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Industry

European Textile Industry Faces Continued Decline, Urgent Action Needed: EURATEX

Europe’s textile and apparel industry continues to face mounting challenges, with factory closures becoming an increasingly frequent reality across the region. Each shutdown brings not only job losses and community disruption but also the erosion of critical industrial capabilities. According to the latest Economic Update released by EURATEX, the industry recorded negative
Industry

TEA Seeks RBI Credit Support For MSME Exporters

The Tirupur Exporters Association (TEA) has called on the Reserve Bank of India (RBI) to introduce targeted funding mechanisms for MSME exporters and issue clear directives to banks to ensure seamless credit flow to the sector. The demand was raised during an interactive session jointly organised by TEA and RBI, focusing on the private investment […]
Industry

AAFA Flags Cost Surge From China PNTR Revocation

The American Apparel & Footwear Association (AAFA) has cautioned that revoking China’s Permanent Normal Trade Relations (PNTR) status would significantly disrupt the U.S. apparel, footwear and travel goods industry, leading to sharp cost increases and supply chain challenges. In its submission to the U.S. International Trade Commission (USITC) under Investigation No.
Industry

Textile Ministry Formulates Time-bound Action Plan To Implement Schemes Announced In The Budget

The Union Ministry of Textiles has come-up with a comprehensive time-bound action plan to implement the various schemes and policies that were announced by Finance Minister Nirmala Sitaraman in the recent Union Budget. The move follows the policymakers and other industry stakeholders realising the significance of promptly implementing these initiatives which can help the