Trade & Market

Ministry Of Textiles Plans Duty Cuts To Shield Textile Sector

Textile Insights April 20, 2026

The Ministry of Textiles is considering duty reductions on rayon pulp and select cotton, along with deferring anti-dumping duties on certain yarns, to protect the textile industry from disruptions linked to the West Asia crisis, as per media reports. The ministry is also evaluating removal of

Corporates

Puma Appoints James Carnes As SVP, Creative Direction

Textile Insights April 20, 2026

Sportswear major Puma SE has named James Carnes as Senior Vice President, Creative Direction, effective immediately. In this newly created role, Carnes will oversee creative direction, innovation and product excellence, reporting directly to Chief Brand Officer Maria Valdes. With over two decades of experience in the sports industry, Carnes brings expertise across design,

Corporates

ICT-Textiles Signs MoU With IFBEC For Textile Waste Research

Textile Insights April 20, 2026

Institute of Chemical Technology (ICT-Textiles) has signed a Memorandum of Understanding (MoU) with the International Fashion Business Exchange Council (IFBEC) to collaborate on translational research in textile waste treatment and utilisation. The partnership aims to address the rising industry demand for circularity in textiles by focusing on sustainable waste management

Corporates

Rieter’s Shareholders Approve All Resolutions At 135th AGM

Textile Insights April 20, 2026

Rieter Holding Ltd shareholders approved all proposals presented by the Board of Directors at the company’s 135th Annual General Meeting, with 342 shareholders representing 64% of the share capital in attendance. The meeting cleared the Annual Report, Financial Statements and Consolidated Financial Statements for 2025, while granting discharge to the Board of Directors and

Corporates

Page Industries Expands Manufacturing Footprint With New Odisha Unit

Textile Insights April 20, 2026

Page Industries, the exclusive licensee for Jockey International Inc and Speedo International Ltd in India, has inaugurated a new apparel manufacturing unit in Ramdaspur, marking a significant expansion of its production footprint in the country. The facility, developed with an investment of Rs 750 crore, spans approximately 650,000 sq ft and houses a raw material […]

Export

Vietnam Textile Exports Hit US$ 10.54 Billion In Q1, Up 2.3%

Textile Insights April 16, 2026

Vietnam’s textile and garment exports rose to US$ 10.54 billion in Q1, marking a 2.3% year-on-year growth, according to the Vietnam News Agency. Garments dominated the export basket with $8.84 billion, while fiber emerged as a strong performer, contributing $1.7 billion. Cao Huu Hieu, General Director of Vietnam National Textile and Garment Group, attributed the […]

Policies

India Signs MoUs With Porter, Gigin Technologies To Boost Jobs Via NCS

Textile Insights April 16, 2026

The Ministry of Labour and Employment has signed Memoranda of Understanding (MoUs) with Porter and Gigin Technologies to expand employment opportunities and strengthen digital job matching through the National Career Service Portal. The agreements were signed in the presence of Union Minister Mansukh Mandaviya and Labour Secretary Vandana Gurnani, as part of efforts to

Policies

ASEAN+3 Told To Rebuild Fiscal Buffers

Textile Insights April 16, 2026

ASEAN+3 Macroeconomic Research Office has released its ASEAN+3 Fiscal Policy Report 2026, warning that governments in the region must strengthen fiscal management as they navigate rising global risks and structural economic challenges. The report highlights that fiscal positions across ASEAN+3 economies have weakened, limiting policy space at a time when governments face

Economy

India Growth Seen At 6.5% In FY27: IMF

Textile Insights April 16, 2026

International Monetary Fund (IMF) has projected India to maintain a steady growth rate of 6.5% in FY27, retaining its position as the world’s fastest-growing major economy despite rising geopolitical tensions in West Asia. In its latest World Economic Outlook released in Washington, D.C., the IMF also revised India’s FY26 growth forecast upward by 0.3 percentage […]

Export

India’s Apparel Exports To US Decline Sharply In February

Textile Insights April 16, 2026

India’s textile and apparel exports to the United States recorded a sharp decline in February, reflecting weak demand and intensifying competition from regional peers. Shipments from India fell 28.7% year-on-year, significantly underperforming compared to Bangladesh, which saw a 16.4% drop, while Vietnam posted a 5% growth, according to data from the Office of Textiles and