Textile Exports

Crisis in Dhaka: Bangladesh textile biz may move to hubs like Tiruppur

India likely to see volume of such exports inflate by $400 mn per month

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

Commerce ministry targets $100 billion electronics, textile exports by FY30

Pharmaceutical exports are targeted to double to $55 billion by FY30, from $27.84 billion in FY24, focusing on drug formulations and biologicals

May textile exports dip over 12% as demand from Europe, US declines

Industry experts, however, foresee a reversal in the declining trend by July owing to moderating cotton prices and inflation in the West

India's technical textile exports grew 28.4% in 2021-22: Govt to Lok Sabha

In view to boosting the technical textiles sector in the country, the government has set up the National Technical Textiles Mission (NTTM) for a period of 4 years with an outlay of Rs 1,480 crores

FTA with Australia to create level-playing field for home textile exporters

Even as there is a slowdown in demand for Indian garments in the US and Europe, free trade agreement (FTA) with Australia is likely to provide a level-playing field for home textile exporters in 2022-23, according to a report. The build-up of inventories on account of the cut on discretionary expenditure and reallocation of expenses to services have reduced imports into the key US market, according to a India Ratings and Research (Ind-Ra) report. Consequently, the home textile segment continued to experience a demand slowdown, whereas other segments of cotton, apparel and man-made spinning continue to benefit from the China+1 sourcing and continuing US ban on the use of cotton from Xinjiang, China. However, given the discretionary nature of textile products, Ind-Ra expects the slowing demand in Europe, the US and other parts of the world to have an impact on textile exports. In addition, the report stated that small yarn players facing cotton availability issues are likely to get .

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

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

TMS Ep204: Tiruppur textile, Pallonji Mistry, liquor stocks, tokenisation

How can India create 75 more Tiruppurs? What legacy has Pallonji Mistry left behind? Will fizz return to liquor stocks? What is tokenisation? All answers here

How can India replicate the success of Tiruppur in 75 other places?

The small town of Tiruppur contributes about 90% of knit-wear exports from India. Govt now plans to create 75 textile hubs across India like Tiruppur. Find out the significance of this textile hub

Making efforts to promote brand India at global platforms: AEPC

Exports of ready-made garments during 2021-22 stood at $16 billion, an increase 30.4 per cent over previous year

Denim major Vishal Fabrics to double exports this fiscal, add capacity

Vishal Fabrics is the flagship of the diversified Chiripal Group and commenced operations in 1985

FinMin waives customs duty on cotton imports till September 30

Currently, cotton imports attract 5 per cent Basic Customs Duty (BCD) and 5 per cent Agriculture Infrastructure Development Cess (AIDC)

We should cross $40 billion export-mark this year: Textiles Secretary

India's textiles exports are expected to cross $40 billion during the current fiscal, Textiles Secretary UB Singh said on Wednesday.

India's textile industry at near capacity, raising hopes for creating jobs

India is the world's fifth biggest textile and apparel exporter with a 4% share of the $840 billion global market

Textile exports registered 41% growth during April-December 2021

During the period between April and December, 2021, total textiles and apparels exports, including handicrafts, stood at $29.8 billion

Natural gas shortage leads to Pakistan losing 20% of vital textile exports

About $250 million of textiles exports were lost last month after mills in Punjab were forced to shut for 15 days, said Shahid Sattar, executive director of All Pakistan Textile Mills Association

India's textile and apparel exports outshine pre-Covid numbers

Export of all commodities in the segment was valued at $263 billion during the April-November period in 2021-22

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

Value of textile exports should be increased to $100 bn from $33 bn: Goyal

Goyal says PLI and mega textile parks scheme to be approved soon