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India’s Textile Exporters Seek Removal of Cotton Import Duty Amid Price SurgeIndia’s textile and garment exporters have urged the central government to suspend the 11% import duty on cotton, citing a sharp rise in domestic prices that has significantly eroded margins and weakened their global competitiveness. Domestic cotton prices have increased by 7%––8% over the past month, driven by a surge in demand as higher crude oil prices pushed up the cost of...0 Kommentare 0 Geteilt 339 Ansichten 0 Bewertungen
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Iran-US Conflict Disrupts Karur Textile Cluster; Costs Surge, Exports StallThe ongoing conflict in West Asia has severely impacted textile manufacturers in Karur, disrupting exports, inflating input costs, and constraining production in one of India’s key home textile hubs. The Karur cluster, known for its long-standing reputation in global home textile exports, contributes significantly to India’s outbound trade. With an annual manufacturing value...0 Kommentare 0 Geteilt 265 Ansichten 0 Bewertungen
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Karur textile industry seeks relief over raw material price surgeThe Karur Textile Manufacturers and Exporters Association (KTMEA) has urged both the Union and Tamil Nadu governments to intervene and support the textile industry, which is facing mounting pressure due to rising raw material costs and disruptions caused by the ongoing conflict in West Asia. A resolution passed during the association’s meeting held last week said the industry was...0 Kommentare 0 Geteilt 156 Ansichten 0 Bewertungen
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The Times Of India hat ein neuen Blog hinzugefügt Fashion Media & PublicationsTextile bodies seek relief to deal with cotton price surgeCHENNAI: The textile industry has raised concerns over a sharp increase in cotton prices in the past two months and tightening domestic supply, along with heightened raw material and logistics costs, could adversely impact the industry, hard-hit by US tariffs last year. Neeraj Jain, managing director of Vardhman Textiles, raised concerns about domestic supply during the company's latest...0 Kommentare 0 Geteilt 82 Ansichten 0 Bewertungen
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Tiruppur Knitwear Exports Surge 20% To Rs 40,000 Cr In FY25Tiruppur’s knitwear export sector recorded robust growth in FY 2024-25, clocking exports worth Rs 40,000 crore, a 20% increase over the Rs 33,400 crore achieved in FY 2023-24. The performance surpassed the projected 10% growth, with the industry now targeting a 15% rise in the current fiscal year. KM Subramanian, President of Tiruppur Exporters’ Association (TEA), attributed the...0 Kommentare 0 Geteilt 206 Ansichten 0 Bewertungen
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Tirupur Hit by Sharp Yarn Price SurgeThe knitwear hub of India, Tirupur, is battling the constant rise in yarn prices. The prices for yarn knitwear production have increased by Rs 7 (US $0.073) across all varieties this month, taking the total increase to Rs 41 (US $0.43) over the past five months. The Centre’s 11% import duty waiver on cotton between August and December last year kept prices stable, however, with the...0 Kommentare 0 Geteilt 173 Ansichten 0 Bewertungen
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Weak rupee offers exporters marginal edge as input costs surgeThe Indian rupee has fallen to an all-time low against the US dollar, offering a marginal boost to export competitiveness while simultaneously raising concerns over higher input costs and weakening trade momentum. Industry executives indicated that although the depreciation could improve price realisation for exporters, particularly in price-sensitive markets, the benefits are likely to be...0 Kommentare 0 Geteilt 176 Ansichten 0 Bewertungen
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West Asia Conflict Disrupts Surat Textile Trade, Shipping Costs Surge 400%The ongoing conflict in West Asia is beginning to affect India’s textile trade, with manufacturers in Surat raising concerns over soaring shipping costs, delayed payments and rising raw material prices. Industry leaders say shipping costs for consignments have risen by as much as 400%, while prices of man-made fibre — a key raw material for synthetic textiles — have increased...0 Kommentare 0 Geteilt 315 Ansichten 0 Bewertungen
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West Asia Conflict Drives Input Cost Surge for Gujarat’s Textile and Chemical IndustriesIndustrial units in Gujarat’s key textile and chemical clusters are facing rising production costs and supply disruptions as the ongoing Israel-Iran conflict pushes up energy and raw material prices, industry representatives have said. Manufacturers in Ahmedabad’s chemical clusters reported that gas companies have curtailed supplies to industrial consumers, forcing factories to...0 Kommentare 0 Geteilt 373 Ansichten 0 Bewertungen
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