Recent News

The Indian rupee on wednesday higher 03 paise to close at 88.10 per dollar, while it opened at 88.13 in the morning.At close, the Sensex was up 323.83 points or 0.40 percent at 81,425.15, and the Nifty was up 104.5 points or 0.42 percent at 24,973.10. About 2169 shares advanced, 1558 shares declined, and 114 shares unchanged.read more :- Massive drop in cotton sowing: Decade's lowest level 

From 132 to 109 Lakh Hectares: Cotton Sowing Slips to Decade LowIndia’s cotton sector has witnessed a steady contraction in sowing area over the past six years, raising concerns about upcoming production trends.Sowing Area Trend:In 2020–21, the cotton sowing area stood at 132.85 lakh hectares, but it has since shown a declining pattern. By 2024–25, the area had dropped to 112.95 lakh hectares, and in the current 2025–26 season, it has further slipped to 109.17 lakh hectares — the lowest in six years.Production Overview:Cotton production has broadly mirrored the acreage trend. From a peak of 352.48 lakh bales in 2020–21, output fell to 306.92 lakh bales in 2024–25. The production estimate for the current season (2025–26) is still awaited, but given the reduction in sowing, analysts anticipate a further dip unless favorable weather and yield improvements offset the decline.Market Outlook:Industry experts highlight that lower acreage could tighten supply, potentially supporting domestic cotton prices. However, much will depend on crop conditions, pest pressures, and rainfall distribution in the coming months.With acreage shrinking year after year, stakeholders are closely watching whether India’s cotton production will continue its downward trajectory in 2025–26 or stabilize due to better yields.read more :- Confident on Trump-Modi trade talks

Trump, Modi Confident of Positive Outcome in Bilateral Trade DiscussionsPresident Donald Trump on Wednesday took to Twitter to announce progress in ongoing trade negotiations between the United States and India, expressing confidence that the discussions would conclude successfully.“I am pleased to announce that India and the United States of America are continuing negotiations to address the trade barriers between our two nations. I look forward to speaking with my very good friend, Prime Minister Modi, in the upcoming weeks. I feel certain that there will be no difficulty in coming to a successful conclusion for both of our great countries,” Trump said.Responding to Trump’s remarks, Prime Minister Narendra Modi echoed optimism about the future of bilateral ties, emphasizing the natural partnership between the two nations.“India and the US are close friends and natural partners. I am confident that our trade negotiations will pave the way for unlocking the limitless potential of the India–US partnership. Our teams are working to conclude these discussions at the earliest. I am also looking forward to speaking with President Trump. We will work together to secure a brighter, more prosperous future for both our people,” Modi said.The statements signal renewed momentum in bilateral efforts to address trade barriers and strengthen economic cooperation, as both leaders prepare for further dialogue in the coming weeks.read more :-PM Modi will lay the foundation stone of PM Mitra Park in Dhar on September 17

PM Modi will lay the foundation stone of PM Mitra Park in Dhar on September 17, cotton farmers and industry will benefit.The country's first PM Mitra (Prime Minister Mega Integrated Textile Region and Apparel) park is going to be built in Dhar district of Madhya Pradesh. PM Narendra Modi will lay the foundation stone of this mega textile park in Bhaisola village of Badnawar tehsil of the district on September 17. This park will be a cotton-based industrial hub, which will give a new direction to the state's economy and create employment opportunities for lakhs of people. State CM Dr. Mohan Yadav gave this information in a review meeting organized on Monday regarding the preparations for the program.About 3 lakh employment opportunities will be createdChief Minister Mohan Yadav said that PM Mitra Park will provide about 1 lakh direct and more than 2 lakh indirect employment opportunities. Overall, more than 3 lakh people will benefit from it. This opportunity will give new possibilities especially to the farmers and local youth of cotton producing areas.These cotton districts will benefitDistricts like Dhar, Jhabua, Ujjain, Khargone and Barwani are already ahead in cotton production. In such a situation, setting up a large cotton-based industrial park here will prove beneficial for both farmers and industry. With the availability of raw material and better infrastructure for industries, the entire value chain of cotton will develop at one place.Farm to Fashion - All work at one placeThe objective of PM Mitra Park is to give real shape to the concept of 'Farm to Fashion'. In this, the entire process from yarn production, weaving, dyeing and garment manufacturing will be done at one place. This will reduce costs, save time and also increase export capacity. The Indian textile sector will get stronger in competition at the international level.The government estimates that investors' interest in this park will increase. Big entrepreneurs of the textile and garment sector will invest here. This will not only increase employment at the local level, but will also provide opportunities to small entrepreneurs and startups. The youth will get a chance to work with skill development and new avenues of employment will open up for women as well.Approach road and other preparations in full swingCotton and textile sector play an important role in the state's economy. This contribution will be further strengthened with the opening of this park. With the increase in industrial production, the state's exports will increase and farmers will also get better prices. New sources of income will be developed in both rural and urban areas.This project is the first of the seven PM Mitra parks under the Centre's ambitious scheme, whose bhoomi pujan is going to take place. In the coming time, such parks will be established in other states as well. The state government has started extensive preparations for the park. Preparations for transport system and connecting roads are in full swing. At the same time, the layout of the venue has been prepared.read more :-Giriraj Singh's $100 billion export vision

Union Textiles Minister Giriraj Singh Chairs MSME Exporters Meet, Charts Path to $100B ExportsUnion Minister of Textiles Giriraj Singh on Tuesday chaired a consultation with MSME textile exporters, underlining India’s roadmap to scale exports to $100 billion by 2030 despite global headwinds, including the recent 50% US tariff on Indian imports.Singh highlighted India’s resilient performance: textile exports grew 5.37% in July 2025 to $3.1B, with April–July exports up 3.87% year-on-year. Key segments like readymade garments (+7.87%), carpets (+3.57%), and jute products (+15.78%) led the growth. Strong gains were also seen in partner markets such as Japan (+17.9%), UK (+7.39%), and UAE (+9.62%).The Minister stressed the need for strategic diversification into 40 new global markets, which collectively represent nearly $600 billion in textile imports, while deepening domestic demand in line with the PM’s “Vocal for Local” call.GST reforms announced in the 56th GST Council meeting were hailed as a “game-changer,” promising to lower costs, boost demand, and enhance competitiveness across the textile value chain. Singh reiterated the government’s “Farm to Fibre to Factory to Fashion to Foreign” (5F) formula as India’s growth mantra.Exporters welcomed reforms but sought fiscal support, simpler compliance, and stronger global branding of handlooms, handicrafts, and GI-tagged Swadeshi products. Singh urged exporters to build warehouses in key global markets and leverage e-commerce to directly reach international consumers.The government has already rolled out measures to boost competitiveness, including cotton import duty exemption till Dec 2025, extended export obligations, and an expanded PLI scheme window.Reaffirming Vision 2030, Singh said India aims for a $250B domestic textile market alongside $100B in exports, powered by market diversification, innovation, and Swadeshi-driven growth.“India will compete in America and in the $800B global textile market. With MSMEs at the core, we will emerge stronger,” Singh asserted.read more:-  Tariff crisis: Textile orders worth Rs 40 billion cancelled in Tirupur

Existence of textile exporters in danger due to tariff; Tirupur most affected, orders worth Rs 40 billion cancelledThe 50 per cent tariff imposed by the US has increased the difficulties of the Indian textile industry. Exporters are not able to bear the impact of the tariff. In such a situation, the textile industry needs immediate incentives. According to the report of MK Research, the earlier imposed tariff has led to a decline in the margins of the textile industry. The additional tariff will further reduce the margins of the industry, which is struggling to remain competitive in the global markets.According to the report, the textile industry is not getting new orders from the US due to high tariffs. Old orders are also being cancelled, due to which inventory is increasing. In such a situation, government help is necessary for the industry and especially micro, small and medium enterprises (MSMEs), because their books are not as strong as those of large exporters. The industry needs fiscal incentives to bear the tariff shock and remain relevant in the global supply chain. If necessary steps are not taken immediately, not only will the existence of small companies be in danger, but a large number of jobs will also be lost.Tirupur most affected, orders worth Rs 40 billion cancelledThe Tirupur cluster, which has a 55-60 percent share in the country's knitwear exports, is badly affected by the tariff. Clothes worth about Rs 700 billion are exported from here. Due to the tariff, orders worth about Rs 40 billion that Tirupur used to get from the US have been cancelled.India has about four percent share in the global textile market, which is much less than Bangladesh (13 percent) and Vietnam (9 percent).Pressure due to these reasons tooPayments are getting delayed by US retailers.Rising inventory has created additional pressure on domestic companies.MSMEs are extremely vulnerable to barriers in international trade.Due to implementation challenges in free trade agreements, its full benefit is not being received.Tirupur most affected, orders worth Rs 40 billion cancelledThe Tirupur cluster, which has a 55-60 percent share in the country's knitwear exports, is badly affected by the tariff. Clothes worth about Rs 700 billion are exported from here. Due to tariffs, Tirupur has lost orders worth about Rs 40 billion from the US.India has a share of about four per cent in the global textile market, which is much less than Bangladesh (13 per cent) and Vietnam (9 per cent).There is also pressure due to these reasons* Payments are getting delayed by US retailers.* Rising inventory has created additional pressure on domestic companies.* MSMEs are extremely vulnerable to barriers in international trade.* Full benefits are not being reaped due to implementation challenges in free trade agreements.read more:-  Rupee open Falls 02 Paise to 88.13/USD

 Rupee opens 2 paise lower at 88.13/USD as Trump backs trade talks while reportedly urging EU to tariff IndiaThe Indian rupee opened 2 paise weaker at 88.13 against the US dollar on September 10, following a news report that US President Trump has asked the European Union to hit China and India with tariffs of up to 100% over the countries’ Russia oil purchases.read more :- Interview of Sanchit Rajpal, ED of Manjit Cotton, on CNBC Awaaz

*Interview of Sanchit Rajpal, ED of Manjit Cotton, on CNBC Awaaz**Reduction in cotton sowing** Cotton sowing in 2024-25: 112.13 lakh hectares* Estimated in 2025-26: 109.17 lakh hectaresThat is, there has been a decline of about 3% in sowing.*India's situation and yield*Today, about 50 countries of the world grow cotton.* India is number 1 in area, but in terms of productivity (yield) we come at 35th place.* The average production in India is 600 kg / hectare, whereas in China, Brazil and America it has reached 2500–2800 kg / hectare.The main reason for this is that till now only 3-4 generations of BT seeds are being used in India, whereas the world has reached 6-7 generations today.Therefore, it is very important to bring new seeds and technology to increase production. This will not only increase productivity, but farmers will also be attracted towards cotton cultivation.*Impact on global market and export** Cotton prices have been under pressure for the last few years.* Global demand remained weak and the situation worsened due to tariff war.* India once used to export up to 20% of its production, but today the situation has changed and it has started depending on imports.*Impact of prices and MSP** MSP (minimum support price) in India is a support for farmers, but it affects the industry.* Due to high MSP, the industry has to buy expensive cotton, whereas cotton is available cheaper in the international market.* This is the reason why textile exports slowed down and countries like Bangladesh got a competitive edge.*Cotton vs Man-made fiber** Tensil, bamboo and other man-made fibers are now rapidly emerging as alternatives in the market.* Man-made fibers are more consistent than cotton.* Still, the global trend is towards sustainability and hence cotton is expected to remain important.*Forward Outlook** Given the current conditions—such as tariffs, mill conditions and global demand—cotton prices are likely to remain under pressure in the near future.read more :- INR drop 11 Paise, Closes at 88.11 per Dollar

The Indian rupee on tuesday lower 11 paise to close at 88.11 per dollar, while it opened at 88.00 in the morning.At close, the Sensex was up 314.02 points or 0.39 percent at 81,101.32, and the Nifty was up 95.45 points or 0.39 percent at 24,868.60. About 1893 shares advanced, 2028 shares declined, and 160 shares unchanged.read more :- Cotton prices fell: Farmers' problems increased

Cotton Market: Cotton prices will make farmers cry; consequences before the season starts?Cotton Market: The central government has decided to reduce the import duty on cotton from 11 percent to zero by December 31. This will benefit the textile industry, but farmers will be disappointed once again. Cotton prices are likely to remain at the guaranteed price this season. (Cotton Market)Results before the cotton season starts?The central government has taken this decision with one month left for the cotton season to start.This exemption has been given so that the textile industry can get cheap cotton. However, it is clear that this will not boost domestic cotton, but will lead to a fall in prices.Effects of zeroing import dutyTraders will import cheap cotton from abroad instead of buying from the domestic market.This will reduce the demand for our cotton.As a result, farmers will not get the expected prices and prices will fall in the cotton market.This year's guaranteed priceLong-strand cotton: 7,710 to 8,110 per quintal.To get this price, farmers have to sell cotton at CCI (Cotton Corporation of India) procurement center.It is also mandatory for farmers to keep a record of the cotton sown in their fields.Cotton prices in the last 5 yearsAnnual average price (₹/quintal)2021 12,0002022 8,0202023 7,0202024 7,5212025 8,110It is clear from the above data that after 2021, cotton prices have fallen continuously and this year too farmers will not get much relief.Picture of cotton sowing in the districtThis year cotton has been sown in about 3 lakh hectares.Compared to last year, there has been a decrease of about 1 lakh hectare in cotton cultivation.There is a continuous decline in the cotton acreage due to farmers not getting the expected price.The decision of the Central Government to make the import duty on cotton zero will reduce the domestic demand. As a result, prices will fall. Farmers will have to sell cotton at the CCI procurement center. - Rajendra Shelke Patil, Farmer, DhamoriThe textile industry will benefit from the abolition of import duty. They will be able to import good goods at a lower price. However, due to this, the ginning industry is likely to collapse. - Rasdeep Singh Chawla, Secretary, Maharashtra Ginning AssociationThere is already pressure on the prices of cotton, in such a situation, this decision of the Central Government will increase the problems of the farmers. The textile industry will get relief, but farmers may have to face disappointment once again.read more :-  Cotton prices fell: Farmers' problems increased

India trails Vietnam and Bangladesh in US textile import growth US textile and apparel imports from India grew more slowly than from Vietnam and Bangladesh during January–July 2025, according to a comparative analysis by the Confederation of Indian Textile Industry (CITI) based on the latest OTEXA trade data.Imports from Bangladesh increased by 21.1 per cent in the first seven months of this year, and from Vietnam by 17.7 per cent, while imports from India rose by 11.4 per cent. In contrast, US imports from China saw a sharp decline of 19.9 per cent during the same period.CITI noted that in July 2025, US imports from Vietnam and Bangladesh rose by 14.2 per cent and 5.2 per cent, respectively, over July 2024. While growth momentum moderated compared to June 2025, both countries continued to strengthen their market position in the US.According to trade data, US imports from Vietnam increased to $1.86 billion in July 2025 from $1.63 billion in July 2024. Overall imports from Vietnam grew to $10.41 billion in January–July 2025 compared with $8.84 billion in the corresponding period of last year.US imports from Bangladesh rose 5.2 per cent to $0.750 billion in July 2025 against $0.710 billion in July 2024. Cumulative imports expanded to $5.110 billion during January–July 2025, up from $4.220 billion in the same period last year.In July 2025, imports from India increased 9.1 per cent to $0.860 billion from $0.79 billion in July 2024. Total imports from India grew to $6.220 billion in January–July 2025 compared with $5.58 billion a year earlier.read more:- INR Opens Stronger by 26 Paise at 88.00