Financial Results

Dollar Industries Expands Margins, Delivers 22% Higher Q1 Profit

Textile Insights August 11, 2026

Kolkata-based Dollar Industries Ltd., one of India’s leading hosiery and innerwear manufacturers, reported a 22.1% year-on-year increase in Profit After Tax (PAT) for the first quarter ended June 30, 2026, driven by improved margins, strong performance in its rainwear business and growth across

Trade & Market

US Imposes Additional 12.5% Tariff On Turkish Apparel Exports

Textile Insights August 11, 2026

The Office of the United States Trade Representative (USTR) has announced additional customs duties ranging from 10% to 12.5% on imports from 60 trading partners following investigations under Section 301 of the Trade Act of 1974 related to the enforcement of restrictions on goods produced through forced labour. Türkiye has been assigned an additional tariff […]

Trade & Market

Indian Textile Exporters Face Competitive Pressure In US Despite Lower Section 301 Tariff: Emkay Research

Textile Insights August 11, 2026

Indian textile and apparel exporters may face increased competitive pressure in the US market despite India being placed in a relatively favourable tariff bracket under the latest Section 301 measures, according to a report by Emkay Research. The report noted that India has been subjected to a 10 per cent Section 301 tariff, lower than […]

Industry

US Tariff Decision Puts Indian Textile & Apparel Exporters At Competitive Disadvantage, Says CITI

Textile Insights August 11, 2026

The Confederation of Indian Textile Industry (CITI) has expressed serious concern over the United States’ decision to impose a 10 per cent tariff on Indian goods following investigations conducted under Section 301 by the Office of the United States Trade Representative (USTR) related to the enforcement of prohibitions on imports produced with forced labour. CITI

Product Launch & Innovation

GI & Beyond 2.0 Launches Digital Platform For Handloom Growth

Textile Insights August 11, 2026

The Ministry of Textiles has unveiled the Digital Handloom Atlas – One Platform. Endless Markets, a new digital platform aimed at enhancing the visibility and market reach of India’s handloom products, including Geographical Indication (GI)-tagged textiles, during the GI & Beyond 2.0 Summit in New Delhi. Organised by the Office of the Development Commissioner

Policies

PLI Scheme For Textiles Crosses Investment Of Rs 8,100 Crore; Approval Granted To 170 Companies

Textile Insights August 10, 2026

India’s Production Linked Incentive (PLI) Scheme for Textiles continues to gain momentum, with 170 companies approved across MMF apparel, MMF fabrics and technical textiles segments. As of March 31, 2026, the scheme has attracted investments of Rs 8,117.64 crore, generated a turnover of Rs 11,241 crore, and created employment for 33,427 people, according to

Industry

Maharashtra’s Technical Textile Moment: The Roadmap To Become A Global Powerhouse

Textile Insights August 10, 2026

Maharashtra is aiming high. At Bharat Tex 2026, Maharashtra Minister of Textiles Sanjay Savkare made it clear that the state is not looking at technical textiles as a niche opportunity. It sees the sector as a critical pillar of industrial growth, employment generation and the state’s ambition to build a stronger, globally competitive economy. “Technical […]

Corporates

BGMEA & SDC Sign MoU To Promote Sustainable Textile Innovation

Textile Insights August 10, 2026

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Society of Dyers and Colourists (SDC) have signed a Memorandum of Understanding (MoU) to strengthen collaboration in sustainability, education and innovation across Bangladesh’s textile and apparel industry. The partnership aims to enhance industry capabilities through knowledge and skill

Corporates

Blissclub Raises Rs 160 Crore To Drive Retail Expansion And Product Growth

Textile Insights August 10, 2026

Bengaluru-based activewear and athleisure brand BlissClub has secured Rs 160 crore in a funding round led by Singularity AMC, with participation from existing investors Elevation Capital and Eight Roads Ventures. Founder Minu Margaret and entrepreneur Vidit Aatrey also invested personal capital in the company. The fresh funding will support expansion into new product

Industry

Giriraj Singh Inaugurates IIT Delhi Handloom Tech Centre

Textile Insights August 10, 2026

Union Textiles Minister Giriraj Singh inaugurated the Centre of Excellence for Handloom Technology (CoE-HT) at IIT Delhi. The centre aims to integrate advanced technologies, research and innovation with India’s traditional weaving heritage to create a more competitive and future-ready handloom ecosystem. The inauguration was accompanied by the launch of five flagship