The US is India's biggest market for textiles and apparel. In 2024-25, the sector was valued at about $179 billion, including a $142 billion domestic market and $37 billion in exports
Textiles, shrimp-related stocks rallied in Thursday's intra-day trade following reports that the US and India are close to signing a trade deal which could see substantial cut tariffs.
While US President Donald Trump and Prime Minister Narendra Modi have assured that trade negotiations are continuing, no deal has been reached so far
Welspun Living, Gokaldas Exports, Pearl Global, Vardhman Textiles, Trident, Kitex Garments, Nahar Spinning and Himatsingka Seide rallied between 5 per cent and 12 per cent.
The Union government must put forward a coherent policy framework to safeguard India's export sectors, with particular attention to textiles
Unless the country can leverage its raw material advantage and new trade deals
Retail giants like Walmart, Amazon, and H&M ask Indian suppliers to hold shipments as the US raises textile and apparel import duties to 50 per cent
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
Union Textiles Minister Giriraj Singh will meet industry stakeholders next week to deliberate upon the potential impact of US President Donald Trump's announcement to impose a 25 per cent tariff on India and seek their views on the issue, according to sources. The US is India's largest market for textile and apparel exports, accounting for about 25 per cent of the country's total outbound shipment from the sector. Discussions in the meeting will also revolve around realising opportunities arising for India's textile sector from the UK-India FTA, which was signed last month, as the government and industry want to leave no stone unturned to achieve the textile export target of USD 100 billion by 2030, and mitigate the potential impact of the US tariff announcement, sources told PTI. While it would be "premature" to talk about any measures being considered to support domestic textile exporters in light of the US announcement, they said, the government wants to seek the industry's ...
In the medium to long term India's tariff rate are competitive with other major exporting countries and hence exports order will normalise once tariff effect gets absorbed in the market.
Titan, Gokaldas Exports, Welspun Living, Goldiam International and Indo Count are likely to decline up to 27% from here, as stocks break below key support levels; show technical charts.
Textile shares outlook: Analysts expect the Indian textile sector to benefit if India manages to sign a favourable trade deal with the US.
The Indian textile industry, which was worth $112 billion a decade ago, has grown by nearly 60 per cent to $176 billion today and our target is to grow it to $350 billion by 2030, says Giriraj Singh
Shares of Faze Three hit an all-time high of Rs 602.85, surging 7.5% in Thursday's intra-day trade, zooming 90% from its March month low of Rs 318 on the BSE.
India and the United Kingdom (UK) on Tuesday announced the conclusion of talks for a free trade agreement (FTA) that will boost strategic and economic ties between the countries.
The advantage could grow if trade negotiations lead to zero-duty cotton imports. Under Trump's tariff plan, Vietnam's textile exports will face a 46% duty, Bangladesh's 37%, and China's 54%
Lakshmi Subramanian's book provides a sweeping view of Indian business history, from pre-modern trade to corporate giants like Reliance, highlighting entrepreneurs and industrial evolution
Sanathan Textiles raised Rs 165 crore from anchor investors on Wednesday, December 18 with key anchors including SBI Magnum Children's Benefit Fund, Nippon India SmallCap Fund, HDFC Manufacturing Fund
During April-October, Indian textiles exports registered a growth of 4.01 per cent over the previous year while apparel exports registered a growth of 11.60 per cent during the same time
The ministry of textiles is preparing the framework and has been in consultations with the industry to take into consideration its views