Textile Export

According to the respondents, buyers in US are asking for up to 30 per cent discounts

The textile hub embraces man-made fibres, aiming for ₹25,000 crore worth of exports by 2030, even as it struggles with ecosystem gaps and fierce competition. Shine Jacob's ground report

The US is India's largest market for textile and apparel exports, and had clocked around $4.59 billion worth of exports during the January to May 2025 period

Prime Minister Narendra Modi on Sunday said he is optimistic that the textile sector will achieve the Rs 9 lakh crore annual exports target ahead of the 2030 deadline. This assumes significance in view of the General Budget 2025 announcement of a five-year Cotton Mission to increase cotton productivity especially of extra-long staple varieties. It allocated Rs 500 crore for the National Cotton Technology Mission. Speaking at the Bharat Tex 2025, Modi said, "We are currently ranked as the 6th largest exporter of textiles and apparel in the world, with textile exports valued at approximately Rs 3 lakh crore. Our goal moving forward is to triple this figure and achieve exports worth Rs 9 lakh crore. "This success is attributed to the hard work and consistent policies implemented over the past decade, which have led to a doubling of foreign investment in the textile sector during this period. He said, "The way work is being done, I think we will achieve this target ahead of the 2030 .

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 ..

Exports stitch together 13% rise, with 22% jump in August, as Bangladesh crisis leads to growth

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

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.

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

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

The country's exports of textiles and apparel, including handicrafts, rose to $29.8 billion during April-December this fiscal as compared to $21.2 billion in the same period last year

The demand for textile products and also domestic sales have come down to a grinding halt due to the panic situation created by the outbreak of Covid-19.

Delay in policy support blocks working capital, promoters increase stake in companies on revival hopes

The textiles and apparel industry contributes 2.3 per cent to India's GDP and accounts for 13 per cent of industrial production, and 12 per cent of the country's export earnings

"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

The industry saw nearly 300,000 tonnes of new capacity across the entire value chain in the past two to three years

The govt's serial failures to negotiate free trade agreements, and the industry's dependence on duty drawbacks at the expense of innovation are causing the textile industry to lose out to Bangladesh

Last week, the government extended the scheme to merchant exporters, who form a major part of India's textile and apparel exports

Despite Government's decision to enhance Merchandise Exports from India Scheme (MEIS) and Remission of State Levies (RoSL) for textile sector, the second largest employment generator, the industry says shortfall is 2.7 per cent compared to pre-GST era.In a notification on Saturday late evening, Centre said post-GST rates of RoSL are upto a maximum of 1.70 per cent for cotton garments, 1.25 per cent for MMF, Silk and Woolen garments and 1.48% for apparel of blends.Rates are upto a maximum of 2.20 per cent for cotton made-ups, 1.40 per cent for MMF and silk made-ups and 1.80% for made-ups of blends. For sacks and bags made of jute, the rate is 0.60%. The RoSL rate for garments under AA-AIR combination is 0.66 per cent.These rates shall be effective from October 1, 2017. Further, DGFT has enhanced the rates under the MEIS from 2% to 4% on RMG and made ups from November 2017 to June 2018. For MEIS, Rs 1,143.15 crore was allocated for 2017-18 and Rs.685.89 crore in 2018-19.This is to ...

Data from the ministry of textiles shows a five per cent fall to $34.9 billion for 2016