Policies

Kyrgyzstan Approves FTA With EAEU And Iran, Slashing Import Duties

Textile Insights June 27, 2024

The Parliament of Kyrgyzstan has approved the draft of the Federal Law on the Ratification of the Free Trade Agreement between the Eurasian Economic Union (EAEU) and Iran during its third reading, Trend reports via the parliament. The agreement, signed on December 25, 2023, in St. Petersburg,

Corporates

AEPC Celebrates 46th Foundation Day

Textile Insights March 3, 2024

Apparel Export Promotion Council (AEPC) celebrated its 46th Foundation Day at its headquarters at Apparel House in Gurugram. The event began with lighting of lamp and cutting of cake. Sudhir Sekhri, Chairman AEPC, Rakesh Vaid, Vice Chairman ATDC, HKL Magu Past Chairman AEPC, Gautam Nair, Committee Member, Mithileshwar Thakur, Secretary General AEPC and staff members […]

Industry

India Plans Setting Up ‘Bharat Park’ In UAE For Secure Trade Facilitation

Textile Insights January 14, 2024

India plans to set up ‘Bharat Park’ in UAE where Indian goods showroom and warehouses will come up. This will facilitate other countries of the world to buy Indian goods from ‘Bharat Park’ as the payment system is secured in UAE, stated Union Minister of Textiles & Commerce Piyush Goyal. He was speaking as Chief […]

Industry

Indian Textile Industry: Perspectives From 2023 And Hopes For 2024

Textile Insights January 10, 2024

The Indian Textile industry witnessed major challenges in 2023 due to fluctuating cotton prices, diminishing demand, capacity under-utilization and dumping of imported fabrics and garments from China and Bangladesh. Gurudas Aras takes an overview of the industry scenario in 2023 and what needs to be done to pull the industry out of the quagmire in […]

Export

India & Oman May Sign Proposed FTA In January 2024

Textile Insights December 30, 2023

In all probability, a Free Trade Agreement (FTA) may be signed between India and Oman in January 2024. “Negotiations are on track and both sides have already agreed on most of the text of the chapters of the Comprehensive Economic Partnership Agreement (CEPA),” CNBC quoted government sources as saying. The second round of talks for […]

Industry

CITI And Swiss Textiles Unite For India-Switzerland FTA

Textile Insights November 25, 2023

The Confederation of Indian Textile Industry (CITI) and Swiss Textiles have joined forces in advocating for a free trade agreement between India and Switzerland. During the Joint Economic Commission meeting in Geneva, the two prominent industry associations unveiled a collaborative declaration. This joint statement has been formally submitted to the respective governments,

Industry

International Trade In Rupee Currency Soon: Piyush Goyal

Textile Insights April 22, 2023

Indian traders will soon be able to settle foreign trade in our very own rupee crurren as several bank from different countries are opening special Vostro accounts with Indian banks, said Commerce and Industry Minister Piyush Goyal. The Reserve Bank of India (RBI) has approved 60 requests to open Special Rupee Vostro Accounts (SRVAs) of […]