last three to four years, share of the …

India Els Imports Rebound Long Staple Supima Cotton

2 weeks, 4 days ago

The week in charts: Trump’s threat, mixed PMI, IPO frenzy

Live Mint

Every Friday, Plain Facts publishes a compilation of data-based insights with easy-to-read charts to help you delve deeper into the stories reported by Mint in the week gone by. The US imports more from countries like China, Russia, India and South Africa than it exports, which means higher tariffs could harm the US economy as much as the Brics nations, …

India Sales Brics Million Mint Pmi Ipo Frenzy

3 weeks ago

India’s exports rise, boosting global presence

Deccan Chronicle

New Delhi: India is eyeing to be a global economic powerhouse with its remarkable achievements in the export landscape. “India’s export performance in several key product categories has shown notable success, with the country maintaining or improving its rank among the top 10 global suppliers, all with export values exceeding $1 billion in 2023,” the ministry said. “The petroleum sector …

Global India Export Export Values

3 weeks, 2 days ago

Size matters: Decoding Indian manufacturing’s problem of scale

Live Mint

New Delhi: The production-linked incentive scheme—one of the ways in which this government was hoping to increase manufacturing in India—is going through a slowdown, with planned expansions to the programme being put on hold. Size does matter As of 2019, the last date for which data was available, Bangladesh’s ALTF sector employed 2.45 million people, with 66% of those working …

Data Labour Bangladesh Manufacturing Indian Workers Share

1 month 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 …

India Labor China Bangladesh Trump Manufacturing Factory

1 month 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 …

India Europe Textiles Indian Exports Billion European

1 month ago

Wearable device market down by 20 per cent: What went wrong?

New Indian Express

NEW DELHI: India’s wearable device market recorded its second consecutive quarterly decline, driven by a slowdown in new product launches and cautious inventory strategies. Advanced smartwatches also saw a significant 39.9% y-o-y decline, though their market share improved marginally from 2.4% to 2.6%, suggesting a focus on premium offerings within this segment. Earwear sees moderate decline The earwear category saw …

Shipments Device Market Earwear Device

1 month ago

India's cotton production is plummeting. Here's what that means for your wardrobe

Live Mint

Gagandeep Singh feels he is on the edge, with no solutions in sight. India’s overall cotton production is estimated to fall to 29.9 million bales in 2024-25, the lowest in six years, due to lower plantings and stagnant yields. Every year, India usually imports 1.5 to 2 million bales of long staple raw cotton, which is not grown in the …

Technology China Farmers Maharashtra Indian Price Control Million

1 month 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 …

India Bangladesh Stock Textile

1 month 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 …

Global India Growth Trade Indian Merchandise Billion

1 month, 1 week 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’. …

India China Textiles Quality Indian Technical Taiwan

1 month, 1 week 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 …

India Products Exports Countries Other Countries

1 month, 1 week ago

Greaves Cotton Q2 results 2024 on 14 Nov, 2024: profit at ₹3.22Cr, Revenue decreased by 2.94% YoY

Live Mint

Greaves Cotton Q2 Results 2024:Greaves Cotton announced its financial results for the second quarter of 2024 on November 12, revealing a profit of ₹3.22 crore. In a notable contrast to the previous fiscal year's Q2, where Greaves Cotton reported a significant loss of ₹190.78 crore, the current results showcase a recovery, albeit modest. As Greaves Cotton navigates through these challenging …

Cotton Yoy Greaves Greaves Cotton

1 month, 2 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 …

India China Bangladesh Textile

1 month, 3 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 …

Government Law Technology Economy New Delhi

1 month, 3 weeks ago

Apple's India Expansion: A Strategic Shift Away from China

Firstpost

Apple's expansion of its manufacturing base in India has gained significant attention, with the tech giant exporting nearly $6 billion worth of iPhones between April and September 2024. This represents a one-third increase in value compared to the same period last year, setting Apple on track to exceed $10 billion in exports by the end of the fiscal year. The …

Business Law Technology Global Mumbai

India's Mobile Manufacturing Boom: A Global Powerhouse Emerging

Firstpost

India's mobile manufacturing industry is gaining global attention, thanks to the Make in India initiative. Big companies like Samsung and Apple are setting up large factories in the country, making India the world's second-largest exporter of mobile phones. With Samsung's mega factory in Noida and Apple moving some iPhone production to Tamil Nadu, India is becoming a key player in …

Business Law Technology Economy Noida

2 months ago

Why the garment workers of Bangladesh are feeling poorer than ever

NPR

Why the garment workers of Bangladesh are feeling poorer than ever toggle caption Kazi Salahuddin Razu/NurPhoto via Getty Images Ayesha Begum is working hard on her sewing machine. Begum one of four million garment workers in Bangladesh making clothes for American and European markets – brands such as Michael Kors, Calvin Klein, Zara and others. “In those other countries they’re …

Bangladesh Workers Sponsor Message Zara Factories Begum Garment

2 months ago

A Tapestry of Carpets and Culture: Exploring the Enthralling Cotton Market in Old Delhi

Hindustan Times

A charming market in Old Delhi, Cotton Market, showcases the vibrant spirit of the city. The market offers a unique blend of sights and sounds, with parked cars adorned with carpets, colorful blankets, and intricate wall hangings. The place is a testament to the creativity and craftsmanship of the local artisans, who showcase their wares in a welcoming and vibrant …

Law Food Culture Markets

2 months, 1 week 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.

Fashion Manufacturing Global Trade Apparel

3 months ago

Is the spike in India’s trade deficit a worry?

The Hindu

The story so far: After a positive start to goods exports in the first quarter of 2024-25, there has been a blip in momentum. On the exports front, 18 of India’s top 30 segments recorded growth in July and 19 in August, but the big-ticket sectors like petroleum, and gems and jewellery, have tanked significantly. While gems and jewellery exports …

India Exports Imports Trade Deficit Billion Months

3 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, …

Exports Garment Exports Bn Apparel

4 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 …

Bangladesh Textile Indian Yarn Garment

4 months, 2 weeks ago

Bangladesh's garment factories closed, H&M and Zara hit most: Report

Hindustan Times

Bangladesh's garments manufacturers body has called for a complete shutdown of all facilities causing a major disruption to the nation's key industry, according to a BBC report. Pedestrians walk past an H&M store on Nanjing Road in Shanghai, China, on Saturday, July 27, 2024 Which companies will be affected because of Bangladesh's political situation? This shutdown of garment factories will …

Bangladesh Zara Garment Garment Factories

5 months, 3 weeks ago

Textiles ministry plans to use castor plant for silk production to create jobs, reduce imports

Live Mint

New Delhi: Silkworms, unlike the hungry caterpillar they resemble, have a preference for mulberry leaves. The ministry has proposed using castor leaves to produce silk to boost the country's silk production and create more employment opportunities, two people directly involved in the process said. India is the world's second-largest producer of silk and its sericulture, or silk production, industry employs …

India Bihar Production Imports Million Balasubramanian Silk

5 months, 3 weeks 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 China Bangladesh Indian Prices Exports Cotton

5 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 …

Global India Vietnam China Industry Bangladesh Indian

5 months, 3 weeks ago

SISPA urges CCI to sell cotton to MSME mills on priority

New Indian Express

COIMBATORE: The South India Spinners Association has sought an immediate intervention of the Cotton Corporation of India to prioritise the sale of cotton to Micro, Small, and Medium Enterprise spinning mills from July 1. Recent increases in garment export orders have enabled many mills to resume operations, leading to a growing demand for cotton to meet production needs. "Cotton prices …

Traders Mills Cci Cotton Prices Sispa Sell Cotton

5 months, 4 weeks ago

Cotton consumption second highest in a decade: Textile Ministry

The Hindu

Cotton consumption by the textile industry in the current marketing season is one of the highest this decade, said a press release from the Ministry of Textiles. Roop Rashi, the Textile Commissioner, said this year will be the second highest consumption out of last ten years with an estimated demand of 307 lakh bales, including 103 lakh bales from the …

Cotton Lakh Decade Textile Bales

5 months, 4 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 …

India Production Incentives Minister Billion Pli Small Textile

6 months ago

Global textile industry concerned about continuing weak demand

The Hindu

The global textile industry, including textile machinery and garment manufacturing, continues to be concerned about “weak demand” in the market, according to a recent survey. The latest results of the International Textile Manufacturers Federation Global Textile Industry Survey, which was conducted in the second half of May, show that most companies pointed to weak demand as the main concern since …

Textile Weak Demand Global Textile Industry

6 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 …

Tamil Nadu Indian Prices Cotton Raw Material Competitive Prices Sundararaman

7 months ago

Textile units in Tamil Nadu face labour shortage

The Hindu

Textile clusters in Tamil Nadu, which were hit by steep drop in orders for the last two years, are now facing a new challenge - shortage of workers. K. Selvaraju, secretary general of the Southern India Mills’ Association, said wages had increased 20% for textile workers in Rajasthan and 28% in Odisha. With a large number of workers from other …

Tamil Nadu Workers Textile

7 months ago

Textile industry discusses measures needed to achieve higher growth rate

The Hindu

The National Committee of Textile and Clothing industry, comprising major textile associations and export promotion councils, deliberated on Saturday on measures to be taken to revive the Indian textile and clothing sector. Rakesh Mehra, chairman of the Confederation of Indian Textile Industry, said the average capacity utilisation in textile units across the value chain is 65 %. On the indications …

Industry Indian Textile

7 months, 1 week ago

Textile industry has long term goals as its focus: CITI

The Hindu

The Indian textile industry is working an action plan that will look at what the industry can achieve by 2047, according to Rakesh Mehra, chairman of the Confederation of Indian Textile Industry. “The textile industry has faced challenges on multiple fronts, including geopolitical uncertainties, shifting consumer preferences, and stiff competition from other sectors. The recent India-European Free Trade Association Agreement …

Industry Textile Industry Indian Textile

7 months, 4 weeks ago

India plans cotton technology mission for improving quality as part of 100 days agenda

Live Mint

New Delhi: The Union textiles ministry is gearing up to launch a revamped Cotton Technology Mission aimed at improving the quality and output of India's "white gold" by adopting best practices that could position India as a prime destination for textile sourcing and foreign investment, two people aware of the matter said. The textiles ministry will launch the revamped cotton …

India Textiles Mission Cotton Million Ministry Goswami

7 months, 4 weeks ago

India’s services export grew faster than global average in 2023: UNCTAD data

Hindustan Times

NEW DELHI: India’s annual services export grew at 11.4% in 2023 against the global average of 8.9% and surpassed China which witnessed a 10.1% contraction in the year, according to the quarterly bulletin released by the United Nations Conference on Trade and Development. Robust services trade helped India to compensate for a 3.11% year-on-year contraction in merchandise exports in FY2024 …

India China Trade Data Billion Exports Grew Merchandise Exports

8 months, 1 week ago

Goods exports hit 12-month high of $41.68 billion in March

The Hindu

India’s goods exports hit a 12-month high of $41.68 billion in March, although it constituted a 0.67% decline from last year’s tally, while imports dropped 6% to $57.3 billion last month. Goods imports dropped by a sharper 5.41% to $677.24 billion in 2023-24, which helped moderate India’s trade deficit for the year to $240.2 billion, 9.33% lower than the preceding …

India Exports Imports Billion Goods Goods Exports

9 months 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. …

Telangana Cotton Lakh Bales Cocpc

9 months ago

Trade puzzle: The Hindu Editorial on exports and global trade

The Hindu

Towards the end of a tumultuous trading year, India’s goods exports jumped 11.9% in February, marking the healthiest uptick in 20 months. It is remarkable that this spurt, significantly higher than the average export tally of $35.4 billion in the first ten months of this year, comes amid persistent concerns about disruptions in the Red Sea and the drought-hit Panama …

Trade Wto Weak Exports

9 months, 2 weeks ago

Unparalleled success story unfolds in mobile phone manufacturing in India

India TV News

The growth of mobile phone production in India over a decade is being described as an unmatched success story in the manufacturing sector. According to the industry body, India Cellular & Electronics Association, mobile phone production, in value terms has surged from Rs 18,900 crore in 2014-15 to an estimated Rs 4.10 lakh crore in FY24, registering over 20 fold …

India Mobile Production Cent Electronics Manufacturing Phone Export

9 months, 4 weeks ago

Who is winning the smartphone exports race - Vietnam or India: Data

The Hindu

In recent times, India has laid much emphasis on smartphone exports. It has also marginally improved its share to 1% in Hong Kong’s smartphone imports — the world’s second biggest importer — where India’s share is insignificant. However, in UAE and Germany — the world’s third and fifth biggest smartphone importers —Vietnam’s share in imports is decreasing and in both …

India Vietnam China Share Chart Uae 2022

$'We will transform India into a global export hub': PM Modi inaugurates Bharat Tex 2024 at Delhi's Bharat Mandapam$

9 months, 4 weeks ago

'We will transform India into a global export hub': PM Modi inaugurates Bharat Tex 2024 at Delhi's Bharat Mandapam

Op India

Prime Minister Narendra Modi affirmed to transform India into a Global Eain auxport Hub as he inaugurated the global textile event, Bharat Tex 2024 at Delhi’s Bharat Mandapam on Monday. The Prime Minister said that the government’s consistent efforts are giving rise to increased foreign investments in India’s textile sector. Bharat Tex 2024, one of the largest-ever global textile events …

Global Prime Minister Sector Modi Pm Modi Textile

10 months ago

Celebrating The Indian Textile Festival, Bharat Tex 2024 Opening On February 26th At New Delhi!

ABP News

New Delhi, February 22: Mark your calendars! The highly anticipated Bharat Tex 2024, inspired by the 5F Vision of our Prime Minister Shri Narendra Modi, is set to kick off on February 26th, weaving a tapestry of innovation, collaboration, and growth for the global textile industry. Get ready to immerse yourself in: * The Entire Textile Value Chain: Explore fibers, …

India Future Industry New Delhi Bharat Textile Bharat Tex

10 months ago

Manufacturing versus services: A false binary

Hindustan Times

The debate around India’s policy focus — whether it should be on manufacturing or services — is once again heating up. India’s share of global services exports is currently ~4.4%, and the country is already the largest provider of telecom and information services. The other pillar of the country’s export strategy — services exports — is where India already has …

India Growth Services Manufacturing Given Global Exports Services Exports

Best of the Week: Why I quit Twitter this week

History of this topic

Decline in textile and apparel shipments continued in July ’23

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