Policies

EU Ecodesign Regulation Challenges Indian Exporters

June 20, 2024

The European Union’s new ecodesign regulation, which sets stringent sustainability requirements for all products in the bloc, is expected to impact Indian exporters, particularly smaller businesses. The regulation bans the destruction of unsold textiles and footwear, which could limit

Policies

India Extends PLI Scheme Timeline Amid Textile Export Challenges

June 19, 2024

The Indian government has decided to extend the timeline for setting up facilities under its Production Linked Incentive (PLI) scheme from two years to over three years. This adjustment aims to improve the scheme’s effectiveness in boosting India’s textile exports, which saw a decline of 11.69% from $16.24 billion in 2018 to $14.34 billion in […]

Policies

MoT Approves Startups To Boost Innovation And Sustainability In Technical Textiles

June 14, 2024

The Ministry of Textiles (MoT) has approved seven startups under the GREAT scheme to foster innovation and sustainability in technical textiles. Smt. Rachna Shah, Secretary, Ministry of Textiles, announced this during the 7th meeting of the Empowered Programme Committee (EPC) of the National Technical Textiles Mission (NTTM). The GREAT scheme supports young innovators,

Policies

Bangladeshi Apparel Export Sector Seeks Tax Breaks In Budget

Textile Insights May 28, 2024

Bangladesh’s apparel export sector is seeking tax breaks and extended policy support in the upcoming budget due to a slowdown in global demand and rising production costs. This includes a significant reduction in source tax and VAT relief on raw materials, which can help them navigate challenging economic pressures. The garment factories have requested the […]

Policies

CITI Gives Policy Recommendations To Boost Textile Industry

Textile Insights May 21, 2024

The Confederation of Indian Textile Industry (CITI), while appreciating efforts of the Indian Textiles Ministry for implementing pivotal policy measures, has also sought sufficient availability of cotton and manmade fibres at internationally competitive prices. To improve the cost competitiveness of the cotton value chain, CITI has given policy recommendations like removal

Policies

Mexico Imposes 35% Temporary Tariff On Textile & Apparel Imports

Textile Insights May 8, 2024

The Mexican President has signed a decree to impose temporary import tariffs of 5 to 50 percent on 544 commodities which includes textiles, apparels, footwear, wood, plastics, steel, aluminum, etc. According to the decree, textiles, apparels, footwear and other products will be subject to a temporary import tariff of 35 percent and will be valid […]

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Court Rescinds Order Removing Anti-Dumping Duty On PTA

Textile Insights May 6, 2024

The Gujarat High Court sets aside the Centre’s notification removing anti-dumping duty (ADD) on the import of purified terephthalic acid (PTA) imports from Korea and Thailand. In a major relief for the domestic manufacturers, the Gujarat High Court order will force the government of India to levy ADD with immediate effect. PTA is a major […]

Policies

India May Give Sops To Boost Synthetic Yarn & Fabric Output

Textile Insights May 4, 2024

The Indian government is considering measures to boost domestic production capabilities of manmade fibre or synthetic yarns and fabrics by offering subsidies and tax incentives. The government will also help to set up advanced manufacturing units, and strengthen the sector’s overall competitiveness, according to two people aware of the matter. “The government is

Policies

European Parliament Approves Ban On Forced Labour Products

Textile Insights April 25, 2024

The European Parliament has given its approval to a new regulation enabling the EU to prohibit the sale, import, and export of goods made using forced labour. “Member state authorities and the European Commission will be able to investigate suspicious goods, supply chains, and manufacturers,” a press release informed. If a product is deemed to […]

Policies

US Trade Representative Fully Backs American Textile Industry

Textile Insights April 15, 2024

The Office of the US Trade Representative (USTR) is solidly behind the American textile sector and is taking concrete steps to protect and bolster the industry. This was said by USTR Ambassador Katherine Tai while speaking at the annual general meeting of the National Council of Textile Organizations’ (NCTO). Tai while addressing textile industry representatives […]