A high-level Saudi Arabia delegation led by its Vice-Minister for Industry and Mineral Resources Khalil ibn Salamah met the Secretary, Union Ministry of Textiles, Neelam Shami Rao, in New Delhi on Tuesday to advance bilateral cooperation in the textile sector. India was the second-largest supplier ($517.5 million) to Saudi Arabia’s textile and apparel sector in […]
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Textile exporters who import certain varieties of polyester fibre or yarn that come under mandatory Quality Control Order (QCO) under Advance Authorisation scheme now have 18 months time to fulfil the export obligation. The Central government said on Thursday that the export obligation period against import of products that are subjected to mandatory QCO by […]
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The exporters have urged the government to reintroduce the interest subvention scheme. Indian exporters, mainly the micro, small and medium-scale enterprises, have 2% to 3% disadvantage because of the high interest rates in India compared to the competing countries. | Photo Credit: SIVA SARAVANAN S Exporters of textiles, garments, and engineering goods fear that the […]
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Textiles exports declined 2.07% in June 2025 compared with the same month in the previous year, even as exporters are confident of better orders in the coming months. For April-June 2025, textile exports shrank 0.94% as against the same period last year. Apparel exports registered a 1.23% growth in June compared with June 2024 and […]
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The rising mid-income populations across Africa, South East Asia, and Latin America has led to a growth in demand for performance-driven, climate-adapted, and cost-sensitive apparel that the Indian manmade fibre (MMF) sector can tap, study shows. Representational image. | Photo Credit: Reuters The rising mid-income populations across Africa, South East Asia, and Latin America has […]
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Shipments of a significant quantity of basmati rice and tea, the two major commodities that are exported from India to Iran, are on hold because of the Iran-Israel conflict, putting exporters on wait and watch mode. Iran is the largest market for Indian basmati rice as 1.2 million tonnes of the total six million tonnes […]
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Photo used for representation purpose only. | Photo Credit: The Hindu The government should address the structural challenges faced by the Indian textile and apparel industry to achieve $ 100 billion exports by 2030, according to stakeholders of the industry. At a meeting held in Coimbatore on Friday (June 6, 2025) to discuss the challenges […]
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Union Commerce, Industry and Textiles Minister Piyush Goyal on Friday unveiled a new Foreign Trade Policy that moves away from providing incentives to exporters, but lowers a few costs for smaller firms and promises swifter clearances, along with a one-time amnesty scheme for export obligation defaults. Replacing the extant policy that had been in place […]
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The story so far: India’s exports declined about 16.7% in October compared with the year-earlier period. This is the first slide reported for any month since February 2021. October imports rose at a much milder pace than earlier, most likely because of softening commodity prices worldwide, and trade deficit widened by as much as 50%. […]
Continue ReadingFormer Niti Aayog vice-chairman Rajiv Kumar. File | Photo Credit: Sandeep Saxena India will still grow at 6%-7% in the next 2023-24 fiscal even as the economy may be affected by uncertain global conditions, former Niti Aayog Vice-Chairman Rajiv Kumar has said amid growing fears of the world slipping into a recession. Mr. Kumar further said […]
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