Corporates

Grasim Industries Appoints Sangeeta Tanwani As CEO (Designate) Of Textiles Business

Textile Insights June 18, 2026

Grasim Industries Ltd., part of the Aditya Birla Group, has announced the appointment of Sangeeta Tanwani as Chief Executive Officer (Designate) of its Textiles Business, effective August 1, 2026, as part of a planned leadership transition within the division. She will take over as full-time

Export

India Textile Exports Fall 2% In FY26

Textile Insights June 18, 2026

India’s textile and apparel exports declined by around 2 percent year-on-year in 2025–26, underscoring continued pressure on one of the country’s key merchandise export sectors, according to government and industry data. Exports stood at about US$ 35.80 billion in FY26, down from US$ 36.61 billion in FY25, despite textiles and apparel remaining among India’s top […]

Industry

Tamil Nadu OE Mills Warn Of 50% Production Cut Over Cotton Waste Prices

Textile Insights June 18, 2026

More than 250 open-end (OE) spinning mills in Tamil Nadu have warned that they will reduce production by 50 per cent from next week if cotton waste prices are not brought down further, raising concerns over disruptions in the supply of grey yarn to downstream textile sectors. The warning comes from the Open-End Spinning Mills […]

Policies

India, Canada Target CEPA Conclusion By End-2026

Textile Insights June 18, 2026

India and Canada have agreed to accelerate negotiations for a Comprehensive Economic Partnership Agreement (CEPA), with both countries aiming to conclude the trade pact by the end of 2026. The commitment was reaffirmed during a meeting between Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney on the sidelines of the G7 Summit in […]

Export

Apparel Export Slump Drags Down Overall T&A Exports In May

Textile Insights June 18, 2026

India’s textile exports recorded modest growth in May 2026, but a steep decline in apparel exports dragged down the overall performance of the country’s textile and apparel sector, according to the latest export analysis by the Confederation of Indian Textile Industry (CITI). During May 2026, textile exports increased by 2.47 percent compared to the same […]

Industry

ITMF Survey Signals Modest Improvement In Global Textile Industry

Textile Insights June 18, 2026

The global textile industry showed signs of improvement in May 2026, although challenges related to weak demand, rising costs and geopolitical uncertainties continue to weigh on the sector, according to the 38th Global Textile Industry Survey released by the International Textile Manufacturers Federation (ITMF). The survey, conducted during the second half of May,

Policies

India, Sweden Elevate Ties To Strategic Partnership

Textile Insights June 18, 2026

India and Sweden have elevated their bilateral relationship to a full Strategic Partnership following Prime Minister Narendra Modi’s visit to Gothenburg on May 17–18, 2026. The two countries also adopted a Joint Action Plan for 2026–2030 aimed at strengthening cooperation in trade, technology, innovation, sustainability and defence. A key outcome of the visit was the

Trade & Market

India, UK Work To Finalise FTA Rollout As Trade Talks Advance

Textile Insights June 18, 2026

India and the United Kingdom are working to resolve a few outstanding issues that have delayed the implementation of their landmark Free Trade Agreement (FTA), with officials from both countries engaged in discussions to operationalise the pact signed last year. Commerce Secretary Rajesh Agrawal said an Indian delegation is currently in London to address pending […]

Economy

India Records US$ 4.7 Billion Current Account Surplus In April 2026

Textile Insights June 18, 2026

India recorded a current account surplus of US$ 4.7 billion in April 2026, reflecting the country’s growing external sector strength despite global economic uncertainties and capital market volatility. The surplus was supported by a sharp rise in remittances and robust foreign direct investment (FDI) inflows, helping offset foreign portfolio investment (FPI) outflows

Industry

US-Iran Deal To Boost India’s Textile Industry: CITI

Textile Insights June 18, 2026

The Confederation of Indian Textile Industry (CITI) has welcomed the announcement by US President Donald Trump regarding a proposed agreement with Iran aimed at ending the ongoing conflict in West Asia. The industry body expressed optimism that the development will restore stability in the region and provide significant relief to India’s textile and apparel sector.