Textile Exports

India's technical textile exports grew 28.4% in 2021-22: Govt to Lok Sabha

In view to boosting the technical textiles sector in the country, the government has set up the National Technical Textiles Mission (NTTM) for a period of 4 years with an outlay of Rs 1,480 crores

Updated On: 09 Feb 2023 | 7:26 AM IST

FTA with Australia to create level-playing field for home textile exporters

Even as there is a slowdown in demand for Indian garments in the US and Europe, free trade agreement (FTA) with Australia is likely to provide a level-playing field for home textile exporters in 2022-23, according to a report. The build-up of inventories on account of the cut on discretionary expenditure and reallocation of expenses to services have reduced imports into the key US market, according to a India Ratings and Research (Ind-Ra) report. Consequently, the home textile segment continued to experience a demand slowdown, whereas other segments of cotton, apparel and man-made spinning continue to benefit from the China+1 sourcing and continuing US ban on the use of cotton from Xinjiang, China. However, given the discretionary nature of textile products, Ind-Ra expects the slowing demand in Europe, the US and other parts of the world to have an impact on textile exports. In addition, the report stated that small yarn players facing cotton availability issues are likely to get .

Updated On: 08 Dec 2022 | 8:41 PM IST

India's textiles sector eyeing $100-billion exports in 5-6 years: Goyal

The minister said that last year, textile export was approximately USD 42 billion, while the target is to achieve USD 100 billion by next 5-6 years

Updated On: 27 Oct 2022 | 5:24 PM IST

Tiruppur exporters brace for slowdown, see demand dipping by 40%

Tiruppur contributed around 54.2 per cent of the country's textile exports last fiscal

Updated On: 30 Sep 2022 | 8:08 PM IST

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TMS Ep204: Tiruppur textile, Pallonji Mistry, liquor stocks, tokenisation

How can India create 75 more Tiruppurs? What legacy has Pallonji Mistry left behind? Will fizz return to liquor stocks? What is tokenisation? All answers here

Updated On: 29 Jun 2022 | 8:00 AM IST

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How can India replicate the success of Tiruppur in 75 other places?

The small town of Tiruppur contributes about 90% of knit-wear exports from India. Govt now plans to create 75 textile hubs across India like Tiruppur. Find out the significance of this textile hub

Updated On: 29 Jun 2022 | 7:00 AM IST

Making efforts to promote brand India at global platforms: AEPC

Exports of ready-made garments during 2021-22 stood at $16 billion, an increase 30.4 per cent over previous year

Updated On: 22 Apr 2022 | 3:59 PM IST

Denim major Vishal Fabrics to double exports this fiscal, add capacity

Vishal Fabrics is the flagship of the diversified Chiripal Group and commenced operations in 1985

Updated On: 14 Apr 2022 | 9:10 PM IST

FinMin waives customs duty on cotton imports till September 30

Currently, cotton imports attract 5 per cent Basic Customs Duty (BCD) and 5 per cent Agriculture Infrastructure Development Cess (AIDC)

Updated On: 14 Apr 2022 | 2:13 AM IST

We should cross $40 billion export-mark this year: Textiles Secretary

India's textiles exports are expected to cross $40 billion during the current fiscal, Textiles Secretary UB Singh said on Wednesday.

Updated On: 09 Mar 2022 | 5:21 PM IST

India's textile industry at near capacity, raising hopes for creating jobs

India is the world's fifth biggest textile and apparel exporter with a 4% share of the $840 billion global market

Updated On: 11 Feb 2022 | 8:27 AM IST

Textile exports registered 41% growth during April-December 2021

During the period between April and December, 2021, total textiles and apparels exports, including handicrafts, stood at $29.8 billion

Updated On: 13 Jan 2022 | 10:06 AM IST

Natural gas shortage leads to Pakistan losing 20% of vital textile exports

About $250 million of textiles exports were lost last month after mills in Punjab were forced to shut for 15 days, said Shahid Sattar, executive director of All Pakistan Textile Mills Association

Updated On: 03 Jan 2022 | 9:52 AM IST

India's textile and apparel exports outshine pre-Covid numbers

Export of all commodities in the segment was valued at $263 billion during the April-November period in 2021-22

Updated On: 27 Dec 2021 | 6:08 AM IST

China-Plus-One to push Indian textile exports to $65 bn by 2026: Study

Surge is likely to generate 7.5-10 million new jobs

Updated On: 28 Oct 2021 | 1:36 AM IST

Value of textile exports should be increased to $100 bn from $33 bn: Goyal

Goyal says PLI and mega textile parks scheme to be approved soon

Updated On: 04 Sep 2021 | 12:57 AM IST

Home textile exporters to clock 20% growth with healthy margins: ICRA

Indian home textile exporters are set to register robust performance during FY2022

Updated On: 18 Aug 2021 | 11:48 AM IST

Home textile exporters to clock 20-25% growth in FY22: Report

Home textile exporters are set to clock a 20-25 per cent growth in 2021-22 with healthy margins, according to a report.

Updated On: 17 Aug 2021 | 6:57 PM IST

India's textile exporters to see 20-25% growth this fiscal: Icra eport

Sharp surge in demand for home improvement products; strong festive demand seen this year backed by favourable vaccination coverage across key markets

Updated On: 17 Aug 2021 | 2:06 PM IST

Govt approves extension of RoSCTL scheme till 2024 for textiles exporters

Garment exporters will continue to get a rebate on central and state taxes on their outward shipments as the government on Wednesday approved extension of RoSCTL scheme till March 2024.

Updated On: 14 Jul 2021 | 4:41 PM IST