Export

Indian Textile & Apparel Exports Rise Marginally By 0.89% In April

Textile Insights May 16, 2024

Indian exports of textiles and apparel rose marginally by 0.89 percent to US $2.77 billion in April 2024 as against $2.75 billion in the same month of the previous year Of this, textile exports stood at $1.57 billion, up 2.4 percent year on year, while garment exports were down by 1.03 percent

Export

Indian Govt Will Focus On Boosting Textile & Garment Exports

Textile Insights May 14, 2024

“The government will focus attention on boosting India’s textile and garment exports, which fell in the previous two fiscals,” Textiles Secretary Rachna Shah said. In fiscal ending March 2024, India’s exports of textiles and clothing dropped 3.24 percent year over year to US $34.4 billion. As against this, overseas shipments of textiles and apparel amounted […]

Industry

CITI Gears Up For Future That Envisions Thriving Textile Sector

Textile Insights May 14, 2024

The Confederation of Indian Textile Industry (CITI) is gearing up for a future that envisions a thriving textile sector till 2047, which also marks ‘New India’s’ fulfillment of aspirations. “The textile industry is crafting an action plan not just for the immediate future but for the long haul till 2047,” CITI Chairman Rakesh Mehra said. […]

Export

FIEO Requests Govt To Extend Interest Equalisation Scheme

Textile Insights May 7, 2024

The Federation of Indian Export Organisations (FIEO) has urged the government to extend the interest equalisation scheme (IES) that is set to expire on June 30. In a statement, the exporter’s body said that the extension is required to offer a lifeline to small exporters grappling with high interest rates and faltering exports. “The scheme […]

Event

CITI Team Visits Techtextil To Promote Ties With Switzerland

Textile Insights April 27, 2024

A CEO delegation from the Confederation of Indian Textile Industry (CITI) visited Techtextil 2024 to promote business opportunities with Switzerland arising from the recently signed EFTA agreement. India had recently signed a Trade and Economic Partnership Agreement with the European Free Trade Association (EFTA) countries, which includes Iceland, Liechtenstein, Norway,

Export

Indian Textile & Apparel Exports Slip 3.24% In Fiscal 2023-24

Textile Insights April 17, 2024

In fiscal 2023-24, which ends in March 2024, cumulative exports of textiles and apparel from India fell 3.24 percent to $34.43 billion versus $35.58 billion in fiscal 2022-23 Between April 2023 and March 2024, Indian textiles exports registered a year over year growth of 2.62 percent and reached $19.89 billion. However, clothing exports slipped in […]

Industry

Indian Textile Industry Is Poised For Rebound In Sales – CRISIL

Textile Insights March 29, 2024

The CRISIL SME Tracker has reported that the Indian textile industry is poised for a rebound in sales after two years of contraction. The previous two financial years were challenging due to volatile cotton prices and subdued export demand. “However, the industry is expected to close this fiscal with lower revenue due to a correction […]

Export

Indian Textile & Apparel Exports Drop 7.38% Between April & Feb

Textile Insights March 26, 2024

India’s textile and apparel exports dropped 7.38 percent to US $40.76 billion in the eleven months of fiscal 2023-24 from $44.01 billion in the same period of earlier fiscal. Exports of textiles totaled $30.96 billion in the period between April and February 2024, down 4.2 percent compared to $32.33 billion in the comparable months of […]

Export

Indian Textile & Garment Exports Post 12.49% Growth In Feb

Textile Insights March 22, 2024

Indian exports of textiles and apparels in February 2024 recorded a growth of 12.49 percent over the same month of earlier year. “Of overall exports in February, textile exports rose 19.54 percent, while garment exports grew at 4.88 percent, both over February 2023,” data from Confederation of Indian Textile Industry (CITI) showed. Overseas shipments of […]

Export

India Seeks Zero Tariff On Textiles & Apparel In FTA With EU

Textile Insights February 27, 2024

India is negotiating for textiles and apparels to be classified as non-tariff items in the ongoing negotiations for a free-trade agreement (FTA) with the European Union. The EU import duties, typically ranging between 10-12 percent on textile and clothing, places India at a disadvantage with Bangladesh, which gets duty free access due to its least […]