Page 2 - Textile Industry

Trump tariff turbulence: Tiruppur knitwear lifeline stretched thin

The first in a series on the impact of 50% US tariff on Indian goods explores how the textile sector stands on edge, yet stitches prospects in the EU and UK

Textiles PLI scheme reopened; portal goes live again to invite applications

Govt reopens PLI scheme for MMF and technical textiles to attract new applicants after lukewarm response and as US tariffs threaten labour-intensive sectors

US tariff hike halts Indian textile exports as major retailers pause orders

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

Leather, textile, shrimp exports to be hit hard by 25% US tariff: Experts

Domestic export sectors such as leather, footwear, textiles and shrimp will be hit hard by the imposition of the 25 per cent tariff by the US, industry experts say. "Quick estimates suggest that India's goods exports in FY 2026 may come down by 30 per cent from USD 86.5 billion in FY 2025 to USD 60.6 billion in FY 2026," GTRI Founder Ajay Srivastava said. The duty, announced this week, will come into force from August 7 (9.30 am IST). These will be over and above the exiting standard import duty in the US. The 25 per cent tariff will replace the existing 10 per cent baseline tariff. The modified tariff is one per cent less than the 26 per cent levy announced by President Donald Trump on April 2. A White House executive order mentions that tariffs may be reduced once countries make a deal with the US. The executive order also clarifies that goods in transit until October 5, 12:01 am eastern daylight time (EDT), or 09:30 am IST, will be subject to a 10 per cent tariff, provided that

US tariffs to hurt textile exports; govt must act fast: Industry body chief

The 25 per cent tariff announced by the US will hurt the textile and apparel exports from India and the government should come to the aid of exporters, said the Confederation of Indian Textile Industry (CITI) on Friday. US President Donald Trump has announced imposition of 25 per cent tariff on Indian exports which will come into effect from August 7. The CITI suggested that the government should facilitate the availability of raw material for the sector at internationally competitive rates to enable the domestic exporters compete with international peers. The decision of the US to substantially reduce tariffs for competing countries like Bangladesh will compound the difficulties for India's textile and apparel exporters, CITI Chairman Rakesh Mehra said. The new US tariff for Bangladesh is 20 per cent, Indonesia and Cambodia 19 per cent each and Vietnam 20 per cent. Currently, China is the biggest exporter of textiles and apparel items to the US, followed by Vietnam, India, and ...

Indian textile industry in uncertainty, still sees edge over rivals

Indian exporters call US tariff hike a blow to textile ambitions but say strong supply chain and lower duty rates than rivals will help retain market presence

Textile firm AB Cotspin plans ₹1.5k cr investment to expand mfg capacity

Integrated textile firm AB Cotspin India has announced plans to invest up to Rs 1,500 crore to significantly expand its manufacturing capacity. The investment will be funded through a combination of bank financing, internal accruals, and government incentives, ensuring a robust and balanced capital structure, the company said in a stock exchange filing. The expansion project will involve the addition of approximately 2,00,000 spindles to the company's existing capacity of 50,832 spindles, effectively doubling its production scale, the Bathinda-headquartered firm said. The new capacity will be established across India, with key locations in Madhya Pradesh and Maharashtra, and is expected to become fully operational within the next three years. "This strategic project covers a wide spectrum: acquiring land on lease; setting up state-of-the-art manufacturing plants for spinning, ginning, yarn manufacturing, and processing; developing modern warehousing and logistics infrastructure; an

India could fill gap left by China in Japan's garment market: AEPC

India has the potential to fill the gap left by the declining share of China, the largest exporter of ready-made garments to Japan, the Apparel Export Promotion Council (AEPC) said on Friday. It also said that the council is leading a high-level delegation to Tokyo to explore opportunities for boosting exports and attracting investments by engaging with leading Japanese brands and retail chains. The delegation will participate in the India Tex Trend Fair, to be held in Tokyo, from July 15-17. More than 150 apparel exporters from India will be participating to display a diverse range and variety of domestic apparel products at the fair. "The council will be taking a high-level delegation to Tokyo to explore the possibilities of enhanced trade and investment by engaging deeply with top Japanese brands and retail chains," AEPC Chairman Sudhir Sekhri said. Sekhri said that deeper engagement with the Japanese market has resulted in greater utilisation of the free trade agreement betwee

Govt working on a separate PLI for garments: Textile minister Giriraj Singh

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

Textile industry knits business with AI as companies adopt technology

AI-enabled machines have features like precision stitching and predictive maintenance for improving production

Centre sets up a new task force to boost country's textile exports

The discussion touched upon a wide range of issues affecting the textile value chain

India threads trade advantage as US reciprocal tariffs fray textile majors

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%

Trump's 27% tariff on Indian exports: Who gains and who takes the hit?

The US Trump administration has levied a flat 27% tariff on Indian goods with some exemptions. Here how domestic players have been impacted

Sick units in Uttar Pradesh to make way for auto industry, IT parks

These defunct mills are scattered across Sitapur, Fatehpur, Prayagraj, Ghazipur, Farrukhabad, and Bulandshahr districts

Trump tariffs unlikely to impact rising Indian textile exports, say experts

In terms of tariffs on textiles and clothing, while India imposes a 10.4 per cent tariff on US imports, the tariff for Indian importers in the US is 9 per cent

At planning stage for greenfield expansion in India, says Trident CEO

Home textiles major Trident Group is charting out plans for greenfield expansion in India, which is gradually emerging as a quality and brand sourcing hub, while domestic consumption is also expected to multiply going forward, according to its CEO Samir Joshipura. The group, which has earmarked Rs 1,000 crore capex for FY26 for sustainability, modernisation, and asset enhancement initiatives, is currently at a planning stage for its expansion plans in India and is likely to announce it sometime next year, he told PTI. "We are in a planning phase, but year after, we are going to look at certain significant greenfield expansions...We have the scope of investing heavily, but we are not blindly going out...," he said. Explaining the reasons for a studied approach, Joshipura said, "India is also at a phase where, at the macroeconomic level, global economic level, we are going through a transition as a country from so-called low-cost sourcing hub to a quality and brand sourcing hub. Also

EU, Ministry of Textiles launch 7 projects in 9 states to boost industry

According to the press release, as many of these projects will also support local communities and industries, they are expected to economically empower around 200,000 women

PM Modi to address Bharat Tex fair 2025, over 110 nations participating

Apparel Export Promotion Council (AEPC) on Saturday said that more than 110 countries, including Japan, UAE, Iran, USA, Spain, and the UK, are participating in the Bharat Tex 2025, a global event being held from February 14-17 at Bharat Mandapam here. AEPC Chairman Sudhir Sekhri said that a large number of global brands and retail chains have come to attend the fair. "Japan has the largest number of apparel buyers represented in this show, followed by UAE, Iran, USA, Spain, UK, South Africa, Russia and Australia," he said, adding, "the presence of international delegations will further strengthen India's positioning as a reliable partner in the global textile market." Bharat Tex platform is the textile industry's largest and most comprehensive event comprising a mega expo spread across two venues and showcasing the entire textile ecosystem. Minister of Textiles Giriraj Singh inaugurated the fair on Friday. Minister of State for Textiles Pabitra Margherita, Textiles Secretary Neela

Economic Survey backs MMF shift as India lags in global textile production

The survey stated that the dominance of MSMEs limits scale and efficiency, while the sector's fragmented nature increases logistical costs

Textile hub Tiruppur threads a recovery on sliding rupee as exports surge

What's driving this surge? Partly, it's the rupee's depreciation versus the dollar, down nearly 3 per cent in 2024, which has made India's exports more attractive on the global stage