Cotton

SISPA Urges CCI to Prioritize Cotton Sales To MSME Mills

Textile Insights June 28, 2024

The South India Spinners Association (SISPA) has called for immediate action from the Cotton Corporation of India (CCI) to prioritize cotton sales to Micro, Small, and Medium Enterprise (MSME) spinning mills beginning July 1. SISPA has urged that the current cotton sales policy from CCI be

Policies

India Extends PLI Scheme Timeline Amid Textile Export Challenges

Textile Insights June 19, 2024

The Indian government has decided to extend the timeline for setting up facilities under its Production Linked Incentive (PLI) scheme from two years to over three years. This adjustment aims to improve the scheme’s effectiveness in boosting India’s textile exports, which saw a decline of 11.69% from $16.24 billion in 2018 to $14.34 billion in […]

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 […]

Export

Revitalizing Indian Textile Exports With Government Initiatives

Textile Insights December 12, 2023

Indian textile small and medium enterprises (SMEs) capitalize on the nation’s rich pool of raw materials and abundant resources. While globalization has opened up new international avenues, persistent challenges have hindered growth. India faces formidable competition from countries like Bangladesh and Vietnam, which benefit from lower labour costs and expansive

Policies

FTA With UK Alone May Not Lead To Big Surge In India’s T&A Exports

Textile Insights December 12, 2023

Even as India and the UK are close to concluding talks on a Free Trade Agreement (FTA), experts and observers in the textiles and apparel sector are of the view that the agreement may not fetch the desired results unless the industry gears up to manufacture right kind of product mix at competitive pricing. Currently, […]

Export

Asian Countries Risk Losing $65bn In Apparel Exports

Textile Insights September 14, 2023

A new study by Cornell University’s Global Labour Institute (GLI) and Schroders, reveals extreme heat and flooding are threatening key apparel production hubs. “Four countries vital for fashion production like Bangladesh, Cambodia, Pakistan and Vietnam risk missing out on $65 billion in export earnings and almost one million new jobs,” the study said. The collaboration

Export

Uttar Pradesh Aims To Double Silk Production To Boost Textile Exports

Textile Insights August 30, 2023

The Uttar Pradesh government is formulating a strategy to amplify silk production to over 700 tonnes, with the goal of invigorating textile manufacturing and boosting premium apparel exports from the state. The proposed plan includes the establishment of silk clusters and research institutions to encourage silk production, thereby enhancing rural incomes, particularly

Export

Chinese Textile Exports Down 11 Percent In Jan-June 2023

Textile Insights August 5, 2023

In the first six months of 2023, Chinese textile exports like home textiles, yarns and fabrics totaled $67.69 billion, down 11 percent over the similar period in 2022. Chinese garment exports dipped slower at 6 percent to US $74.98 billion in the first half of 2023 as against $79.68 billion in the comparable months of […]

Export

Goyal Discusses Roadmap To Achieve $100 Bn Exports By 2030

Textile Insights July 20, 2023

At a brainstorming session held with officials of the Ministry of Textiles, Minister for Textiles Piyush Goyal discussed the roadmap to achieve the target of $250 billion in textiles production and $100 billion exports by 2030. According to a PIB press release, at the Chintan Shivir, Piyush Goyal emphasised on holistic approach towards making the […]