FW
Privately-operated contemporary lifestyle brand, Rebecca Minkoff aims to unlock new growth channels and global scalability by transitioning to a licensing model.
Launched in 2005 by designer Rebecca Minkoff, the bespoke model made a significant entry into the fashion world with Minkoff’s highly sought-after ‘Morning After Bag; quickly becoming a favorite among celebrities like Lindsay Lohan and Hayden Panettiere. The privately operated contemporary lifestyle brand was later acquired by Sunrise Brands in 2022.
Now, in a strategic pivot, the Rebecca Minkoff brand aims to leverage the operational, manufacturing, and distribution expertise of specialized licensing partners.’ This shift aligns with broader industry trends, allowing them to maintain creative control while efficiently scaling through partners experienced in their respective categories, the brand emphasizes.
This model allows the brand to focus on innovating through design and storytelling — while its partners help bring that vision to life at scale, states Minkoff. These licensing partnerships will help build a business that can evolve with culture, not just chase it, she adds.
The transition is also expected to optimize capital deployment by shifting away from heavy inventory investment towards a royalty-based revenue model. This financial restructuring is anticipated to fuel brand innovation through more focused research, development, and experiential marketing initiatives.
Sam Hafif, CEO, Concept One, a key licensee, avers, as the licensee of the handbag, accessories, and and travel categories, the company plans to expand its products range, and distribution points globally. Concept One has hired several key members of the Rebecca Minkoff team to utilize their product development and sales expertise to support the business, he confirms.
Currently, Rebecca Minkoff products are available in over 900 distribution points worldwide. Parent company Sunrise Brands also owns other contemporary fashion labels, including Current/Elliott, NYDJ, Donald Pliner, and Joie.
Following a successful debut this past February at Spring Fair, Moda x Pure is set to return to Autumn Fair 2025 from September 7-10 at the NEC Birmingham. This second edition will be energized by a larger brand lineup and a renewed mission to champion the evolving needs of independent fashion retailers.
With a strong emphasis on conscious consumerism, inclusivity, and season-ready stock, Moda x Pure will bring together a carefully curated community of trend-driven and ethically minded brands. Positioned at the heart of Autumn Fair – the UK’s most influential B2B event for home, gift, and fashion – this dedicated sector promises high-impact product discovery, timely retail insights, and a dedicated space for networking and business conversion.
Serving as the ultimate buying destination for boutiques and fashion independents, the second edition of Moda x Pure will feature a bold mix of returning favorites and first-time exhibitors, injecting fresh energy onto the show floor. Attendees can expect to see brands like Powder, Killstar, Lisa Angel, Nomads Clothing, and Manhattan Portage, alongside new exhibitors such as One Summer (showcasing resortwear and casual staples), Betty Basics, Baily Bag, Nudie Jewellery, and Arya Fashion.
More than just a platform for product discovery, Moda x Pure aims to be a launchpad for forward-thinking retail. Beyond its curated brand lineup, the sector offers a comprehensive program of expert-led content designed to help independent retailers stay ahead of shifting trends and evolving customer expectations.
At the core of this content is The Retail Corner, where visitors can attend daily seminars, exclusive interviews, and hands-on masterclasses. Topics will span everything from trend forecasting and social commerce to visual merchandising and brand storytelling. The learning continues in the Buyers Retreat, an exclusive oasis offering a relaxing space for buyers to unwind, plan, and connect. Highlights here include sessions on ‘Powering Digital Growth for Small Businesses: How eBay Helps Independents Scale Online’ and ‘Sustainability That Sells,’ focusing on refining eco-strategies and communicating sustainability stories effectively.
UK’s largest B2B retail trade show for Home, Gift & Fashion of the season, Autumn Fair will host over 800 leading brands and 12,000+ retail buyers for four days of high-impact product discovery ahead of the busiest retail season.
Valued at $3.7 billion in 2024, the global market for high-speed knitting machines is projected to grow at a 5.61 per cent CAGR to reach $5.7 billion by 2032.
According to a report by MarketsAndResearch.com, this growth is primarily fueled by the escalating demand for efficient, automated textile manufacturing across the apparel, sportswear, and technical textiles sectors.
These advanced machines are critical for the rapid production of seamless garments, socks, and industrial fabrics, offering programmable patterning and significantly reduced labor requirements. Key manufacturers are intensifying their focus on developing electronic flat knitting machines, incorporating features like multi-gauge compatibility, enhanced stitch accuracy, and reduced energy consumption to boost overall productivity.
Market expansion is further fueled by the burgeoning fast fashion production, continuous innovations in sportswear, and the ongoing expansion of textile industries, particularly in Asia-Pacific regions such as China, Bangladesh, and Southeast Asia.
However, the market faces challenges, including the high initial cost of equipment and a shortage of skilled operators required for programming and maintenance of these sophisticated electronic systems.
Evolution in this market is being driven by recent technological advancements including the Mach2XS high-speed knitting machine featuring wholegarment technology by, Shima Seiki
This innovation enables the company to produce seamless garments with enhanced patterning flexibility and significantly reduces material wastage for apparel manufacturers worldwide.
The comprehensive market outlook also provides an in-depth analysis of the impact of ongoing supply chain disruptions and geopolitical issues, including trade tariffs, regulatory restrictions, and production losses. It also considers the effects of inflation and correlates past economic downturns with current market trends, offering crucial insights for stakeholders navigating the evolving business landscape.
India's textile sector—a symbol of resilience, rural prosperity, and export strength—is at a crossroad. As the 2025-26 fiscal unfolds, a complex challenge grips the industry: shrinking cotton exports, ballooning imports, and relentless pressure on the margins of domestic mills. For a country that once prided itself as a leading global cotton exporter, this shift signals more than a market correction—it underscores structural vulnerabilities that could reshape India’s textile trajectory.
At the heart of this transformation lies a contradiction. While India’s cotton yarn exports are showing faint signs of revival, raw cotton imports are rising at an alarming rate. The trend not only exposes Indian mills to global market volatilities but also raises fundamental questions about domestic cotton policy, pricing, and long-term competitiveness.
From export giant to import reliant
Historically, India was a dominant cotton exporter. But that narrative is quickly unraveling. Recent data points to a dramatic reversal: from October 2023 to April 2025, cotton imports have surged, often exceeding exports by wide margins.
Table: Indian cotton import vs. export (MT)
|
Month/Year |
Import (MT) |
Export (MT) |
|
Oct-23 |
11,226 |
26,190 |
|
Nov-23 |
9,434 |
34,182 |
|
Dec-23 |
8,990 |
37,954 |
|
Jan-24 |
4,937 |
47,781 |
|
Feb-24 |
7,209 |
120,166 |
|
Mar-24 |
9,940 |
64,441 |
|
Apr-24 |
16,761 |
38,567 |
|
May-24 |
13,305 |
39,830 |
|
Jun-24 |
14,481 |
36,884 |
|
Jul-24 |
25,267 |
17,387 |
|
Aug-24 |
35,620 |
10,087 |
|
Sep-24 |
46,987 |
8,641 |
|
Oct-24 |
61,391 |
17,880 |
|
Nov-24 |
61,922 |
28,696 |
|
Dec-24 |
87,307 |
40,750 |
|
Jan-25 |
73,502 |
37,652 |
|
Feb-25 |
58,001 |
29,982 |
|
Mar-25 |
49,126 |
21,934 |
|
Apr-25 |
34,152 |
21,035 |
Source: Indian Cotton Import Vs Export Chart
While the first half of the period (Oct ’23–Mar ’24) saw stronger exports, the trend flipped dramatically from mid-2024 onwards. By April 2025, monthly imports were outstripping exports by over 60%. This import-dependence is particularly concerning for a country that still ranks among the world’s top cotton producers.
So, what triggered this reversal? One factor is India’s high Minimum Support Price (MSP) for cotton. Designed to safeguard farmers, the MSP has made domestic cotton more expensive than international alternatives. While this supports rural incomes, it simultaneously erodes the competitiveness of Indian cotton on the global stage.
Add to this a shrinking domestic surplus—thanks to erratic weather patterns, lower yields, and stagnant acreage—and you get a market where mills are increasingly turning to imported fiber to stay operational.
Yarn exports recovery on fragile ground
While the raw cotton trade suffers, yarn exports tell a slightly more hopeful story. After dipping significantly between 2018 and 2022, India’s cotton yarn exports are staging a comeback. But the climb is slow—and precarious.
Table: Yearwise cotton yarn exports (MT)
|
Fiscal Year |
Export (MT) |
|
2016-17 |
1,088,083 |
|
2017-18 |
1,261,652 |
|
2018-19 |
1,003,735 |
|
2019-20 |
978,558 |
|
2020-21 |
1,181,313 |
|
2021-22 |
899,311 |
|
2022-23 |
927,062 |
|
2023-24 |
1,091,580 |
Source: Yearwise Indian Cotton Yarn Exports Chart
Despite nearing pre-2018 levels, yarn exports are still below their 2017-18 peak. And sustaining this recovery is difficult. Spinners are caught in a bind: they must import cotton at higher costs to remain operational, but they face stiff global competition from countries with cheaper input costs.
The domestic mill squeeze
On the ground, India’s spinning mills are grappling with a perfect storm. Raw material cost inflation is eating into margins, with mills forced to choose between expensive domestic cotton and volatile imported alternatives. Worse, yarn and fabric prices haven’t kept pace with input costs, compressing profit margins to unsustainable levels.
Many mills are running below capacity, delaying modernization efforts, scaling down operations, and in some cases, laying off workers. For a sector that employs over 45 million people across its value chain, this is more than a business concern—it’s a social one.
Policy a balancing act
At the heart of the cotton conundrum lies a challenging policy tightrope. The government must balance farmer welfare (through MSP) with mill viability and export competitiveness. Industry insiders believe that the Cotton Corporation of India (CCI) has an important role to play. Transparent, predictable release of CCI-held cotton stocks at reasonable prices could ease pressure on mills. “A stable procurement calendar and parity pricing can bring much-needed predictability into the market,” says a senior industry executive.
Moreover, experts are calling for a review of duty structures. Reducing duties on cotton imports during deficit periods and providing export incentives for value-added products could boost sectoral health.
A roadmap for revival
To reinvigorate the cotton and textile ecosystem, stakeholders are pushing a multi-pronged revival strategy:
1. CCI Policy Transparency
Mills need predictable and transparent timelines for CCI stock releases. This would reduce procurement uncertainty and stabilize prices.
2. Affordable Domestic Cotton Access
Mechanisms like differential MSPs for industrial use or cotton pools for mills could make Indian cotton more accessible and competitively priced.
3. Focus on Value-Added Exports
Rather than focusing on raw cotton exports, India must move up the value chain—specialty yarns, technical textiles, and finished fabrics offer higher margins and job creation.
4. Sustainable & Traceable Cotton for Premium Markets
With ESG compliance gaining traction globally, investing in regenerative, organic, and traceable cotton can help India tap premium international markets.
A sector at the crossroads
India’s textile sector is no stranger to turbulence, but the current cotton crisis is unlike past cycles. It reflects deeper structural issues—pricing rigidity, policy imbalances, and a lag in modernization. Hence, without urgent and coordinated policy action, India risks ceding its leadership in cotton and textiles to more nimble competitors. Yet, within this crisis lies an opportunity. By reimagining cotton as a value chain—not just a raw material—and aligning farmer interests with manufacturing competitiveness, India can weave a stronger, more resilient future. As one industry veteran aptly put it: “We’re not just importing cotton; we’re importing risk. It’s time to spin a different story.”
India's vision of becoming a global textile powerhouse and generating millions of manufacturing jobs is facing significant headwinds, largely due to policy hurdles surrounding man-made fibers (MMF). As highlighted by former Niti Aayog CEO and G20 Sherpa Amitabh Kant, the twin challenges of high import duties and stringent Quality Control Orders (QCOs) on MMF raw materials like polyester and viscose are stifling the industry's competitiveness and growth.
India's textile and apparel sector, despite being one of the largest employment generators, paradoxically lags behind global competitors such as China, Bangladesh, and Vietnam in MMF-based product exports. The core issue, as Kant says, lies at the raw material stage, where Indian manufacturers face a substantial cost disadvantage.
The cost burden, a 25 per cent premium
Kant's recent remarks underscore a critical point: raw materials for MMF are approximately 25 per cent more expensive in India compared to global competitors. This cost disparity, which increases as products move up the value chain, erodes the India’s competitiveness in the global market.
Historically, anti-dumping duties were a point of contention for the MMF industry, making imported raw materials more expensive. While these have largely been eliminated, a new formidable barrier has emerged in the form of Quality Control Orders.
Is QCOs, a double-edged sword?
QCOs, intended to ensure product quality and promote domestic manufacturing, have inadvertently become a non-tariff barrier, limiting the import of less expensive, essential raw materials. For polyester and viscose, QCOs mandate that both domestic and international suppliers obtain Bureau of Indian Standards (BIS) certification to sell their products in India.
Impact on polyester
The Quality Control Order for polyester fibre and yarn, initially slated for implementation in October 2022, was eventually enforced in April 2023. While domestic manufacturers largely possess the BIS license, many foreign manufacturers still face delays in obtaining this certification. This has led to:
• Supply disruptions: Importers struggle to source materials from non-BIS certified foreign suppliers, causing supply chain bottlenecks.
• Increased domestic prices: With limited competitive imports, domestic manufacturers can command higher prices, further contributing to the cost disadvantage.
• Capacity underutilization: Indian manufacturers, dependent on these raw materials, face unutilized production capacity due to limited access to affordable inputs.
In a partial relief, in June 2024, the Indian government exempted polyester staple fibre (PSF), filaments, and spun yarn imported under the Advance Authorisation Scheme from QCOs, specifically for goods intended for export. This move aims to ease procurement for export-oriented units.
Impact on viscose
Similar to polyester, Quality Control Orders on Viscose Staple Fibre (VSF) came into effect in March 2023, with a further notification in September 2024 suggesting QCOs on Viscose Spun Yarn (VSY). The industry, particularly in textile hubs like Tamil Nadu, has constantly urged the government to revoke these QCOs on viscose.
• Reliance on a single domestic source: Grasim Industries is reportedly the sole producer of VSF in India, and QCOs on VSF imports have significantly limited access to competitively priced VSF from countries like China, Thailand, and Indonesia.
• Higher input costs: Reduced competition forces Indian spinners to purchase VSF from the single domestic source at higher prices. Even with Free Trade Agreements (FTAs) that could offer cheaper imported VSF, the QCO negates this cost advantage.
• Production slowdown and job losses: The increased input costs and supply shortages have led to production slowdowns, unit closures, and job losses in the weaving and spinning sectors.
The Directorate General of Foreign Trade (DGFT) did provide some relief by exempting VSF imports from QCOs under the Advance Authorisation Scheme in March 2024 for export purposes. However, industry bodies argue this is insufficient, as only a handful of players can utilize this scheme, and a broader revocation of QCOs on MMF inputs is needed for widespread relief.
The global-local disparity, why MMF matters
Globally, MMF constitutes about 70 per cent of the textile and apparel market, while India's ratio is the inverse, with a greater reliance on cotton (approximately 60 per cent of fibre consumption in India is cotton, while only 40 per cent is MMF). This skewed reliance restricts India's global competitiveness, as MMF offers versatility, cost-effectiveness, and sustainability.
Table: MMF’s share in India and in global market
Feature Global textile market (MMF share) Indian textile market (MMF share) Market Share 70% 40% (opposite ratio to cotton) MMF Raw Material Cost Competitive 25% higher than global Major MMF Producers (Global) China (82% of global MMF capacity) India (8% of global MMF capacity) MMF Exports from India $6 billion per annum Lagging behind competitors
Source: Industry reports and government data (approximate figures)
Call for policy rethink
Kant's call for "zero import duties and QCOs on MMF" resonates deeply within the Indian textile industry. The current policies, while perhaps well-intentioned for quality control, are creating an artificial trade barrier, hindering access to crucial raw materials at competitive prices.
Industry associations, including the Confederation of Indian Textile Industry (CITI) and The Southern India Mills' Association (SIMA), have consistently urged the government to review and revoke these QCOs, emphasizing that they are detrimental to the downstream MMF industry, which has high employment elasticity. They argue that instead of ensuring quality, QCOs are creating supply disruptions and driving up domestic prices.
The path forward
To truly unlock the potential of millions of small enterprises, accelerate their growth, generate large-scale employment, and position India as a global textile powerhouse, policymakers must prioritize a shift towards a more liberal import regime for MMF raw materials. This includes:
Eliminating import duties: Reducing import duties to zero on key MMF raw materials would instantly lower input costs, making Indian products more competitive.
Scrapping or reforming QCOs: A thorough review of QCOs is crucial, perhaps adopting a more nuanced approach after extensive consultation with all stakeholders, particularly MSMEs. The focus should be on ensuring quality of end-products, rather than creating barriers at the raw material stage.
The Indian textile industry stands at a critical juncture. By addressing the fundamental issues of raw material competitiveness through a re-evaluation of import duties and QCOs, India can indeed weave a stronger, more competitive future in the global textile landscape.
In a meeting with Shahidullah Azim, Vice President, Bangladesh Garment Manufacturers and Exporters Association (BGMEA), a delegation from the Uzbekistan Textile and Garment Industry Association (UZTEXTILEPROM) discussed potential collaborations to foster mutual trade benefits in the apparel and textile sectors. Focusing on identifying areas for trade and investment, the meeting signified a growing interest in inter-regional cooperation within the global textile industry.
The UZTEXTILEPROM delegation included key figures such as Mukhammadsaidov Bakhtiyor, Head-Department of the Textile, Garment and Knitwear Industry, Ministry of Investment, Industry and Trade; Sherzod Akbarov, Head of Department, UZTEXTILEPROM; and Mehdi Mahbub, Advisor, UZTEXTILEPROM. Their presence underscored the importance Uzbekistan places on strengthening international partnerships in this vital sector.
During the discussion, the Uzbek delegation presented an overview of their nation's textile and garment industry, emphasizing its significant competitive advantages. A key highlight was Uzbekistan's strategic geographical location, offering close proximity and easy access to Commonwealth of Independent States (CIS) countries. This access to a substantial market presents a compelling proposition for potential partnerships. To further explore these opportunities, the UZTEXTILEPROM representatives extended an invitation for a business delegation from BGMEA to visit Uzbekistan.
In turn, Azim highlighted Bangladesh's evolving focus on product diversification, particularly in high-value man-made fiber (MMF)-based garments. He emphasized Bangladesh's proactive efforts to penetrate new export markets, specifically citing the CIS region, which boasts an estimated $55 billion apparel market. Azim proposed a collaborative approach, inviting the Uzbek delegation to work together to explore avenues for Bangladesh's ready-made garment (RMG) exports to CIS markets via Uzbekistan. This strategic alliance could leverage Uzbekistan's established access to the CIS bloc, creating a mutually beneficial trade corridor for both nations.
Following a meeting with Ursula von der Leyen, President, European Commission on July 27, 2025, US President Donald Trump announced the signing of a trade deal introducing a 15 per cent tariff on most goods from the European Union entering the US, including cars.
Notably, certain products like aircrafts, their components, chemicals, and pharmaceuticals will be exempted from these tariffs. This new rate will not be added to existing tariffs. Earlier this month, President Trump had threatened a 30 per cent tariff on the EU, to which the bloc had prepared retaliatory measures.
Beyond tariffs, the agreement includes substantial economic commitments. The EU will purchase US energy worth $750 billion and invest an additional $600 billion in the US over time. As announced by President Trump, ‘hundreds of billions of dollars worth military equipment would also be purchased,’ He lauded the agreement as ‘a very powerful and big deal, it's the biggest of all the deals,’ he asserted.
The deal received a mixed but generally positive reception. Ireland acknowledged trade would become ‘more challenging and expensive’ but welcomed the clarity. Praising the deal, German Chancellor Friedrich Merz highlighted its benefits for Germany's auto industry as it reduced tariffs from 27.5 per cent to 15 per cent. Dick Schoof, Prime Minister, The Netherlands, commended the EU for securing the ‘best deal possible.’ The US-EU trade relationship is valued at nearly $2 trillion.
After a dip in May, UK retail sales volumes increased by an estimated 0.9 per cent M-o-M and 1.7 per cent Y-o-Y in June 2025, shows a report by the Office for National Statistics (ONS). This positive trend follows a significant 2.8 per cent M-o-M decline in May, indicating a renewed consumer activity.
However despite this recent growth, overall re tail volumes in June remained 1.6 per cent below their pre-COVID-19 levels recorded in February 2020, highlighting the ongoing recovery still needed in the sector.
Showing encouraging signs, retail sales volumes in Q2, FY25 increased by 0.2 per cent Q-o-Q and 1.8 per cent Y-o-Y during the quarter, as per the ONS release. This increase suggests a steady, albeit modest, improvement in consumer spending habits.
A notable highlight in June was the robust performance of non-store retailers, whose sales volumes increased by 1.7 per cent. This growth pushed non-store sales to their highest level since February 2022, underscoring a continued shift towards digital purchasing. While less dramatic, non-food store sales volumes also saw a marginal increase of 0.2 per cent M-o-M in June, with department stores and clothing retailers experiencing month-over-month growth.
The rise in online activity was particularly pronounced in terms of spending. The amount spent online, or ‘online spending values,’ increased by 2.3 per cent M-o-M and 4.5 per cent Y-o-Y in June 2025. This digital growth extended into the second quarter, with online spending values rising by 3.3 per cent Q-o-Q.
Consequently, total retail spend - combining both in-store and online sales - increased by 1.1 per cent M-o-M. This led to a slight but significant rise in the proportion of sales made online, which grew from 27.4 per cent in May 2025 to 27.8 per cent in June 2025, further solidifying the growing importance of e-commerce in the UK retail landscape.
Telangana is actively pursuing stronger economic ties with Taiwan, with D Sridhar Babu, IT and Industries Minister announcing plans to establish dedicated manufacturing zones and exclusive textile clusters in the state for Taiwanese companies. This offer was extended during a meeting with an 11-member Taiwanese textile delegation, led by Taiwan Textile Federation President Justin Huang, at the Secretariat in Hyderabad.
Urging Taiwanese industrialists to invest in Telangana's rapidly growing textile sector, Minister Babu emphasized the state's significant opportunities compared to other Indian states. He highlighted, Telangana has swiftly risen as a formidable player in the textile industry, making a notable contribution to the state's economy. The Gross State Value Added (GSVA) from industries for 2024-25 stood at Rs 2.77 lakh crore, with textiles playing a key role. Telangana produces some of the finest quality cotton in India, he stated.
A key highlight presented by the Minister was the Kakatiya Mega Textile Park (KMTP), a state government initiative described as a ‘game-changer.’ KMTP offers integrated, world-class infrastructure covering the entire textile value chain, from ginning and spinning to weaving, processing, and garmenting. Leading international companies such as Youngone, Kitex, and Ganesha Ecosphere have already invested in the park, which benefits from its strategic location along the Hyderabad–Nagpur–Vijayawada Industrial Corridor and excellent logistics.
Assuring the delegation of the Telangana government's commitment to fostering industrial growth through global partnerships, Minister Babu pointed to vast investment opportunities in areas like functional textiles, eco-friendly dyeing, and textile recycling. He underscored the state's attractive offerings including customized land parcels, plug-and-play facilities, a skilled workforce, effective leadership, a stable government and strategic geographic advantage.
Beyond textiles, Minister Babu identified other sectors ripe for collaboration with Taiwanese enterprises, including technical textiles, electronics system design and manufacturing (ESDM), sustainable manufacturing, and innovation and research and development. This proactive outreach aims to strengthen bilateral industrial cooperation and attract significant Taiwanese investment into Telangana, he affirmed.
India's Goods and Services Tax (GST) Council plans to evaluate a proposal to implement a uniform 12 per cent GST across the entire textile value chain. Expected to be discussed before September as part of the next phase of GST reforms, this reform aims to correct the long-standing inverted duty structure that has plagued the sector, as per a report by Moneycontrol.
Likely to be part of the Group of Ministers' (GoM) rate rationalization report, the proposal is being supported by the Centre. Currently, cotton is taxed at 5 per cent, yarn at 12 per cent, and synthetic fibers and their chemicals at 18 per cent. Additionally, garments priced below Rs 2,000 attract a 5 per cent GST, while those above Rs 2,000 are taxed at 12 per cent.
The proposal is to bring everything to 12 percent. The lower 5 per cent GST on cotton was originally intended to benefit farmers and keep raw materials affordable, given its status as a primary agricultural commodity. However, this rate mismatch has led to working capital getting stuck in refund claims, distorted pricing, and disincentives for investment.
The proposed reform may also eliminate the price threshold on garments, applying a flat 12 per cent rate irrespective of value for simplification.
The current rate structure not only distorts pricing but also impacts cash flow due to reliance on inverted duty refunds, which the government aims to limit. This move is part of a broader effort to streamline the GST framework, reduce hidden costs, and enhance the global competitiveness of India’s textile industry. A uniform rate is expected to simplify compliance, reduce reliance on refunds, and potentially attract new capital into textile manufacturing, particularly benefiting the synthetic segment which currently faces heavier taxation despite its mass consumption.
