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

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

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 […]