Economy

ADB Approves US$ 52.7 Mn Loan To Boost Cambodia’s Renewable Energy Grid

Textile Insights September 23, 2025

The Asian Development Bank (ADB) has approved a US$ 52.72 million loan to support Cambodia’s Grid Expansion Project, aimed at strengthening the national transmission network and integrating more renewable energy into the power system. The project will help meet rising electricity demand with

Economy

Trade Deal by November? India–US Talks Regain Momentum

Textile Insights September 18, 2025

India and the United States formally resumed trade negotiations on Tuesday, with both sides describing the discussions as “positive and forward-looking.” The commerce ministry said the talks covered “various aspects of the trade deal” and that efforts would be intensified to reach an early conclusion of a mutually beneficial agreement. The US delegation was led […]

Economy

Chinese Investment In Bangladesh Jumps 300%; Dhaka Eyes Deeper Economic Ties

Textile Insights September 17, 2025

Chinese investment in Bangladesh has surged 300%, underscoring Beijing’s growing role in the country’s economic landscape, Commerce Adviser Sheikh Bashir Uddin said on Friday. Speaking at the ‘Belt and Road Initiative in Bangladesh Exhibition’ at the Bashundhara Convention Centre, he stressed that enhanced collaboration with China could further accelerate Bangladesh’s

Economy

India, US Reaffirm Strong Ties Amid Trade Negotiations

Textile Insights September 11, 2025

Prime Minister Narendra Modi reaffirmed the strength of India-US relations, expressing confidence that ongoing trade talks will unlock new opportunities for both economies. Responding to a post by US President Donald Trump on X, Modi said India and the US are “close friends and natural partners” and emphasized that both sides are working to conclude […]

Economy

India–EFTA Trade Pact To Take Effect From October 1: Says Switzerland

Textile Insights September 5, 2025

The free trade agreement between India and the European Free Trade Association (EFTA) will come into force on October 1, Switzerland announced on September 3, calling it a landmark deal that embeds legally binding provisions on trade and sustainable development for the first time in any Indian FTA. The Trade and Economic Partnership Agreement (TEPA), […]

Economy

India Seeks New Markets To Counter US Tariff

Textile Insights August 28, 2025

India is set to launch dedicated outreach programmes across 40 countries, including the UK, Japan, South Korea, Germany, France, Italy, Spain, the Netherlands, Canada, Mexico, Russia, and Australia, in a bid to diversify textile exports and reduce reliance on the US market, a senior official said on Wednesday. The move comes after the United States […]

Economy

India Among Top Global Textile Exporters, Employs Over 45 Million: Economic Survey

Textile Insights February 13, 2025

The Economic Survey highlights India’s position as the sixth-largest exporter of textiles and apparel globally, with exports worth USD 34 billion in 2023. The sector remains a key contributor to GDP, industrial production, and employment, directly engaging over 45 million people, including a significant rural and female workforce. Nearly 80% of India’s textile

Economy

Budget 2025 Proposals To Boost Indian T&A Sector And Enhance Global Competitiveness

Textile Insights February 10, 2025

The domestic textiles and apparel (T&A) sector has applauded the growth-focused measures announced by Union Finance Minister Nirmala Sitharaman in the Budget 2025. Welcoming the progressive budgetary steps aimed at infusing the much-needed momentum, the apex industry body, Confederation of Indian Textile Industry (CITI) says that Budget reflects the government’s

Economy

Global Economy Set For Modest Growth Amid Heightened Uncertainty In 2025

Textile Insights February 9, 2025

The second edition of Association of Chartered Certified Accountants’ (ACCA) annual economic outlook examines the prospects for the global economy and key regions in 2025, exploring risks, trends and business implications. The 2025 Global Economic Outlook: A Highly Uncertain World report identifies critical developments, such as geopolitical challenges, trade policy shifts

Economy

Union Budget 2025-26: A Transformational Push For Textiles, MSMEs, Agriculture And Exports

Textile Insights February 1, 2025

Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26, introducing a series of bold reforms and sector-specific initiatives aimed at bolstering India’s textile industry, MSMEs, exports and agriculture, while implementing tax relief measures to increase disposable income and stimulate economic growth. With a strong focus on self-reliance, domestic