Sector Textiles, Apparels & Acc. - Latest news, views and updates

SECTOR | 03 Aug 2025

Textile ministry likely to meet industry players next week over US tariffs

Business Standard

Union Textiles Minister Giriraj Singh will meet industry stakeholders next week to deliberate upon the potential impact of US President Donald Trump's announcement to impose a 25 per cent tariff on India and seek their views on the issue, according to sources. The US is India's largest market for textile and apparel exports, accounting for about 25 per cent of the country's total outbound shipment from the sector. Discussions in the meeting will also revolve around realising opportunities arising for India's textile sector from the UK-India FTA, which was signed last month, as the government and industry want to leave no stone unturned to achieve the textile export target of USD 100 billion by 2030, and mitigate the potential impact of the US tariff announcement, sources told PTI. While it would be "premature" to talk about any measures being considered to support domestic textile exporters in light of the US announcement, they said, the government wants to seek the industry's...

Textiles, Apparels & Acc.

SECTOR | 01 Aug 2025

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

Business Standard

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...

Textiles, Apparels & Acc.

SECTOR | 30 Jul 2025

Trump Tariff Impact: Textiles, Pharma, Oil & Gas, Electronic Equipment Face Threat

NDTV Profit

Among the hardest hit would be auto and auto ancillary companies with high exposure to the US.

Textiles, Apparels & Acc.

SECTOR | 29 Jul 2025, 09:13AM

Q1 results today: L&T, Asian Paints, Varun Beverages, NTPC on July 29

Business Standard

Q1 FY26 company results today: ASK Automotive, Bank of India, GHCL Textiles, Lloyds Engineering Works, and Zee Media will release their April-June quarter earnings reports on July 29

Textiles, Apparels & Acc.

SECTOR | 11 Jul 2025

Cotton body CAI sees higher opening stocks for next season at 55.5 lakh bales

Business Line

Opening stocks up 84% for 2025-26 season starting September

Textiles, Apparels & Acc.

SECTOR | 01 Jul 2025

Union Textiles Ministry approves 1,894 crore PM Mitra Park development in TN

Business Line

The park in 1,052 acres is located at Virudhunagar to attract technical textiles processing and integrated units

Textiles, Apparels & Acc.

SECTOR | 27 Jun 2025

Govt will protect textile sector in US trade deal: Goyal tells export body

Business Standard

Commerce and Industry Minister Piyush Goyal has assured industry bodies that the government will protect the interests of the textiles and apparel sector in the proposed trade agreement with the US, AEPC said on Friday. Apparel Export Promotion Council (AEPC) Chairman Sudhir Sekhri said he, along with TEXPROCIL (Cotton Textiles Export Promotion Council) Chairman Vijay Agarwal, met the minister to apprise him of key concerns related to the proposed agreement. "The minister gave a patient hearing to the concerns raised and assured the delegation that the government is committed to protecting labour-intensive sectors during the ongoing negotiations under the India-US Bilateral Trade Agreement," the council said in a statement. The minister also reiterated that all necessary steps would be taken to ensure that India's interests, especially those of vulnerable sectors like textiles and apparel, are safeguarded. It further said that if the US will go ahead with the additional 26 per cent