Industry

Indian Textile & Garment Sector Worst Affected Worldwide

Textile Insights December 29, 2023

The Indian textiles and apparel industry is the worst affected among various textile and garment producing countries due to various challenges. “Challenges include on the raw material front, both cotton and manmade fibres, and a steep increase in power cost,” President of International Textile

Export

Indian Textile & Apparel Export Shipments Freight Spikes 40%

Textile Insights December 28, 2023

The attack on merchant ships by Houthi rebel attacks in the Red Sea has spiked freight rates by 40 percent, with expectations of them going up and impacting Indian textile and garment export costs. Red sea is one of the busiest sea routes that connect Asia and Europe, but the attacks have forced ships to […]

Export

Indian Textile & Apparel Exports Expand 10.4% In October

Textile Insights November 17, 2023

India’s exports of textile and garments in October this year posted a growth of 10.44 percent over the same month of previous year. According to data of Confederation of Indian Textile Industry (CITI), shipments of textiles in October 2023 rose massively by 24.29 percent over October 2022, while apparel exports fell 8.08 percent. Cumulative exports […]

Export

Indian MMF Textile Exports Drop 12% Between April & Aug

Textile Insights November 16, 2023

In the first five months of fiscal 2024 ending August 2023, MMF textile exports declined 12 percent year on year to $2.26 billion from $2.56 billion in the comparable period of 2022. Manmade fibre (MMF) textile exports in August from India reached US $471 million, dropping 4.8 percent from $495 million in the same month […]

Export

Indian Textile & Garment Exports Drop 8.81% In H1FY’24

Textile Insights October 18, 2023

In the period between April and September 2023, Indian textile and apparel exports fell to $16.79 billion, down 8.81 percent as against $18.42 billion in the same period of fiscal 2023. Of this, textile exports dropped by 3.59 percent year on year to $9.83 billion in the first six months of the current fiscal Clothing […]

Export

Indian Exporters To Get Automatic ‘Status Holder’ Certificates

Textile Insights October 11, 2023

Union Minister of Commerce & Industry and Textiles Piyush Goyal unveiled an initiative to issue system based automatic ‘Status Holder’ certificates under the Foreign Trade Policy (FTP) 2023. The exporter will not be required to apply to the office of Directorate General of Foreign Trade (DGFT) for a status certificate. The export recognition will be […]

Export

Has China Plus One Helped Indian Textile & Garment Sector?

Textile Insights August 29, 2023

The ‘China Plus One’ strategy refers to a business strategy adopted by multinational companies, to diversify their production and supply chain activities by adding an alternative manufacturing or sourcing location to China and was introduced in 2013. But has the China Plus One strategy worked to the advantage of countries like India, which is a […]

Export

Indian Garment Exports Down 17.3% in July 2023

Textile Insights August 18, 2023

For the month of July 2023, shipments of textiles were down 1.9 percent, while those of garments dropped higher at 17.37 per cent, when compared with July 2022. Textile exports touched US $1.66 billion in July 2023 as against $1.69 billion last July, while garment exports totaled $1.14 billion last month as against $1.38 billion […]

Export

Global Textile Sector In Need Of Demand Revival

Textile Insights July 31, 2023

As the economy is expected to rebound in the United States followed by Europe, global textiles industry is in the need of demand revival. The past eighteen months has witnessed rocky economic climate showing anomalies such as high inflation, strong labour market and weak consumer demand. The textiles sector in India has been hit hard […]

Export

Process Eased For Duty Free Import Of Export Purpose Inputs

Textile Insights July 19, 2023

Directorate General of Foreign Trade (DGFT) has implemented the Advance Authorisation Scheme under the Foreign Trade Policy, which allows duty-free import of inputs for export purposes. “The eligibility of inputs is determined by Sector-specific Norms Committees based on input-output norms,” a PIB press release stated. To make the norms fixation process more efficient,