News - Textile Insights - Page 66

Corporates

Welspun Living To Acquire 35% Stake In Welspun Corporate Services

Textile Insights March 23, 2026

Welspun Living has approved the acquisition of a 35% stake in Welspun Corporate Services (WCSL) for Rs 35,000 through the purchase of 3,500 equity shares. The remaining 65% stake in WCSL will be held by other Welspun Group entities. The approval was granted by the company’s board of directors

Dyes & Chemicals

India Proposes Anti-Dumping Duty On Chinese Textile Chemical

Textile Insights March 20, 2026

India has recommended the imposition of an anti-dumping duty on a key textile processing chemical imported from China, aiming to protect domestic manufacturers from unfairly low-priced imports. The recommendation follows an investigation by trade authorities, which found that the chemical was being exported to India below its normal value, adversely impacting local

Trade & Market

Paraguay Clears Mercosur–EU Trade Pact, Paving Way For Mega Free Trade Zone

Textile Insights March 20, 2026

Paraguay has become the final South American nation to ratify the landmark Mercosur–European Union Free Trade Agreement, bringing the deal closer to implementation and creating one of the world’s largest free trade zones. The agreement, negotiated over 25 years, spans a combined market of over 700 million people and nearly 25% of global GDP. Paraguay’s […]

Industry

Govt Extends Export Relief As Hormuz Disruption Hits Trade

Textile Insights March 20, 2026

The government has extended relief measures for export cargo until March 31, amid ongoing disruptions in the Strait of Hormuz due to escalating tensions involving Iran. The Central Board of Indirect Taxes and Customs has issued revised standard operating procedures under the Customs Act to support exporters facing delays and logistical challenges in the Gulf […]

Cotton

Cabinet Clears Rs 1,718 Crore MSP Reimbursement To CCI For Cotton Procurement

Textile Insights March 20, 2026

The Cabinet Committee on Economic Affairs, chaired by Narendra Modi, has approved Rs 1,718.56 crore as reimbursement to the Cotton Corporation of India for Minimum Support Price (MSP) operations carried out during the 2023–24 cotton season. The support covers procurement undertaken between October 2023 and September 2024, when market prices fell below MSP, prompting

Economy

Opposition Flags Concerns Over India–US Trade Deal Impact On Farmers

Textile Insights March 20, 2026

Opposition members in the Lok Sabha have raised concerns that a proposed India–US trade deal could adversely impact farmers and the broader agricultural economy. During a discussion on the Demands for Grants for the Ministry of Agriculture and Farmers Welfare for 2026–27, Sudhakar Singh warned that the agreement may create an uneven playing field, alleging […]

Trade & Market

Rising crude, Freight Costs Squeeze India’s textile sector

Textile Insights March 20, 2026

India’s textile industry is facing renewed pressure as rising crude oil prices and surging freight rates drive up input costs, tightening margins across the value chain. Raw material costs have increased by 20–25% in recent weeks, tracking crude oil prices crossing the US$ 100 per barrel mark. The impact is particularly significant for synthetic fibres […]

Policies

RELIEF Scheme To Ease Pressure On Exporters Amid West Asia Turmoil: CITI

Textile Insights March 20, 2026

Confederation of Indian Textile Industry has welcomed the government’s announcement of the Resilience & Logistics Intervention for Export Facilitation (RELIEF) scheme, calling it a timely boost for exporters facing disruptions due to ongoing tensions in West Asia. CITI Chairman Ashwin Chandran said the scheme reflects the government’s commitment to improving ease of

Event

CITI, Telangana Govt To Host ATEXCON 2026 In Hyderabad

Textile Insights March 20, 2026

Confederation of Indian Textile Industry, in partnership with the Government of Telangana, will host the 13th Asian Textile Conference (ATEXCON) in Hyderabad on April 2–3, 2026. Themed Reimagining the Future of Global Textiles, the conference will bring together industry leaders, policymakers, and stakeholders to discuss the evolving dynamics of the global textiles and

Export

Sri Lanka’s Exports Grow 6.7% In H1 2025

Textile Insights March 20, 2026

Sri Lanka’s export sector posted steady growth in the first half of 2025, with total exports reaching US$ 8.34 billion, up 6.7% year-on-year, reflecting resilience amid global uncertainties. Apparel and textile exports recorded a healthy uptick, rising 8.19% to US$ 2.60 billion during January–June 2025. In June alone, the segment grew 3.71% year-on-year to US$ […]

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