India's recent move to impose a minimum import price (MIP) of $3.50 per kilogram on specific synthetic knitted fabrics from China has sparked debate within the textile industry. This policy follows earlier restrictions on fibre and yarn imports under Quality Control Orders (QCO)/Bureau of Indian Standards (... Read more
While India and Bangladesh launched rupee-based trade in June 2023 to reduce dependence on the US dollar, the initiative faces an uphill battle. With a turnover of just $0.46 million in nearly seven months, the program suffers from several challenges. Current challenges Dollar dominance: The global domina... Read more
The European Free Trade Association (EFTA) nations have the potential to act as a bridge for the Indian textile and apparel industry to access the European market. The EFTA comprises Iceland, Liechtenstein, Norway, and Switzerland, all of which boasts of strong economic ties with the European Union (EU) thr... Read more
The recent show ‘The Vietnam International Trade Fair for Apparel, Textiles and Textile Technologies (VIATT) 24’ sent a clear message: Vietnam's textile and apparel industry is a force to be reckoned with. The expo's success highlights a complex relationship between Vietnam and China, a story of... Read more
The Regional Comprehensive Economic Partnership (RCEP), the world's largest free trade agreement, has shown promising results for Cambodia in its first year. Its total trade with RCEP members reached nearly $30 billion, with exports growing by 28 per cent and imports falling by 13 per cent. However, the sto... Read more
In a potential boost to global digital trade members of the World Trade Organization (WTO) have tentatively agreed to extend a moratorium on tariffs on electronic commerce for another two years, according to a draft document released last week. However, the decision still requires formal approval from all 1... Read more
The Indian textiles and clothing industry, primarily reliant on domestically grown cotton, faces a tumultuous period marked by surmounting challenges. Despite grappling with issues like high capital costs, tariff barriers, and soaring power expenses, the sector traditionally leveraged competitive domestic c... Read more
India and the UK are inching closer to a Free Trade Agreement (FTA), with potential significant impacts on the textile and apparel industry. While negotiations are ongoing, there are numerous anticipated effects on both imports and exports from this perspective. Data from the Global Trade Research Initiativ... Read more
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
In a bid to fortify domestic manufacturing and mitigate the inundation of low-cost im... Read more
France's National Assembly has passed a bill aimed at addressing the environmental im... Read more
In a recent meeting with the state government officials, several representatives of t... Read more
The Directorate General of Foreign Trade (DGFT) has granted an exemption to certain i... Read more
The National Council of Textile Organizations (NCTO) warns of a looming crisis in the... Read more
The government has declared an expansion of benefits under the renowned export promot... Read more
The Karnataka Government has formulated a new textile policy spanning from 2024 to 20... Read more
The Central Government has announced an extension of the Rebate of State and Central ... Read more
Kenyan textile manufacturers have raised concerns over a government proposal to allow... Read more
Stringent government import restrictions are exacerbating the scarcity of mono-ethyle... Read more
Sri Lanka's Textile Manufacturers' Association (STMA) is urging the government to ext... Read more
The Indian government plans to expand the Production Linked Incentive (PLI) scheme fo... Read more
Textile manufacturers from Kenya's cotton-growing regions are fiercely opposing the g... Read more
The Clothing Manufacturers Association of India (CMAI) has expressed concerns about t... Read more
The Tamil Nadu Government plans to adopt a local procurement policy to capture a larg... Read more
As demand for textile exports in Europe and the US market continues to wane, India pl... Read more
The Union Textile Ministry plans to promote cotton exports under the Kasturi Cotton I... Read more
In a groundbreaking shift, India's textile industry has embraced Environmental, Socia... Read more
Rakesh Mehra, Chairman, Confederation of Indian Textile industry (CITI), has urged th... Read more
Jemmy Kartiwa Sastraatmaja, General Chairman, Indonesian Textile Association (API), s... Read more
KV Shrinivas, President, International Textile Manufacturers Federation (ITMF) urged ... Read more
Current global economic uncertainties have made the extension of the RoSCTL scheme fo... Read more
The central government plans to set up seven Pradhan Mantri Mega Integrated Textile R... Read more
The Maharashtra government is taking steps to address issues within the state's power... Read more
Focusing on its ambitious target of reaching $50 billion in export, key players in Pa... Read more
India’s Ministry of Textiles in India is taking significant steps to enhance th... Read more
The government has extended the deadline for new applications under the PLI scheme fo... Read more
Following a 25 per cent surge in cotton production across 10 states, the government p... Read more
In the evaluation report spanning 2020-33, the European Union (EU) has raised apprehe... Read more
The Bihar government is enticing entrepreneurs from Bangladesh to invest in the state... Read more
India’s Commerce Ministry is planning to introduce amendments to the rules of o... Read more
Multiple African nations are actively pursuing an extension of the African Growth and... Read more
The Apparel Made-Ups and Home Furnishing Sector Skill Council (AMHSSC) is embarking o... Read more
Mohammad Ali Khokon, President of the Bangladesh Textile Mills Association (BTMA), ha... Read more
India has signed a Supply Chain Agreement within the Indo-Pacific Economic Framework ... Read more
Kao Kim Hourn, Secretary-General of ASEAN, has advocated for India to reconsider join... Read more
The Textiles and Clothing (T&C) sector in Tamil Nadu, known as the backbone of th... Read more
Welcome Step The Indian government has recently announced the extension of the Remis... Read more
Swedish fashion retailer H&M announced on Thursday that it plans to reopen most o... Read more
The commerce and industry ministry is finalizing the national e-commerce policy. The ... Read more
Germany has expressed firm support for the revival of negotiations concerning a free ... Read more
The "Make in India" initiative, launched in 2014, has been a major success. FDI in th... Read more
Non-tariff barriers (NTBs) are increasingly proving to be a formidable weapon capable... Read more
Amidst the economic challenges confronting Sri Lanka and the introduction of stringen... Read more
India and the United Kingdom are making gradual progress towards formalizing a free t... Read more
India and Bangladesh have agreed to exclusively employ the rupee for their bilateral ... Read more
Despite facing multiple lawsuits and government scrutiny in the US, Shein has experie... Read more
Sri Lanka seeks a six-fold expansion of duty-free access for its apparel in India und... Read more
Better Cotton, the world's largest cotton sustainability initiative, has provided f... Read more
The VDMA, representing over 3,600 German and European mechanical and plant engineering compan... Read more
World Textile Information Network (WTiN) plans to co-locate Innovate: Zero Carbon with COP28 ... Read more