Trade & Market

India Signs 10-Year Chabahar Port Deal: Key Move For Central Asia Trade

June 14, 2024

India has signed a landmark 10-year agreement with Iran to operate the Chabahar Port, marking a strategic move to bolster its foothold in Central Asia. The deal, between Indian Ports Global Ltd. (IPGL) and Iran’s Port and Maritime Organisation (PMO), grants India control over the Shahid

Trade & Market

Abaca Fiber Market Set To Grow To USD 356.6 Million By 2028

June 14, 2024

The global abaca fiber market is projected to expand by USD 356.6 million between 2024 and 2028, growing at a CAGR of nearly 13.76%. Technavio’s latest report highlights the rising adoption of abaca fiber in niche applications as a key growth driver. Despite challenges related to climate-sensitive cultivation, including extreme weather events, the market benefits

Trade & Market

Eid-Ul-Fitr Business Keeps Ahmedabad Textile Market Buzzing

Textile Insights April 8, 2024

Eid-ul-Fitr is around the corner and Ahmedabad’s textile markets are buzzing with activity. Retail demand is high, leaving the market in a bullish mode for the festival season ahead. “There has been a good demand ahead of Eid,” Gaurang Bhagat, President, Maskati Cloth Market Mahajan said. “Ahmedabad’s textile traders are reporting a significant increase in […]

Trade & Market

Surat Textile Traders Mull Agent Verification To Avert Frauds

Textile Insights March 30, 2024

In a bid to prevent frauds related to non-payment of textiles, the Surat based Federation of Surat Trade and Textile Association (FOSTTA) has introduced a standard operating procedure (SOP). The SOP mandates that agents submit their complete details in a form to traders before entering into transactions. The move aims to enhance transparency and accountability […]

Trade & Market

India and EFTA Sign Trade & Economic Partnership Agreement

March 10, 2024

India and the European Free Trade Association (EFTA) signed a Trade and Economic Partnership Agreement (TEPA) on March 10, 2024 Addressing on the occasion, Piyush Goyal, Minister of Commerce and Industry, Food and Consumer Affairs, and Textiles, stated, “TEPA marks a modern and ambitious trade agreement. For the first time, India is signing an FTA […]

Trade & Market

ITMF Report: Global Short-Staple Spindle Capacity Hits 227 Million In 2022

January 10, 2024

International Textile Manufacturer Federation (ITMF) has published its International Textile Industry Statistics (ITIS) on productive capacity and raw materials consumption in the short-staple organized (spinning mill) sector in virtually all textile producing countries in the world. The global number of installed short-staple spindles has grown from 225 million units in

Trade & Market

Peru Launches Investigation Of Chinese Fabric Imports

Textile Insights November 18, 2023

The South American country of Peru has initiated an investigation into import of 100 percent polyester fabrics from China. A Peruvian textile company Tecnologa Textil S.A, requested the government to launch an anti-circumvention investigation into 100 percent polyester fabrics originating from China. The purpose is to examine whether the products originating in China were

Trade & Market

Messe Frankfurt Picks Stake in Denim Show Organiser Kingpins

Textile Insights July 22, 2023

German exhibition organiser Messe Frankfurt, which organises several trade shows in various countries has bought a stake in denim trade show and US based Kingpins. The strategic partnership will see Messe Frankfurt’s extensive experience and resources combined with Kingpins’ unique expertise” to foster innovation, collaboration, and growth within the denim community.

Trade & Market

CAI Estimates Cotton Crop At 298.35 Lakh Bales

May 31, 2023

Cotton Association of India (CAI) released its April estimate of the cotton crop for the season 2022-23 beginning from 1st October 2022. The CAI has reduced its cotton crop estimate for the 2022-23 season to 298.35 lakh bales of 170 kgs each. This estimate has been arrived at by the Crop Committee of the Association […]

Trade & Market

CEPA Is The Growth Engine For India-UAE Bilateral Trade

May 4, 2023

On the occasion of the first anniversary of the implementation of the India-UAE Comprehensive Economic Partnership Agreement (CEPA), Commerce Secretary, Sunil Barthwal congratulated the people of India and the UAE on the milestone and spoke about CEPA’s role as a growth engine for India-UAE bilateral trade over the past 11 months. CEPA is a full […]