Economy

Budget 2026-27 Lays Emphasis On Strengthening India’s Textile Ecosystem

Textile Insights February 10, 2026

Union Finance Minister Nirmala Sitharaman presented the Union Budget 2026-27 on February 1, 2026 in the parliament. The budget aims to provide boost to the Indian textile industry through various schemes and initiatives and has been hailed by the textile industry at large. The Confederation of

Economy

Hugo Boss Appoints Dietmar Knoess As Senior Vice President, Global HR

Textile Insights February 9, 2026

Hugo Boss has announced the appointment of Dietmar Knoess as Senior Vice President, Global Human Resources, effective February 16. He will succeed Jochen Eckhold, who has been with the company since January 2019 and is leaving to pursue new professional opportunities. Daniel Grieder, CEO of Hugo Boss, thanked Eckhold for his contributions, noting that he […]

Economy

Sri Lankan Apparel Industry Eyes India To Boost Competitiveness

Textile Insights February 9, 2026

Sri Lanka’s apparel industry is preparing for a strategic realignment in 2026 with deeper integration with India in the wake of India emerging as a key priority as manufacturers confront rising regional competition and shifting global demand. Addressing the 2025 Annual General Meeting of the Sri Lanka Apparel Exporters Association (SLAEA), Chairperson Rajitha Jayasuriya

Economy

India–US Trade Deal: Major Win For Indian Textiles

Textile Insights February 3, 2026

The conclusion of a landmark US$ 500 billion trade agreement between India and the United States marks a decisive turning point in bilateral economic relations and offers a significant boost to India’s textile and apparel sector. Announced by US President Donald Trump and acknowledged by Prime Minister Narendra Modi, the agreement reduces US tariffs on […]

Economy

Union Budget 2026–27: A Blueprint For India’s Textile Future

Textile Insights February 2, 2026

Industry leaders back the government’s integrated push across manufacturing, MSMEs, exports and sustainability. India’s textile and apparel industry has responded positively to the Union Budget 2026–27, welcoming the government’s structurally focused approach aimed at strengthening fibre security, modernising manufacturing clusters, enhancing skills, promoting

Economy

Union Budget 2026–27: Integrated Textile Push, Export Incentives And MSME Support Take Centrestage

Textile Insights February 1, 2026

Union Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2026–27, outlined an expansive reform and investment roadmap for India’s labour-intensive textile and apparel sector, positioning it as a key pillar for employment generation, export growth and sustainable manufacturing. The budget proposes an Integrated Programme for the textile sector comprising

Economy

Women Leadership Emerging As A Strategic Imperative For India’s T&A Sector

Textile Insights February 1, 2026

At the International Conference on TEXTILE 2030, organised by The Textile Association (India) Mumbai unit, on January 30, 2026, a compelling panel discussion titled ‘Women Leadership Driving a Change in the Textile & Apparel Sector’ brought into focus the evolving role of women in shaping the future of India’s textile and apparel industry. Moderated by […]

Economy

India’s Silk Output And Employment Rise Sharply As Sericulture Expands: Textiles Ministry

Textile Insights January 9, 2026

India has consolidated its position as the world’s second-largest producer of silk, with the sericulture sector recording sustained growth in production, productivity, prices and employment during the Year of Textile Reforms, the Ministry of Textiles said. Data released by the ministry show a significant expansion between 2013–14 and 2024–25. Raw silk production increased

Economy

Brazil Extends Anti-Dumping Duties On Nylon Yarn Imports For Five Years

Textile Insights January 9, 2026

Brazil has decided to continue anti-dumping duties on nylon yarn imports from mainland China, South Korea and Taiwan, following an affirmative final ruling in the second anti-dumping sunset review of the case. The decision was announced on December 19, 2025, through Resolution No. 828 of 2025 issued by the Executive Management Committee of the Foreign […]

Economy

UK Employment Rights Bill Passed, To Introduce Key Reforms From 2026

Textile Insights January 6, 2026

The Employment Rights Bill has cleared its final stage in the House of Lords and is expected to receive Royal Assent later this week, paving the way for sweeping reforms in UK employment law. Following this, the Strikes (Minimum Service Levels) Act 2023 will be repealed. Under the new legislation, several key employee rights will […]