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Indian Textile Exports

What products and services may see their prices change in Budget 2025?

The Finance Minister is expected to prioritise economic growth, domestic manufacturing, and offer relief to consumers in the upcoming budget to address inflation, fiscal consolidation, and job creatio

What products and services may see their prices change in Budget 2025?
Updated On : 24 Jan 2025 | 9:01 AM IST

Textile exports increase 7% to $21.35 bn in Apr-Oct of FY25: Govt

India's textiles and apparel exports, including handicrafts, grew 7 per cent during the April-October period to USD 21.35 billion, the government said on Thursday. The outbound shipments from the sector stood at USD 20 billion in the same period of the previous financial year, FY 2023-24. "The Ready Made Garments (RMG) category with exports of USD 8,733 million has the largest share (41 per cent) in the total exports (USD 21,358 million) during the period of April-October of FY 2024-25, followed by Cotton Textiles (33 per cent, USD 7,082 million), Man-Made Textiles (15 per cent, USD 3,105 million)," the Textiles Ministry said. Growth of exports was observed in all principal commodities during April-October of FY 2024-25, as compared to corresponding period of FY 2023-24, except wool and handloom, which declined by 19 per cent and 6 per cent, respectively, the Ministry said. Meanwhile, the overall import of textiles and apparel including handicrafts declined 1 per cent during the ..

Textile exports increase 7% to $21.35 bn in Apr-Oct of FY25: Govt
Updated On : 02 Jan 2025 | 4:10 PM IST

Readymade garment exports rise 12% in Aug despite global challenges

The country's ready-made garment exports (RMG) in August rose by about 12 per cent to USD 1.26 billion despite global headwinds and challenges such as high logistic cost, according to the commerce ministry data. Cumulatively, RMG exports during the April-August period of 2024-25 grew by 7.12 per cent to USD 6.39 billion. Apparel Export Promotion Council (AEPC) Chairman Sudhir Sekhri said that exports are keeping the growth momentum despite global headwinds, persisting Red Sea crisis and other challenges such as high logistic costs. "Growing at an average of 7.12 per cent in the last five months (April to August 2024-25), the RMG exports have bucked the trend of falling merchandise exports which touched a 13-month low in August," he said. He added that with focus on product quality as well as environmental and social compliance, the industry is poised to take a leap into high growth trajectory and be a major global player of garment exports. "I am hopeful that the growth momentum w

Readymade garment exports rise 12% in Aug despite global challenges
Updated On : 19 Sep 2024 | 4:56 PM IST

India's textiles export hub Tiruppur stitches a new tale after FY24 setback

This revival is mainly driven by major orders from global players like Primark, Tesco, George at ASDA and Decathlon

India's textiles export hub Tiruppur stitches a new tale after FY24 setback
Updated On : 15 Jul 2024 | 10:56 PM IST

Here's why EU's ecodesign regulation can hurt export of textiles, footwear

EU's ecodesign regulation mandates rigorous energy performance and environmental sustainability, prohibiting the disposal of unsold textiles and footwear, potentially impacting India's export volumes

Here's why EU's ecodesign regulation can hurt export of textiles, footwear
Updated On : 18 Jun 2024 | 12:15 PM IST

Govt to give focused attention to promote textiles' exports, says secy

The government will accord focused attention to promote India's textiles exports, which declined for the second year in a row in 2023-24, Textiles Secretary Rachna Shah said. The government has set an ambitious target to achieve USD 100 billion export for textile products by 2030. The cumulative exports of textiles and apparel from India during April 2023-March 2024 registered a de-growth of 3.24 per cent at USD 34.4 billion, as compared to USD 35.5 billion in April 2022-March 2023. In 2021-22, outward shipments of textiles and apparel were recorded at over USD 41 billion. "We had challenges like the Red Sea crisis making it slightly more challenging," Shah said on the decline in India's textiles exports in 2023-24. Although geo-political challenges remain, the textiles secretary said some exporters have reported improvement in their order books in the first quarter and the shipments are likely to improve in the coming months. "We will be looking at more focused attention on prod

Govt to give focused attention to promote textiles' exports, says secy
Updated On : 12 May 2024 | 10:51 AM IST

India's textiles sector eyeing $100-billion exports in 5-6 years: Goyal

The minister said that last year, textile export was approximately USD 42 billion, while the target is to achieve USD 100 billion by next 5-6 years

India's textiles sector eyeing $100-billion exports in 5-6 years: Goyal
Updated On : 27 Oct 2022 | 5:24 PM IST

Bangladesh, Vietnam seen as competitors in textile and garment trade

With a share of about 13 per cent, UP is one of the top three domestic textile players. Bangladesh, Vietnam, and Indonesia are the leading textile exporters in the Asia region.

Bangladesh, Vietnam seen as competitors in textile and garment trade
Updated On : 17 Oct 2022 | 10:49 PM IST

Tiruppur exporters brace for slowdown, see demand dipping by 40%

Tiruppur contributed around 54.2 per cent of the country's textile exports last fiscal

Tiruppur exporters brace for slowdown, see demand dipping by 40%
Updated On : 30 Sep 2022 | 8:08 PM IST

Textile exporters bat for fine tuning of RoSCTL scheme to retain edge

The discount on tradeable scrips has gone up from 3% to about 20%, benefitting importers who are taking undue advantage at the cost of exporters, says industry

Textile exporters bat for fine tuning of RoSCTL scheme to retain edge
Updated On : 17 Jun 2022 | 7:10 PM IST

India's textiles exports highest-ever in FY22 at $44.4 bn, says govt

The exports tally, which also includes handicrafts, indicates a substantial increase of 41 per cent and 26 per cent over corresponding figures in FY21 and FY20, respectively.

India's textiles exports highest-ever in FY22 at $44.4 bn, says govt
Updated On : 31 May 2022 | 7:28 PM IST

China-Plus-One to push Indian textile exports to $65 bn by 2026: Study

Surge is likely to generate 7.5-10 million new jobs

China-Plus-One to push Indian textile exports to $65 bn by 2026: Study
Updated On : 28 Oct 2021 | 1:36 AM IST

India's textile exporters to see 20-25% growth this fiscal: Icra eport

Sharp surge in demand for home improvement products; strong festive demand seen this year backed by favourable vaccination coverage across key markets

India's textile exporters to see 20-25% growth this fiscal: Icra eport
Updated On : 17 Aug 2021 | 2:06 PM IST

Govt notifies extension of RoSCTL scheme for textile exporters

The government on Friday notified RoSCTL scheme for textiles exporters and said duty credit scrips under this support measure would be issued without insisting on realisation of the export proceeds

Govt notifies extension of RoSCTL scheme for textile exporters
Updated On : 13 Aug 2021 | 8:15 PM IST

Govt's decision to withdraw MEIS incentives set to hit textile exporters

The government has removed the benefit of 4 per cent Merchandise Exports from India Scheme on exports of made ups and garments with retrospective effect, that is, from March 7, 2019

Govt's decision to withdraw MEIS incentives set to hit textile exporters
Updated On : 25 Jan 2020 | 10:18 PM IST

Textile can become a $300-bn industry by 2030, create 35 mn more jobs: CII

Synthetic fabrics and performance garments are going to be the two most promising segments: CII Tamil Nadu State Council Vice Chairman Hari Thiagarajan

Textile can become a $300-bn industry by 2030, create 35 mn more jobs: CII
Updated On : 27 Nov 2019 | 10:15 PM IST

Home textile exporters' body writes to PM, seeks release of pending rebate

"As the matter is still under consideration of the PM Office and we are hopeful that we will get a positive response at the earliest," HEWA Director Anant Srivastava told PTI

Home textile exporters' body writes to PM, seeks release of pending rebate
Updated On : 12 Nov 2019 | 5:40 PM IST

India's textile and apparel exports jump by 14% in November

In dollar term, however, India's textiles and apparel exports recorded a mere 2 per cent jump to $2.64 billion for November 2018 versus 2.57 billion for the same month last year

India's textile and apparel exports jump by 14% in November
Updated On : 19 Dec 2018 | 11:31 PM IST

Duty drawback rate increase to boost textile exports from India

Duty drawback rates have been raised by up to 70 per cent across all varieties of textile value chains

Duty drawback rate increase to boost textile exports from India
Updated On : 11 Dec 2018 | 11:54 PM IST

How a $3 trillion Indian economy is hurting the country's textile exports

Since India has reached that GDP threshold, textile units in the country no longer enjoy the soft duties applicable to the competition in Bangladesh, Pakistan and Vietnam

How a $3 trillion Indian economy is hurting the country's textile exports
Updated On : 05 Nov 2018 | 12:54 AM IST