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Textile displays that showcase goods from all over the countryThe textile hub of Ludhiana, renowned for its innovation prowess and entrepreneurial spirit, is once again playing host to the highly curated triple shows, viz Yarnex, Texindia, and DyChem Tex Process. The events, which began today, will bring together suppliers and buyers at the Dana Mandi, Bahadur ke Road, and Jalandhar By-pass till January 19.The event was inaugurated by Mandeep Singh Garcha, country manager, The Echo Design Group, Ludhiana, today in the presence of the guest of honour, Vinay Saini, head sourcing and product development, ICONIC Fashion Retailing Pvt Ltd, Gurgaon.The shows will showcase products and services from leading manufacturers and suppliers from Ludhiana as well as from across the country. The shows will play a catalyst role in strengthening the textile value chain in Ludhiana. The three-day show will witness the participation of 121 leading companies from various parts of India.Visitors at the event represent a diverse category, including international buying houses and agents, garment manufacturers and exporters; composite mills, powerloom weavers, knitters, distributors, and wholesalers etc.Entry to the event is strictly for trade visitors only and will allow companies to interact and conduct business in a non-cluttered and extremely businesslike environment.Read More :-  Bangladesh BTMA requests an extension of the import payment usage time.

Bangladesh BTMA seeks extension of usance period for import paymentsThe Bangladesh Textile Mills Association (BTMA) recently urged the Bangladesh Bank governor to extend the usance period for payment on imports of industrial raw materials as export-oriented textile firms are facing problems due to expiry of a central bank circular.In foreign trade, usance is the allowable period of time permitted by the customs between the issuance of a bill and its payment.In a letter to the central bank governor, BTMA said the period for payment on imports of industrial raw materials was extended from 180 days to 360 days maintaining the arrangement until December 31, 2024, to facilitate import and export, domestic media outlets reported.Export-oriented textile mills have faced exchange rate losses while importing raw materials as taka devaluated against foreign currencies due to a number of reasons, BTMA secretary general Mohammad Zakir Hossain wrote.Mills also cannot utilise their full capacity due to shortage of gas and electricity, hikes in gas prices and workers' wages and the recent political turmoil and labour unrest, the letter added.

The rupee fell 6 paise versus the dollar to close at Rs 86.61 this eveningAt the close, the Sensex was down 423.49 points, or 0.55 percent, at 76,619.33, and the Nifty was down 108.60 points, or 0.47 percent, at 23,203.20. About 1975 stocks advanced, 1797 stocks declined and 116 stocks were unchanged.Read More :-  Heimtextil 2025: India Showcases Textile Industry Growth and Global Collaboration with Inauguration of India Pavilion

Early trading saw the rupee rise 3 paise to 86.58 against the US dollar.The rupee rose 3 paise to 86.58 against the US dollar in early trade on Friday on the back of softening American currency.At the interbank foreign exchange, the rupee opened at 86.60 and touched a high of 86.55 before trading at 86.58 against the greenback in initial deals, 3 paise higher from its previous close.On Thursday, the rupee depreciated 21 paise to close at 86.61 against the US dollar. The local unit had settled with a gain of 13 paise at 86.40 against the dollar on Wednesday, a day after rebounding 17 paise from its lowest-ever level of 86.70 against the greenback.Read More :- Indian rupee ended 19 paise lower at 86.55 per dollar on Thursday against Wednesday's close of 86.36.

The Indian rupee closed at 86.55 per dollar on Thursday, 19 paise less than its closing price of 86.36 on Wednesday.At close, the Sensex was up 318.74 points or 0.42 percent at 77,042.82, and the Nifty was up 98.60 points or 0.42 percent at 23,311.80. About 2669 shares advanced, 1132 shares declined, and 101 shares unchanged.Read More :- Heimtextil 2025: India Showcases Textile Industry Growth and Global Collaboration with Inauguration of India Pavilion

Heimtextil 2025: India Launches India Pavilion to Highlight Textile Industry Development and International CooperationAt Heimtextil 2025, India highlighted its expanding textile sector with the largest participation to date. The Minister emphasized sustainability, innovation, and global partnerships, urging international investment and strengthening India’s role in the global market.India displayed its growing prowess in the textile industry with the inauguration of the India Pavilion at Heimtextil 2025, held at Messe Frankfurt. The event marked the largest participation from India at this prestigious global home textiles fair, underscoring the country’s commitment to innovation, sustainability, and forging international partnerships.Giriraj Singh, Minister of Textiles addressed global home textile stakeholders, including exporters, importers, and manufacturers, stressing India’s increasing competitiveness in the global market and the importance of international collaboration for sustainable growth. The Minister also invited representatives from participating countries to attend Bharat Tex 2025 and explore the various investment opportunities within India's expanding textile sector.In a separate Investors’ Meet with textile and machinery manufacturers, the Minister highlighted India’s impressive growth trajectory and the significant rise in Foreign Direct Investment (FDI) over the past decade. He emphasized the success of the ‘Make in India’ initiative, positioning India as a competitive manufacturing hub. The Minister urged global investors to seize the opportunities available in India, cautioning that those who overlook the Indian market might risk missing out on its potential. His call to action was, ‘Come and invest in India - Make in India, Make for the World.’The Minister also held discussions with the Machinery and Equipment Manufacturers Association and IVGT, Germany, on the sidelines of Heimtextil. He encouraged these entities to strengthen their ties with India’s textile sector, noting that India is one of the largest buyers of textile machinery. He cited the example of a successful German sewing thread manufacturer in India, inviting other machinery manufacturers to consider investing and establishing production facilities in the country.The Indian government continues to actively support exporters by facilitating their participation in global events like Heimtextil, helping increase their international visibility and competitiveness. During his visit, the Minister also toured the exhibition stalls, engaging with exhibitors to learn about their latest innovations and offerings in home textiles. The craftsmanship on display reaffirmed India’s commitment to advancing the sector’s global aspirations.The event saw enthusiastic participation from industry leaders and exporters, further solidifying India’s position as a key player in the global textile industry. The Indian delegation, led by the Minister, was accompanied by Rohit Kansal, Additional Secretary of the Ministry of Textiles, the Consul General of India in Germany, and other ministry officials.Read More :- Indian rupee opens marginally down at 86.42 against dollar

The Indian rupee opens slightly lower versus the dollar at 86.42.The Indian rupee opened marginally down on January 16 at 86.42 against the US dollar after ending the previous session at 86.36.Read More :-    This evening, the rupee strengthened by 28 paise against the dollar to close at Rs 86.36.

The rupee appreciated 28 paise vs the dollar this evening, closing at Rs 86.36.At close, the Sensex was up 224.45 points or 0.29 percent at 76,724.08, and the Nifty was up 37.15 points or 0.16 percent at 23,213.20. About 2057 shares advanced, 1733 shares declined, and 104 shares unchanged.Read more :- Rupee falls 2 paise to 86.55 against US dollar in early trade today

In early trading today, the rupee drops 2 paise to 86.55 against the US dollar.The rupee pared its initial marginal gain and slipped 2 paise to 86.55 against the US dollar in early trade on Wednesday as the positive sentiment in the domestic equity markets was negated by elevated crude oil prices and massive withdrawal of foreign funds.At the interbank foreign exchange, the rupee opened at 86.50 and touched 86.45 against the greenback in initial deals. However, the local unit soon pared the gains and traded at 86.55 against the dollar, 2 paise lower from its previous close.Read More :-  The rupee declined by 6 paise to close at 86.64 against the US dollar this evening.

This evening, the rupee fell 6 paise to settle at 86.64 vs the US dollar.At the close, the Sensex rose 169.62 points or 0.22 per cent to close at 76,499.63 and the Nifty rose 90.10 points or 0.39 per cent to close at 23,176.05. Around 2752 stocks advanced, 1049 declined and 103 stocks remained unchanged.Read More :- Rupee opens marginally up at 86.52 on lower dollar index, easing retail inflation

With a lower dollar index, the rupee opens slightly higher at 86.52, reducing retail inflation.The rupee opened marginally up on January 14 after the dollar index dipped a bit and the December retail inflation print showed signs of easing.The Indian currency opened at 86.52 against the US dollar, inching up from 86.58 at close in the previous trading session.Read More :- On Monday, the Indian rupee fell 61 paise to close at 86.58 per dollar, as against 85.97 on Friday.