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NEW DELHI: Congress minister Rahul Gandhi Saturday accused the govt of “cheating cotton farmers and textile exporters in the country through the India-US interim trade deal” and alleged that the agreement “is likely to inflict deep damage on both sectors”.“18% tariff vs 0% — let me explain how the PM and his cabinet are spreading…
NEW DELHI: The govt on Thursday said amendments in the White House fact sheet on the framework for an interim India-US trade deal reflected the shared understandings contained in the earlier joint statement that formed the basis of the agreement reached by both sides.The fact sheet issued days after the joint statement had stirred up…
Piyush Goyal has now clarified that Indian exports would also get the same benefit. India-US trade deal: Commerce Minister Piyush Goyal on Thursday said that Indian apparel exports to the US will enjoy zero tariff access, if the raw material is procured from America. Goyal’s comments assume significance after the recently announced US-Bangladesh trade deal…
The possibility of zero-tariff entry for select Bangladeshi textile and apparel exports has moderated the earlier optimism surrounding Indian exporters. (AI image) The US-Bangladesh trade deal announced on Tuesday may indirectly deal a blow to the export ambitions of India’s textile sector. Under the trade agreement between the two countries, the US is reducing the…
CHENNAI: India’s textile, apparel and leather exporters are expecting a sustained recovery in orders from the US, following tariff reductions under the proposed India–US trade deal. Industry representatives said the move will restore competitiveness, improve margins and revive volumes that were under pressure over the past year.Textile and apparel exporters are now expecting an increased…
Sarees, suits and readymade garments made of Man-Made Fiber (MMF) in addition to premium cotton apparel are set to get a shade cheaper with nominal price reductions. With incentives rolled out for textile manufacturing, some relief is expected from fabric and garment makers in textile and apparel pricing, though the impact is unlikely to be…
NEW DELHI: Textile minister Giriraj Singh Friday indicated that India and EU will announce a trade deal in the next four days and urged industry to diversify so that garment exports grow. Drawing comfort from trade numbers, he said: “Many believed that Indian exports will fall due to the tariff war. Industry was worried… Despite…
The Confederation of Indian Textile Industry (CITI) has urged the government to permanently remove the 11 per cent import duty on cotton in the Union Budget 2026, warning that the levy is aggravating cost pressures and hurting the global competitiveness of domestic textile and apparel manufacturers, PTI reported.A CITI delegation met Union Agriculture Minister Shivraj…
The government has approved 17 additional applicants under the Production Linked Incentive (PLI) Scheme for textiles in the third selection round, a move the Textile Ministry said will strengthen domestic manufacturing and improve India’s competitiveness in man-made fibre (MMF) apparel, MMF fabrics and technical textiles.According to the ministry, the newly approved companies have committed investments…
India is working to regain its price edge in the global textiles market as Bangladesh, Vietnam and China become more competitive. The government is preparing a cost-reduction roadmap that will be rolled out in phases: a short term plan for two years, five years for medium plan and a plan for the long term. The…
