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India-New Zealand FTA unlocks new growth for textile exportsKey insights India secures 100% duty-free access for textile and apparel exports to New Zealand. Tariff removal enhances competitiveness in a high-value, quality-driven market. Agreement supports India’s $350 billion textile sector target by 2030. New Zealand commits $20 billion in investment in India over 15 years. Strong potential in sustainable textiles, home textiles, and technical...0 Comments 0 Shares 73 Views 0 Reviews
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Centre May Remove 11% Cotton Import Duty Amid Rising Input Costs and West Asia CrisisProposed move aims to support textile manufacturers as cotton and fuel prices continue to increase The Union government is expected to remove the 11% duty on cotton imports till October to provide relief to textile manufacturers dealing with higher input costs linked to the West Asia crisis. The proposal comes as cotton prices and fuel costs continue to rise, increasing pressure on the apparel...0 Comments 0 Shares 77 Views 0 Reviews
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India’s Textile Sector Has Major Growth Opportunity Despite Global Challenges: Nirmala SitharamanClimate change, geopolitical tensions and technology shifts may reshape textile trade, says Finance Minister at TEXPROCIL Export Awards in Mumbai Finance Minister Nirmala Sitharaman said India’s textile industry must prepare for a changing global trade environment shaped by climate change, geopolitical tensions and rapid technological developments. Speaking at the TEXPROCIL Export Awards...0 Comments 0 Shares 47 Views 0 Reviews
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Indian Textile Companies Target Export Growth Through FTAs With EU and UKIndustry players expand overseas presence as free trade agreements open opportunities in European markets Indian textile companies are looking to increase exports to the EU, UK and other international markets through free trade agreements and supply chain realignment strategies. Industry players including Gokaldas Exports, KPR Mill, Arvind, Welspun Living, Vardhman Textiles and Pearl Global...0 Comments 0 Shares 87 Views 0 Reviews
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Vietnamese Pavilion to debut at Source Fashion July 2026Source Fashion has continued its international expansion by confirming the launch of a Vietnamese Pavilion at its July show this year. The new Vietnamese Pavilion results from a partnership between Source Fashion and the Vietnam Textile and Apparel Association. It will bring a selected group of manufacturers from Vietnam to the UK market. This initiative responds to...0 Comments 0 Shares 57 Views 0 Reviews
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Vietnam Exporters Align with EU Sustainability MeasuresVietnam's textile and footwear sector is entering a new phase in its relationship with Europe: growth still matters, but compliance is quickly becoming the price of admission. As the European Union tightens environmental and product requirements, Vietnamese exporters are rethinking how they produce and deliver, moving toward greener, more circular models that cut waste, emissions, and resource...0 Comments 0 Shares 31 Views 0 Reviews
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Election-Linked Labour Migration Costs Gujarat Textile Sector US $125 Million, Says IndustryGujarat’s textile and manufacturing sectors are facing significant production disruptions due to repeated election cycles and the large-scale migration of migrant workers during polling periods, according to industry representatives participating in consultations held by the Joint Parliamentary Committee (JPC) examining the proposed “One Nation, One Election” framework. The...0 Comments 0 Shares 47 Views 0 Reviews
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Odisha plans AI-enabled handloom hubs and textile parks in 3 districtsThe Odisha Government is mulling over a series of ambitious projects for establishment of AI and block-chain-enabled handloom hubs and apparel parks in Cuttack, Bargarh and Jajpur districts. The proposals were discussed at a high-level meeting chaired by Works Department Principal Secretary Sanjay Kumar Singh. Senior officials from the Handlooms, Textiles and Handicrafts, Tourism and Works...0 Comments 0 Shares 77 Views 0 Reviews
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Textile MSMEs Expected to Face Slower Revenue Growth and Margin Pressure in FY27: CRISIL IntelligenceThe readymade garment (RMG) industry, dominated by MSMEs, is expected to record revenue growth of 4–6 per cent in FY27, reaching ₹5.7 trillion. This compares with growth of 6–8 per cent in FY26. CRISIL Intelligence noted that higher realisations and recovery in RMG exports are likely to support growth during the financial year. However, profit margins are projected to decline by...0 Comments 0 Shares 30 Views 0 Reviews
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