Industry

Trump Announces 25% Tariff On Indian Imports Over Russia Ties

Textile Insights July 30, 2025

U.S. President Donald Trump has announced a 25% tariff, along with an unspecified penalty, on Indian imports starting August 1, 2025, citing India’s continued defense and energy ties with Russia. In a sharply worded statement, Trump criticized India for maintaining strong military and

Policies

Textile Exports To Double Under India-UK Trade Pact

Textile Insights July 25, 2025

India and the United Kingdom have signed the Comprehensive Economic and Trade Agreement (CETA), India’s most ambitious free trade pact with a major developed nation in over a decade. The agreement was signed yesterday by India’s Commerce and Industry Minister Piyush Goyal and the UK’s Secretary of State for Business and Trade Jonathan Reynolds, in […]

Corporates

LMW Global FZE Powers Tajikistan’s Textile Future With Smart Spinning Innovations

Textile Insights July 24, 2025

LMW, a global leader in textile spinning machinery, has expressed a strong interest driving textile innovation by deepening strategic ties with the Republic of Tajikistan on July 7, 2025 and showcasing its Smart Spinning Machinery at the International Textile Forum held in Dushanbe on July 9 & 10, 2025. The LMW delegation, led by Jaidev […]

Corporates

LMW Global FZE Signs MoU With Ministry Of Industry And New Technologies, Republic Of Tajikistan

Textile Insights July 11, 2025

LMW, a global leader in textile spinning machinery manufacturing, proudly announces the signing of a significant Memorandum of Understanding (MoU) with the Ministry of Industry and New Technologies, Republic of Tajikistan. This landmark agreement was officially exchanged on 8th July 2025, during the prestigious International Textile Forum held in Tajikistan, which brought

Industry

India Gains Edge As US Tariffs Hit Textile Rivals

Textile Insights July 10, 2025

India’s textile and apparel industry is closely monitoring recent US tariff developments, anticipating potential opportunities as trade dynamics shift globally. Between January and May 2025, the US imported $5.11 billion worth of textiles and apparel from India 13% increase over the same period last year, signaling strong export momentum. “We are actively tracking the

Industry

Lesotho Faces Jobs Crisis As US Tariff Fears Grow

Textile Insights July 10, 2025

Lesotho has declared a national state of disaster due to “high rates of youth unemployment and job losses,” as the country grapples with uncertainty surrounding US tariffs and trade policies. The declaration, effective until 30 June 2027, enables the government to take emergency measures under the Disaster Management Act to mitigate the economic fallout,

Industry

Afreximbank To Build U$5 Bn Textile Hub In Nigeria

Textile Insights July 10, 2025

The African Export-Import Bank (Afreximbank) will begin construction of a U$ 5 billion integrated textile industrial facility in Nigeria this July, in partnership with Arise IIP and Swiss textile machinery firm Rieter, supported by the Swiss government. The move is part of a continent-wide industrialisation strategy, outgoing President Benedict Oramah announced at the

Sustainability

Textile Exchange Unveils 2030 Strategy – Doubling Down On Systems Change

Textile Insights July 10, 2025

Textile Exchange has announced a bold strategic shift as it aligns its operations and focus to meet the scale of transformation required for the fashion and textile industry to achieve critical climate and nature goals by 2030. The initiative, titled “Strategy to 2030: Doubling Down on Systems Change”, follows an extensive internal review launched in […]

Industry

BTMA Seeks Urgent Policy Reversal To Avert Textile Sector Crisis

Textile Insights July 10, 2025

Bangladesh’s primary textile industry is on the brink of a major disruption, warns the Bangladesh Textile Mills Association (BTMA), urging the government to roll back recent fiscal measures that threaten the survival of domestic spinning mills. In letters sent to key policymakers including the finance and commerce advisers, Bangladesh Bank Governor, and NBR Chairman, BTMA

Policies

Bangladesh Seeks Tariff Relief Amid Urgent Trade Talks With US

Textile Insights July 10, 2025

Bangladesh is in urgent negotiations with the US to avert looming tariffs that threaten its key exports, particularly apparel. Set to take effect on July 9, the proposed US tariff policy includes a 37% duty on Bangladeshi cotton products more than double the current 16% with a 10% baseline levy already in place. A high-level […]