The influx of Chinese fabrics into India has become a contentious issue, raising concerns about unfair competition, job losses, and the fate of the domestic textile industry. This influx raises concerns about legality and the future of domestic manufacturers. The issue is fairly complex.
Policy tailwinds f... Read more
The Indian textile industry, once a global powerhouse, is facing significant challenges. Declining exports, ailing infrastructure, and fierce competition threaten its future. In a recent report, a Parliamentary Committee recognized the need for urgent action and called for a comprehensive National Textile P... Read more
The textile industry, a crucial spoke in India and China’s GDP economic growth, has become a battleground for anti-dumping duties (ADD), raising concerns about business losses and the future of trade relations.
Tit for tat ADDs
Both India and China have imposed ADD on imports from each other. ... Read more
India's textile industry, a major contributor to the economy, is facing a ripple effect due to a new amendment in the Companies Act 2023. This amendment, aimed at improving liquidity for Micro, Small, and Medium Enterprises (MSMEs), mandates faster payments to these entities. While the long-term benefits ar... Read more
The Production Linked Incentive (PLI) scheme, a government initiative to boost domestic manufacturing, has got mixed results in the Indian textile and apparel industry. While ambitious in its goals, the scheme's adoption by industry players has been sluggish, raising questions about its effectiveness in thi... Read more
The South India Garment Association (SIGA) has raised alarm over the potential negative effect on the garment industry due to a new payment rule for Micro, Small, and Medium Enterprises (MSMEs). In a letter to Prime Minister Narendra Modi, SIGA urged for the repeal of Rule 43B(H) of Income Tax Act, claiming... Read more
With the upcoming Union Budget expected to be an interim one, Indian textile and apparel industry is keeping its fingers crossed, hoping for measures that will provide much-needed fillip to the sector. Key industry bodies like AEPC, TEXPROCIL, SRTEPC, and CMAI have submitted their wishlist to the government... Read more
India's vibrant apparel industry, known for its intricate craftsmanship and dazzling patterns, stands at a crossroads. Free Trade Agreements (FTAs) with the UAE and Australia promise alluring export avenues, but beneath the surface, anxieties over heightened competition and domestic vulnerabilities simmer. ... Read more
India's textile and apparel industry, once a vibrant powerhouse, is facing a tough weave. Despite projections of robust growth, the sector struggles to translate potential into reality. Let's unravel the threads of this predicament, examining the roadblocks hindering progress and exploring potential pathway... Read more
India's cotton industry is experiencing significant volatility, with the recent report from CRISIL Ratings indicating a potential 13 to 15 per cent loss in revenue for Indian cotton spinning mills. The basis points are expected to decline by 250 to 300, largely attributed to lower downstream demand, invento... Read more
Apparel retailers in the US and Europe , as the primary buyers of Bangladesh- garments have agreed to accept higher prices to help factories offset wage increases along with helping the daily survival of low-income workers, in a humanitarian move. Bangladesh factories that employ low-wage workers --mainly w... Read more
The much-awaited bilateral free trade agreement (FTA) negotiations between India and the UK -- which wa proposed by Boris Johnson in April this year- may see the light of day by the end-of-year. The early harvest agreement pact had aimed to achieve up to 65 per cent of coverage for goods and up to 40 per ce... Read more