Although domestic cotton prices remain higher than international prices, the overall demand scenario seems to be improving according to a report by Systematix Institutional Equities Research. It can recover spread in the coming quarters to support the profitability and operational efficiency of Indian textile companies. The report says the demand…

India's textile exports have reached Rs 3 lakh crore and the goal is to triple this to Rs 9 lakh crore by 2030 by strengthening domestic manufacturing and expanding global reach, the government has said. India is the sixth-largest exporter of textiles globally, contributing 8.21 per cent to the country's…

High-frequency indicators point towards a sequential pick-up in the momentum of economic activity during the second half of 2024-25, which is likely to sustain moving forward, RBI said on Wednesday in its monthly bulletin. The monthly bulletin noted that the Union Budget 2025-26 prudently balances fiscal consolidation and growth objectives…

ICE cotton futures rose to a three-week high yesterday as supply concerns supported the natural fibre. Severe weather conditions in the US cotton-growing regions have delayed harvesting. US cotton remains near a two-month low, while a weaker dollar has made cotton purchases more affordable for overseas buyers. Yesterday, the ICE…

Kasturi Cotton made a significant impact at Bharat Tex 2025 with a prominent booth and kiosk that garnered attention from industry leaders. The Hon'ble Prime Minister, Shri Narendra Modi during his visit engaged in discussions about the program's progress with Shri Vijay Agarwal, Chairman of TEXPROCIL, Shri Lalit Gupta, CMD…

India’s new projects which are supported by a Rs855m ($9m) EU grant, are designed to promote inclusive growth, resource efficiency, and sustainability within India’s textile industry, while also enhancing livelihoods and empowering women economically. The collaborative ventures will unfold across nine Indian states, namely Assam, Andhra Pradesh, Telangana, Uttarakhand, Uttar…

Indian textile minister Piyush Goyal recently urged Indian industry leaders to set ambitious targets as the economy is poised for a sustained spell of rapid growth. Addressing the 5th meeting of the Confederation of Indian Industry (CII) national council in New Delhi, he said there is huge scope to expand…

The textiles ministry Thursday amended hank yarn packaging norms whereby yarn packed for civil consumption in each quarter commencing from January-March should be less than 30 per cent of total yarn packed in each quarterly period for civil consumption. The move is expected to benefit spinning industry. Previously, this proportion…

In the post-GST implementation period, the exports of garment and made-ups have been struggling due to inadequate export benefits and tariff barriers in the global market. The industry Associations and export promotion councils have been pleading the government to refund the blocked and embedded taxes so as to enable the…

The proposed rates of Rebate on State Levies (RoSL) has come at a right time, which would benefit the garmenting and made-ups segments, Southern India Mill’ Association (SIMA) said Thursday. This would also increase the demand from the downstream sector, thereby strengthening the entire cotton textiles value chain, SIMA Chairman,…