News - Textile Insights - Page 31

Trade & Market

India–Oman CEPA Boosts Duty-Free Apparel Trade

Textile Insights June 22, 2026

The implementation of the India–Oman Comprehensive Economic Partnership Agreement (CEPA) is reshaping apparel trade between the two countries by removing import duties on a wide range of textile and garment products, making India a more competitive sourcing destination for GCC fashion brands.

Policies

India-EU FTA On Track For December Signing

Textile Insights June 21, 2026

India’s textile and apparel industry could be among the biggest beneficiaries of the proposed India-European Union Free Trade Agreement (FTA), which is expected to be signed by December 2026 and come into effect by February-March 2027. Announcing the timeline during an interaction with chartered accountants in Mumbai, Union Commerce and Industry Minister Piyush Goyal

Corporates

Eastman Exports Appoints Gayathiri Om To Board Of Directors

Textile Insights June 19, 2026

Eastman Exports has announced the appointment of Gayathiri Om Saravanan as Director to its Board, reinforcing its focus on strengthening leadership and enhancing corporate governance. The company said the appointment aligns with its long-term strategy of building a strong foundation for sustainable growth and creating value for all stakeholders. Her inclusion on the Board

Corporates

Intertek Agrees To Recommended Cash Acquisition By EQT Group

Textile Insights June 19, 2026

Intertek has announced that it has reached an agreement on the terms of a recommended cash acquisition by EQT Group, a leading global investment organisation with over three decades of experience in developing companies across multiple sectors. The company stated that the partnership with EQT comes at a time of growing demand for risk-based quality […]

Industry

Gujarat Clears Rs 1,567 Cr Industrial Incentives, 1,238 Jobs Expected

Textile Insights June 19, 2026

Gujarat has approved incentive assistance for 15 industrial projects with a combined investment of Rs 1,567.18 crore under the Incentive to Industries Scheme of the Industrial Policy 2015. The projects are expected to generate around 1,238 direct employment opportunities. The approvals were granted at a meeting of the committee responsible for issuing Final Eligibility

Sustainability

EU Backs Egypt’s Renewable Energy Expansion With €690 Million Grid Investment

Textile Insights June 19, 2026

The European Union has reinforced its clean energy partnership with Egypt through a €690 million investment package aimed at modernising the country’s electricity transmission network and accelerating the integration of renewable energy into the national grid. The financing package comprises a €600 million loan from the European Investment Bank’s development arm, EIB

Economy

Uzbekistan, Poland Explore Deeper Textile And Apparel Trade Ties

Textile Insights June 19, 2026

Uzbekistan and Poland have taken steps to strengthen cooperation in the textile and apparel sector through a high-level industry roundtable and a series of business-to-business meetings aimed at expanding trade, investment and market access opportunities. The engagements, held during an official visit by representatives of Uzbekistan’s light industry sector to Europe,

Trade & Market

India-US Trade Deal Nearing Completion, Boosting Export Prospects

Textile Insights June 19, 2026

India and the United States are moving closer to finalising a long-awaited trade agreement, with both sides signalling significant progress during high-level discussions held on the sidelines of the G7 Summit in France. The talks focused on strengthening economic cooperation, expanding bilateral trade and resolving outstanding market access issues. Officials indicated that

Policies

India-UK FTA To Take Effect From July 15

Textile Insights June 19, 2026

India and the United Kingdom have announced that their landmark Comprehensive Economic and Trade Agreement (CETA) will come into force on July 15, marking a major step forward in bilateral economic relations and paving the way for increased trade, investment and market access between the two countries. The agreement will provide duty-free access to 99 […]

Industry

Punjab Pushes Energy Efficiency Drive For Textile And MSME Sector

Textile Insights June 19, 2026

A technical workshop on Accelerating Energy Efficiency in MSMEs brought together more than 60 industry leaders, energy experts and government officials in Punjab to promote sustainable manufacturing practices and encourage the adoption of energy-efficient technologies across the state’s industrial sector. The workshop, jointly organized by the Punjab Energy

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