[ad_1] Profitability of RMG exporters dependent on the U.S. could contract 300-500 basis points, says Crisil Ratings. | Photo Credit: SIVA SARAVANAN S Revenue growth of India’s readymade garment (RMG) industry is set almost to halve on-year this fiscal as the imposition of 50% tariffs by the U.S. comes into effect from August 27, according […]
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[ad_1] 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 […]
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[ad_1] Two major sectors that have a dominant presence of Micro, Small and Medium-scale Enterprises (MSMEs) and are expected to gain immensely from the India-U.K. Free Trade Agreement are textiles and engineering. Elimination of tariffs on textiles and garments from the earlier average level of 12% will remove the duty disadvantage that the Indian exporters […]
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[ad_1] The textile industry is pitching for a fibre-neutral GST at 5% for the entire textile and apparel value chain. | Photo Credit: SAMUEL RAJKUMAR The textile industry is pitching for a fibre-neutral GST at 5% for the entire textile and apparel value chain. Currently, cotton-based textile sector has 5% GST, except for garments priced […]
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[ad_1] Sanathan Textiles will commission a greenfield polyester filament yarn (PFY) production unit in Punjab in the next four to six weeks, said Sammir D. Dattani, Executive Director. The plant that is coming up with almost ₹2,100 crore investment in the first phase will have a capacity to produce 2.4 lakh tonne of yarn annually […]
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[ad_1] 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 […]
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[ad_1] The textile industry, which is the main consumer of cotton, has welcomed the decision of the Central government to postpone implementation of Quality Control Order on cotton bales. | Photo Credit: S_HARPALSINGH The Bureau of Indian Standards (BIS) has postponed the implementation of Quality Control Order on cotton bales to August 2026 from August […]
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[ad_1] 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 […]
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[ad_1] An outfit from Ghazal | Photo Credit: Special Arrangement Blending the beauty of poetry with fashion, WeaverStory kickstarted the year with a collection called Ghazal. Describing the range as a “celebration of grace, creativity and the quiet strength of a poet’s world,” CEO and founder of the apparel brand Nishant Malhotra says he was […]
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[ad_1] Designer Urvashi Kaur with celebrities and models during her show at Lakme Fashion Week 2024 at Jio World Convention centre in Mumbai, India on March 14. | Photo Credit: Perfect Shadows, FDCI x Lakme Fashion Week and RISE Worldwide In 2008, when Urvashi Kaur started her label, after working with fashion designer Neeta Paul […]
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