Trade & Market

Yarn Prices Surge Up To 70%, Squeeze Bhiwandi Powerloom Sector

Textile Insights September 24, 2026

A sharp rise in yarn prices since February-March has put Bhiwandi’s powerloom and grey-fabric sector under growing financial pressure, with traders reporting a 50–70 per cent increase in prices of several commonly used yarn varieties. The surge in raw-material costs has not been matched by

Trade & Market

Vietnam, India Target US$ 25 Billion Bilateral Trade

Textile Insights September 17, 2026

Vietnam and India have agreed to step up efforts to raise bilateral trade to $25 billion at an early date, while improving market access for products from both countries. The agreement was reached during talks between Vietnamese Prime Minister Le Minh Hung and Indian Prime Minister Narendra Modi on September 12, held during Hung’s working […]

Trade & Market

DGFT To Set Up Centralised Unit For Faceless Trade Processing

Textile Insights September 16, 2026

The Directorate General of Foreign Trade (DGFT) is set to establish a Central Processing Department (CPD) in Delhi to create a centralised, faceless and jurisdiction-free system for processing trade-related applications. The initiative by the Ministry of Commerce and Industry is aimed at moving export-import related regulatory processes towards a paperless and centralised

Trade & Market

India-Russia Trade Needs Rebalancing To Reach US$ 100 Billion Target: Goyal

Textile Insights September 15, 2026

Commerce Minister Piyush Goyal has called for a rebalancing of India-Russia trade as the two countries aim to increase bilateral trade to US$ 100 billion by 2030 from around US$ 60 billion currently. Speaking at the India-Russia Business Dialogue 2026 in New Delhi on Thursday, Goyal said greater diversification of trade would be critical to […]

Trade & Market

UK Trade Pact To Open New Opportunities For Haryana Textiles, Footwear, Gems

Textile Insights September 15, 2026

The India-UK Comprehensive Economic and Trade Agreement (CETA) is expected to create fresh opportunities for Haryana’s textile, footwear, gems and jewellery and engineering sectors, while providing the state’s MSMEs and startups greater access to the UK market, Haryana chief minister Nayab Singh Saini said on Monday. Addressing the ‘Haryana-UK CETA Trade Bridge: Unlocking

Trade & Market

China Ready To Address Trade Concerns With India

Textile Insights September 15, 2026

China has said it is ready to work with India to address each other’s economic and trade concerns in a balanced manner, signalling a possible push towards greater cooperation in bilateral commerce. The statement came a day after Chinese Commerce Minister Wang Wentao met Commerce and Industry Minister Piyush Goyal to discuss India-China trade and […]

Trade & Market

Bangladesh Loosens Import Regime, Gives Exporters Greater Procurement Flexibility

Textile Insights September 8, 2026

New policy removes value ceiling on non-LC imports, expands bonded facilities and FTZ provisions, while raising value-addition norms for garments Bangladesh has introduced a more flexible import regime that could ease overseas procurement for manufacturers and strengthen the country’s export-oriented supply chain. The Import Policy Order 2026–2029, issued by the Ministry

Trade & Market

EU Approves Major Customs Overhaul, Tightens E-Commerce Rules

Textile Insights September 8, 2026

New framework puts greater responsibility on online platforms, introduces tougher penalties and establishes an EU-wide customs authority to strengthen controls and improve duty collection The European Union is set to fundamentally reshape the way goods enter its market after the Council gave final approval to a sweeping reform of the bloc’s customs framework. Described as

Trade & Market

Global Knitwear Trade Nears US$ 290 Billion As Industry Expands Its Share

Textile Insights September 8, 2026

The global apparel trade is witnessing a structural shift towards knitwear, driven by changing consumer preferences and rising demand for casual, stretch and performance-oriented clothing. Global knitwear exports increased from US$ 145.2 billion in 2006 to US$ 289.1 billion in 2025, more than doubling over the period. As a result, knitwear’s share of global textile […]

Trade & Market

Global Garment Trade Nears US$ 550 Billion As China, Bangladesh, Vietnam Reshape Competition

Textile Insights September 4, 2026

Global garment trade has expanded sharply over the past two decades, with knit and woven garments together accounting for nearly 60% of world textile exports in 2025. But the growth has also brought a major shift in the competitive landscape, with China retaining its dominance while Bangladesh and Vietnam have emerged as major global suppliers. […]