The International Monetary Fund (IMF) has warned that escalating disruptions from the ongoing Iran conflict are pushing the global economy closer to an adverse scenario of weaker growth, higher inflation and tighter financial conditions. According to AFP, the IMF said prolonged geopolitical
The Apparel Export Promotion Council has urged the central government to reduce import duty on cotton to zero from the current 11 percent, warning that rising raw material costs and tightening domestic supplies are impacting the competitiveness of India’s textile and apparel sector. AEPC Chairman A. Sakthivel led a delegation of industry representatives that met […]
India’s Ministry of Textiles has defended the country’s textile recycling industry against what it described as misleading portrayals by sections of the international media, asserting that India has built one of the world’s largest textile recovery and recycling ecosystems supported by long-standing reuse and repurposing practices. The ministry said recent foreign media
India is accelerating its free trade agreement (FTA) strategy, with negotiations concluded or agreements signed with several key global partners, including the United Kingdom, Oman, New Zealand and the European Union, according to the Union Commerce Ministry. The ministry, while releasing April 2026 trade data, said India is also advancing trade negotiations with countries
India’s Ministry of Textiles (MoT) has signed a memorandum of understanding (MoU) with the Indian Council for Research (ICRIER) on International Economic Relations to strengthen policy research and data-driven decision-making for the country’s textile and apparel sector. The partnership aims to support the formulation of evidence-based policies by enhancing textile-related
Welspun Living is witnessing strong recovery momentum as improving margins, lower debt levels and rising branded business strengthen the company’s growth outlook amid favourable global trade developments for India’s textile sector. The company reported total income of Rs 24,512 million in the fourth quarter of FY26, registering an 11 percent sequential growth over the
India and Nigeria are looking to strengthen textile trade relations, with India expressing readiness to support Nigeria’s textile revival programme through investments, technology transfer and skill development initiatives across the textile value chain. Speaking at the Textile Meet/B2B Nigeria-India engagement held at the Indian High Commission in Abuja, India’s High
Tonello is set to present its latest creative and technological concept, Denim Illusion at Denim Première Vision Milan 2026, scheduled for May 20-21. The collection challenges conventional perceptions of denim by recreating authentic denim aesthetics on non-denim garments through advanced dyeing and finishing technologies. According to Tonello, the collection explores the
MESDAN S.p.A., a leading manufacturer of yarn joining solutions and textile testing equipment, is set to participate in ITM 2026, scheduled to be held at the Tuyap Exhibition Centre in Istanbul from June 9 to 13. The company will exhibit at the booth of its Turkish agent, SARTEKS MAKINA, located at Hall 7, Stand 701A. […]
Active Clothing Co Limited has announced its strategic entry into the multi-brand retail segment with the launch of retail outlets under the brand name NUEMO. NUEMO will operate as a multi-brand retail platform targeting growth opportunities in India’s Tier 2 and Tier 3 markets. The retail format will offer men’s, women’s and kids’ apparel under […]





















