India and the United Kingdom have concluded a comprehensive Free Trade Agreement (FTA) and a Double Contribution Convention aimed at significantly deepening economic ties, boosting trade and expanding investment and employment opportunities across key sectors, including textiles and apparel.
Chhattisgarh Chief Minister Vishnu Deo Sai on Wednesday urged the textile industry to leverage the state’s investor-friendly ecosystem, backed by a reimagined industrial policy and abundant natural resources, to fuel its next phase of growth. Speaking at an event organised by the Clothing Manufacturers Association of India (CMAI), following the signing of a Memorandum of
In a major policy push to position Rajasthan as a leading textile manufacturing hub, the state government has announced the Rajasthan Textile and Apparel Policy 2025. The comprehensive policy aims to attract investments worth Rs 10,000 crore and create up to two lakh new jobs over the next five years, while fostering inclusive, sustainable growth […]
United States President Donald Trump has announced a 90-day pause on reciprocal tariffs for most countries, with a notable exception – China, which will instead face a steep tariff increase to 125%, according to a statement posted on his Truth Social account. Trump justified the move by citing China’s ongoing trade practices, stating, “At some […]
US President Donald Trump has unveiled a sweeping tariff policy, imposing a 26% reciprocal duty on Indian imports as part of his broader economic strategy. Announcing April 2, 2025, as ‘Liberation Day,’ Trump accused foreign nations of exploiting the US through unfair trade practices and justified the move as a corrective measure rather than a […]
The Tamil Nadu government will release a new textile policy within the next 10 days, Minister for Handlooms and Textiles R. Gandhi announced on Tuesday. He also stated that a separate project for the powerloom sector will be introduced in the upcoming state budget. The minister, along with Electricity, Prohibition, and Excise Minister V. Senthil […]
Gujarat, a leading textile hub of India, has announced its Textile Policy 2024, designed to boost investments, support local enterprises and promote sustainable manufacturing practices. The policy provides a mix of capital subsidies, interest relief, payroll assistance and infrastructure support, aiming to position Gujarat as a global leader in textiles. Key Incentives and
The ninth round of Free Trade Agreement (FTA) negotiations between India and the European Union (EU) will reconvene on Monday, focusing on key issues such as duty concessions for Indian textiles in EU markets, according to sources familiar with the discussions. India has been advocating for its labour-intensive textile and apparel sectors to be classified […]
Korean’s Trade, Industry, and Energy Minister Dukgeun Ahn announced the “Textile and Fashion Industry Competitiveness Strategy” during a conference at the Textile Center in Seoul. The strategy aims to address key industry trends, including the rapid growth of the industrial textile market, the increasing demand for eco-friendly products, and the widespread
Union Minister of Textiles, Giriraj Singh met the beneficiaries of the Production Linked Incentive (PLI) Scheme for MMF apparel, fabrics, and technical textiles on 20th August in New Delhi. The participants shared their ongoing commitment, successes, experiences, feedback, and challenges related to the scheme. Giriraj Singh confirmed the Government’s dedication to