Rupee opens 30 paise lower at 90.94/USD Indian rupee opened lower at 90.94 per dollar on Friday versus previous close of 90.67.read more:- Gujarat made a big increase in the textile budget.
India's Gujarat state raises textile outlay by 38% in Budget for FY27India’s western state of Gujarat has announced a sharp increase in financial outlay for the textile sector, with allocation under the Development of Textile Industry scheme rising to ₹2,755 crore (~$302.71 million). The higher outlay signals a strong push to sustain Gujarat’s leadership in textile manufacturing while strengthening export competitiveness and MSME participation.State Finance Minister Kanubhai Desai presented the State Budget for fiscal 2026–27 in the Legislative Assembly on Wednesday in Gandhinagar. The allocation under the Development of Textile Industry scheme has increased from ₹2,000 crore in 2025–26 and ₹2,036.47 crore in 2024–25, reflecting a significant year-on-year expansion in subsidy-driven industrial support.The scheme is expected to facilitate capacity expansion, technology upgradation and investment promotion across the textile value chain. Alongside industrial support, the Budget continues provisions for cottage, handloom and small-scale textile ecosystems through grants, subsidies and institutional assistance, covering cooperative manufacturing, training and research support, and export facilitation for smaller producers.Artisan-focused measures also feature prominently. Financial assistance to the Gujarat State Handicraft Development Corporation has been increased to ₹48.05 crore ($5.27 million) for 2026–27 from ₹41.86 crore in the previous year, aimed at strengthening market access and institutional support. A further ₹23 crore ($2.53 million) has been earmarked for design competitions, exhibitions and promotional initiatives to enhance product innovation and visibility in the handicraft segment.To support export-oriented industries, including textiles and apparel, the Budget proposes establishing the Gujarat State Export Promotion Council with an allocation of ₹5.90 crore (~$6.48 million) to facilitate export development and market expansion. In addition, provisions enabling handloom and handicraft stakeholders to leverage e-commerce platforms indicate an emerging focus on digital market access and diversification.Overall, the Budget underscores a dual strategy of scaling industrial textile investment through a higher core outlay while sustaining traditional and MSME segments through targeted support, export facilitation and digital market initiatives.Ashish Gujarati former President of the Southern Gujarat Chamber of Commerce and Industry (SGCCI) commented on the budget, “The increase in textile allocation from ₹2,000 crore to ₹2,755 crore reflects the State’s continued commitment to implementing the Gujarat Textile Policy and supporting sector growth.” He added that the proposed formation of the Gujarat Export Promotion Council is a positive step that is expected to facilitate higher exports of MSME products by strengthening market access and institutional support.read more:- Central and state budgets to boost MSMEs
*"The Union and State Budgets will strengthen Bhilwara's textile industry," said Riju Jhunjhunwala, who stated that manufacturing exports and MSMEs will receive a boost.*Riju Jhunjhunwala of the RSWM Bhilwara Group expressed his gratitude to the Prime Minister for the Union Budget 2026–27. He described the budget as growth-oriented, encouraging manufacturing, empowering small and medium-sized enterprises, and boosting exports.Jhunjhunwala stated that Bhilwara, recognized as a major textile hub in the country, will directly benefit from this budget. Technology upgrades, the use of modern machinery, infrastructure expansion, transportation improvements, and a special emphasis on skill development will further strengthen textile units here. This will increase production capacity, improve global competitiveness, and create new employment opportunities.He stated that the budget provisions will encourage new investment in Bhilwara. Value addition, the use of green energy, and increased export opportunities will provide new direction and momentum to the local industry.Rajasthan Budget Also PraisedRiju Jhunjhunwala also praised the Rajasthan Budget presented by Deputy Chief Minister and Finance Minister Diya Kumari. He stated that the state budget focuses on infrastructure, industrial development, and strengthening connectivity, which will strengthen the industrial ecosystem in Bhilwara and the entire state.Expressing gratitude to Chief Minister Bhajan Lal Sharma and the state leadership, he said that the current government's efforts have created a positive industrial environment in the state.He expressed confidence that the coordinated efforts of the central and state governments will make Bhilwara's textile sector even stronger and more competitive not only nationally but also globally. read more:- There is no legal guarantee on MSP, the committee will find a middle path.
*The committee is preparing to find a middle ground, not a legal guarantee of MSP; members exert pressure*Several members of the MSP Committee, formed by the central government, have advocated for a system in which farmers receive the Minimum Support Price (MSP) both inside and outside the market. Currently, government and cooperative procurement agencies purchase crops at MSP in the market if the quality of the crop meets the prescribed standards, but this system is not applicable outside the market, i.e., for the private sector. Instead of a system such as a legal guarantee of MSP, the committee members are trying to find a middle ground so that their image among farmers is not tarnished. This was revealed at the committee meeting held in New Delhi on Wednesday.*All meetings have been inconclusive so far*Since the committee's formation on July 22, 2022, seven meetings have been held. Additionally, 35 sub-committees of the committee have met, but its members have not yet reached any conclusions. This is the first meeting of the committee since the formation of the new central government in 2024. The next meeting will be held in March.The committee's members, appointed by farmers' organizations, want to prepare a report and submit it to the government as soon as possible, as the committee has been formed for a long time. Meanwhile, the Kisan Jagriti Yatra of the Samyukta Kisan Morcha (non-political) is underway, demanding a legal guarantee for MSP.*Increased Pressure on MSP*However, the committee's meeting, held after a long time, was chaotic because most of the bureaucrats involved did not want the MSP system to be implemented outside the market. In fact, the officials do not have to go among the farmers to answer, but the farmer leaders have to go among the farmers and the public.Therefore, they do not want to do anything that would lead to criticism from farmers or the general public. Therefore, they are very cautious on the issue of MSP, as it is a very sensitive issue for farmers. Natural farming and crop diversification were also discussed throughout the day-long meeting, but the issue of MSP dominated.The five committee members who had recently pressured the chairman to declare a reserve price for crops remained firm on this issue. They stated that the MSP, which the government itself determines, should be available to farmers both inside and outside the market. It remains to be seen whether the committee chairman will agree with the members or take a different stance.*When and why was the committee formed?*The announcement of the MSP committee regarding MSP was made on November 19, 2021, alongside Prime Minister Narendra Modi's repeal of three controversial agricultural laws. However, the protesters sitting on the Delhi border wanted something in writing. Subsequently, on December 9, 2021, the then Agriculture Secretary, Sanjay Agarwal, issued a letter to farmer organizations, after which the protesting farmers returned to their homes from the Delhi border.Nearly eight months after this announcement, the notification for the formation of the committee came on July 12, 2022. However, the government appointed the same Sanjay Agarwal as the chairman of this committee, during whose tenure as Union Agriculture Secretary, three agricultural laws were introduced and a 13-month-long farmers' movement was carried out.read more :- Maharashtra CM writes to Centre on cotton crisis
*Cotton Procurement: Maharashtra CM takes a major step for cotton farmers, makes this demand from the Central Government.*Chief Minister Devendra Fadnavis has sought significant intervention from the Central Government to protect cotton farmers in Maharashtra from potential losses. The Chief Minister has written to Union Textiles Minister Giriraj Singh, requesting an extension of the government procurement period being conducted by the Cotton Corporation of India (CCI) for the 2025-26 cotton season. The Chief Minister stated in the letter that the CCI has set February 27, 2026, as the deadline for cotton procurement at the minimum support price, while a large quantity of cotton belonging to farmers in the state remains unsold.*Closure of procurement will cause cotton prices to fall in the markets.*The Chief Minister stated that if government procurement stops on schedule, cotton prices in the open market could fall sharply, causing huge financial losses to farmers. Given the current circumstances, it is extremely important to extend the cotton procurement period until April 30, 2026. This will give farmers additional time to sell their produce at a fair price and reduce pressure on market prices.*Government procurement should continue until April: CM*The Chief Minister has requested the Union Textiles Ministry to issue instructions to the Central Textiles Commission (CCI) to continue the procurement process for the 2025-26 cotton season until the end of April. This step is necessary to protect the interests of cotton-producing farmers in Maharashtra.*This is the MSP for Cotton*It is known that for the Kharif Marketing Season 2025-26, the Central Government has fixed the MSP for Medium Staple Cotton at Rs. 7,710 per quintal and for Long Staple Cotton at Rs. 8,110 per quintal.*Duty-free imports caused losses to farmers*While the government increased the MSP for the current season, a decision taken in September caused significant losses to cotton farmers. In fact, the government allowed duty-free imports of cotton from the end of September until December 31, 2025, which significantly increased prices in the domestic market.The removal of 11 duties resulted in a significant influx of foreign cotton into India, impacting domestic farmers. While government procurement offers some relief to farmers, if this period is not extended, they will once again be forced to sell cotton at lower prices.read more :- Despite India-US agreement, exports remain sluggish
India-US trade agreement: decline in exports even after agreementDespite the agreement on trade agreement between India and America, India's exports to America registered a decline of 21.77% in January, which came down to $6.6 billion. The slight increase in total exports was possible due to market diversification.India's total exports in January increased by 0.61% to $36.56 billion, while imports increased by 19.2% to $71.24 billion. Due to sharp increase in imports, trade deficit increased to 34.68 billion dollars.The US had imposed 50% tariff on Indian products from August 2025, which also included an additional 25% duty. Later under the agreement the additional duty was removed and the reciprocal tariff was reduced to 18%, providing relief to Indian exporters.India's exports to the US grew by 5.85% to $72.46 billion in the April-January period, while imports increased by 13.87% to $43.92 billion. However, a decline was also seen in some months.Amidst the weakness in the US market, India turned towards China and other countries. There was a sharp increase in exports to China, but imports also remained high, due to which the trade deficit remained. Experts believe that market diversification can improve the situation in future.read more :- Cotton market sluggish in Jalgaon, production less than target
Slowdown in Jalgaon cotton market, only half of target production achievedJalgaon: This year, due to heavy rains in Kharipat, less cotton production, less price received from traders etc., cotton was sold in less quantity in the market. Stopping of sale of cotton in the market for the last eight days indirectly shows that the cotton season is over. The price of cotton with private traders is Rs 7,200 per quintal. CCI has also stopped purchasing cotton from the centres. Due to lack of cotton in the market, the production of bales by ginners has also stopped.Till now CCI has purchased three lakh bales of cotton. Traders purchased enough cotton to produce three to three and a half million bales. Till now a total of 6 lakh 50 thousand bales have been produced. Lumps will form within a few days. That would be one lakh. This season, ginning drivers have set a target of 15 lakh bales. Only six and a half lakh bales could be produced.It is estimated that one lakh bales of cotton will be produced from the cotton available with the ginners. If we look at the overall situation, out of 15 lakh, only seven and a half lakh bales will be produced. Farmers are not bringing cotton due to the fall of 500 to 600 rupees in cotton prices by traders since last month, the arrival of cotton at CCI centers has also reduced. Due to poor quality of incoming cotton, procurement has stopped and ginners are in trouble.4 million bales of cotton were imported into India as the central government adopted a cotton import policy to avoid a potential cotton crisis on the country's textile mills and industries. Import was only 10 lakh bales per year. However, on the other hand, ginning operators will also produce bales in the country. Ginning drivers expected Khandesh to produce 2 million bales. However, the cotton import policy this year has had no impact on Indian cotton. Farmers did not sell as much cotton as they wanted, in hopes that the price would rise.According to the price guaranteed by the Central Government by CCI, Rs 8 thousand 100. Cotton was purchased. However, cotton which had higher moisture content was bought at a lower price, with traders offering rates of Rs 7,600 to Rs 7,700 depending on the quality of the cotton. This is also now 7,200 to 7,400 and farmers are selling less cotton.There is no fair price for exportBefore the cotton import policy, cotton fetched a price of Rs 55,000 to Rs 56,000 per khandi (two bales). Its rates came down to Rs 52 to 53 thousand per khandi. Therefore, since there will be no export of cotton, the price of Indian cotton will remain low.Ginners suffered losses this year due to low arrival of cotton. The price of cotton with traders was Rs 7200 to 7500. However, they also lacked quality. Due to lack of price, purchases from traders stopped. In such a situation, the ginning industry is in trouble due to stoppage of bale production. Till now six and a half lakh bales have been made, one lakh more bales will be ready.- Pradeep Jain, President, Khandesh Ginning Pressing Mill Owners Association.read more :- Rupee fell 02 paise to close at 90.67 per dollar
The Indian rupee on Wednesday lower 02 paise to close at 90.67 per dollar, while it opened at 90.65 in the morning.At close, the Sensex was up 283.29 points or 0.34 percent at 83,734.25, and the Nifty was up 93.95 points or 0.37 percent at 25,819.35. About 2135 shares advanced, 1902 shares declined, and 172 shares unchanged.read more :- 2026 Cotton Outlook: Dwindling stocks support prices
2026 Cotton Outlook: Economic pressure remains but declining stocks may support pricesMEMPHIS, Tennessee – Economists at the National Cotton Council point to some key reasons why the U.S. Will decide the cotton industry's economic outlook for 2026.Overall, by 2025 U.S. The cotton industry had another difficult year due to low prices, high production costs and weak demand. As the 2026 season approaches, farmers are facing difficult decisions about planting as current prices remain below the cost of production. Although worldwide cotton demand is expected to recover in 2026, potential changes in trade policy have created considerable uncertainty in the global cotton market.The outlook for the worldwide cotton market will, to some extent, be determined by continued growth in economic activity. Steady to slow economic growth is expected for the next two years.In her analysis of the results of the NCC's annual Planting Intentions Survey, Dr. Jody Campich, NCC's vice president of economics and policy analysis, said the NCC estimates that the U.S. will grow more than 100,000 acres of land in 2026. Cotton area will be 9.0 million acres in 2025, which is 3.2 percent less than 2025. Survey results Reflecting the economic condition of cotton growers, who are now facing their fourth year of poor market returns.Compared to average futures prices during the first quarter of 2025, all commodity prices were lower during the 2026 survey period, but cotton declined the most. Because of this, the price ratio of cotton compared to corn and soybean was lower than in 2025.Harvested area in the Cotton Belt is projected to reach 7.1 million acres by 2026, including the U.S. The crop abandonment rate is 21.3 percent. Using state level average yields, the cotton crop was 12.7 million bales, including 12.3 million upland bales and 393,000 ELS bales.U.S. Mills are expected to use 1.55 million bales in 2026, compared to 1.60 million bales in 2025. U.S. There is pressure on textile manufacturing.For the 2026 marketing year, worldwide consumption is projected to increase 1.0 percent to 120.0 million bales. U.S. production by 2025 due to projected increases in world consumption and lower world production. Export estimates are high. With higher export projections, the U.S. The end stock is estimated to decline to 3.5 million bales in 2026.World production is projected to decline to 114.1 million bales in 2026 due to reduced harvested acreage and lower yields, Campich said. With consumption increasing in the main importing countries, world trade is projected to grow to 44.6 million bales in 2026. For the 2026 marketing year, ending stocks will decline to 69.8 million bales due to lower production coupled with higher world consumption and trade. If that happens, it would be the lowest level of world end stocks outside China since 2016.If world consumption can overcome headwinds from a sluggish global economy and cheap man-made fibre, prices could provide some support from dwindling stocks on balance sheets to 2026.U.S. And current economic projections for the global economy should be viewed with caution given rising geopolitical tensions and the potential impact of changes in trade policy. U.S. The cotton industry is an export-oriented industry, both for raw fiber as well as cotton yarn and fabric, and tariff policies can significantly alter the trade environment.read more :- Tamil Nadu Textile Policy 2025-26 launched, budget of ₹1,943 crore
Tamil Nadu Unveils Integrated Textile Policy 2025-26; 1,943 crore was allocated for the handloom and textile industry in the interim budgetCoimbatore (Tamil Nadu) [India]: The Tamil Nadu government is implementing a series of strategic policy initiatives and targeted benefits to enhance the global competitiveness of the state's textile industry, which accounts for one-third of India's total textile business.Recognized as a key driver of economic growth, the textile sector is poised to play a key role in realizing Tamil Nadu's vision of achieving a US$ 1 trillion economy by 2031.According to the release, Tamil Nadu Deputy Chief Minister Udhayanidhi Stalin unveiled the Tamil Nadu Integrated Textile Policy 2025-26 at the inaugural function of International Textile Summit 360, the first two-day event organized by the government in Coimbatore on January 29.In the interim budget announced by Finance Minister Thangam Thenarasu today, Rs 1,943 crore has been specifically allocated for the handloom and textile industry, besides an equal amount for MSMEs and Rs 4,282 crore for industries, which will also benefit the textile industry.Durai Palanisamy, president of The Southern India Mills Association, has said that adequate funds have been allocated to set up handloom parks, modernize powerlooms, set up shuttleless looms and attract new investment in technical textile processing and apparel.He also welcomed the proposal to issue a 'New Integrated Renewable Energy Policy' with a budget allocation of Rs 18,091 crore to increase renewable energy capacity in the state. (ANI)read more :- CMD Atul Ganatra: Hedging is necessary in business
Shri Atul Ganatra, CMD of Radha Lakshmi Group, said – Every businessman should do hedging.Chairman and Managing Director (CMD) of Radha Lakshmi Group, in a special conversation with Zee Business, said that every businessman must use hedging.He said that NCDEX's "Cotton" and "Omace" contracts are very useful for farmers and ginners. Earlier, there was a cotton platform on MCX in India, where traders could do hedging. But now there is no liquidity in MCX contracts, due to which the business there has come to a standstill. In such a situation, the cotton contract of NCDEX is proving to be very important and profitable for the cotton traders.CMD said that this year most of the ginners have stored a large stock of cotton seeds. The crop is expected to be larger this time than in previous years — while 312 lakh bales were produced last year, this year's production is estimated at 317 lakh bales. Due to increase in crop, the price of seeds has declined. In such a situation, it is the right time for farmers to hedge their stocks to keep them safe. Both cotton and cake contracts of NCDEX can prove to be very useful for this purpose.He further said that according to the recent statement given by Union Minister Piyush Goyal, India has also received the same offer for the trade deal which Bangladesh has received. If this agreement materializes, cotton imported from America may become duty-free. Currently, India has imported about 35–40 lakh bales of cotton by January 2026, and if this deal is implemented, an additional import of 10–15 lakh bales is possible. This may increase pressure on the domestic cotton market, but it will not have a major impact on farmers as CCI (Cotton Corporation of India) has already purchased about 95–97 lakh bales of cotton at MSP ₹8100 per quintal.Therefore, it can be said that this trade deal will prove to be very positive for the entire textile industry.He further said that ginners have made adequate stock of both cotton seeds and cotton bales this time. During the January surge, all ginning factories had increased stocks — currently ginners have stocks of about 35-40 lakh bales and CCI has stocks of 95 lakh bales. Cotton prices have fallen by about 10% in the last 15 days. In such a situation, NCDEX platform is very useful for ginners, because there is sufficient liquidity available in cotton cake.CMD suggested “If a ginner has 200 trucks of cotton seed stock, he can hedge by selling 50–100 lots. This will keep his stock safe. This is an excellent platform for hedging and every ginner should use it to stay safe from risk.”read more :- The rupee opened 02 paise higher at 90.65.
The rupee opened 02 paise higher against the dollar at 90.65.Indian rupee opened marginally higher at 90.65 per dollar on Wednesday versus Tuesday's close of 90.67.read more :- US-India deal will impact Bangladesh garment industry
India’s Zero-Tariff Deal with US Jolts Bangladesh Garment IndustryIndia’s latest trade move has sent shockwaves through Bangladesh’s garment sector, raising concerns about losing its long-held competitive edge in the US market.Union Commerce Minister Piyush Goyal announced that India could soon secure a zero per cent tariff deal on textile exports to the United States, similar to the benefits currently enjoyed by Bangladesh. Under the proposed trade pact, Indian-made garments using American cotton will get duty-free access to the US market.The development has rattled Bangladesh’s exporters, who fear the move could erode their price advantage.“Bangladesh may lose its competitiveness to some extent in the US markets if similar trade benefits are extended to Indian exporters,” said Anwar-ul-Alam Chowdhury, former president of the Bangladesh Garment Manufacturers and Exporters Association, in an interview with The Daily Star.He noted that India’s lower production costs, smoother customs procedures, and strong government support give it a favourable position. “India is in an advantageous position in terms of cost of production, equal US customs treatment, and export facilities offered by the Indian government,” Chowdhury added.Despite the concerns, Bangladeshi industry leaders hope that India’s status as a cotton exporter—unlike Bangladesh, which relies heavily on imports—might balance the scales.India, the world’s second-largest exporter of raw cotton, shipped over US$6.4 billion worth of cotton in FY 2024–25, primarily to Bangladesh, China, and Vietnam. It also imported around 4.13 million bales of US cotton during the same period.However, Showkat Aziz Russell, president of the Bangladesh Textile Mills Association, said the tariff concessions by the Donald Trump administration might only apply to cotton importers.“India imposes a 12 per cent duty on cotton imports, while Bangladesh has zero duty. So, Bangladesh can still enjoy some advantages as a major importer of cotton,” he told The Daily Star.Still, experts warn that Bangladesh’s dependence on imported raw materials keeps its production costs higher than India’s. Meanwhile, India continues to strengthen its foothold in the global textile supply chain. Industry data shows that 77 per cent of US fashion brands and retailers sourced materials from India in 2025 — a trend expected to continue through 2027.read more :-
On Tuesday, the Indian rupee closed at 90.67 against the dollar, the same level at which it had opened in the morning.At close, the Sensex was up 173.81 points or 0.21 percent at 83,450.96, and the Nifty was up 42.65 points or 0.17 percent at 25,725.40. About 2297 shares advanced, 1730 shares declined, and 142 shares unchanged.read more :- CCI purchased 1.15 lakh quintals of cotton in Manawar Mandi, last date is 27th February
Last date of cotton purchase is 27 February: CCI purchased 1.15 lakh quintals of cotton in Manawar Mandi, 23 thousand bales were made.The Cotton Corporation of India (CCI)'s cotton procurement in the market located at Manawar Semalda Marg has now reached its last phase. The market administration has made it clear that the purchase of cotton from registered farmers will be completely stopped on February 27.There was huge arrival of cotton in Manawar Mandi in the last three months of this season. CCI has purchased a record 1 lakh 15 thousand quintals of cotton, from which about 23 thousand cotton bales have been prepared. Farmers say that due to the CCI policies of the Central Government and procurement at support price, they have got the right price for their crops and have become financially strong.Market revenue increasedMarket Secretary Bhagat Singh Dawar said that due to continuous purchase of CCI, a good increase in the revenue (earnings) of the market has also been recorded. However, according to the letter received from CCI, purchases will not be made after February 27. For this, the dates of 16th and 20th February are considered important for the arrival of cotton.Farmers' inclination towards private marketsAccording to Manawar Ginning Manager Pawan Kushwaha, cotton is expected to arrive in the market only by the end of February. He also told one special thing that these days the prices of cotton have increased in private ginning factories. Because of this, farmers are now showing more interest in selling their goods to private traders instead of CCI.read more :- Textile exports decreased by 3.75% in January, relief from US deal
India's textile and apparel exports down by 3.75% in January, outlook improves now with India US interim dealNew Delhi: India's textile and apparel exports registered a decline in January compared with the same period last year, largely due to high tariffs imposed by the United States that remained in force till February 7.The tariffs impacted export competitiveness and led to lower shipments during the month.According to the data shared by Confederation of Indian Textile Industry (CITI), textile exports in January have declined by -3.68 per cent, while apparel exports are down by -3.84 per cent in January 2026 compared with January 2025.Overall, combined exports of textiles and apparel stood at 3,275.44 million US dollars in January 2026, down from 3,403.19 million US dollars in January 2025, registering a degrowth of -3.75 per cent.The decline was mainly seen across key textile segments. Exports of cotton yarn, fabrics, made-ups, and handloom products fell by -4.15 per cent to 995.58 million US dollars in January 2026 from 1,038.69 million US dollars in January 2025.Carpet exports also declined sharply by -12.05 per cent to 118.99 million US dollars, while exports of jute manufactured products, including floor coverings, dropped significantly by -18.92 per cent during the same period. Handicrafts, excluding handmade carpets, also saw a decline of -2.70 per cent.However, exports of man-made yarn, fabrics, and made-ups showed some resilience and recorded a slight growth of 1.01 per cent, rising to 430.29 million US dollars in January 2026 compared with 425.97 million US dollars in January 2025.The data further revealed that during the period from April 2025 to January 2026, textile exports registered a degrowth of -2.35 per cent, while apparel exports recorded a growth of 1.59 per cent compared with the same period of the previous financial year.Despite this growth in apparel exports, cumulative textile and apparel exports during April 2025 to January 2026 registered a marginal decline of -0.65 per cent compared with April 2024 to January 2025.The share of textile and apparel exports in India's total exports also declined. The sector accounted for 8.96 per cent of total exports in January 2026, compared with 9.37 per cent in January 2025.For the April 2025 to January 2026 period, the share stood at 8.13 per cent, lower than 8.36 per cent in the same period of the previous year.On the import side, imports of cotton raw and waste increased significantly by 12.33 per cent in January 2026 and rose sharply by 72.36 per cent during the April 2025 to January 2026 period. This increase suggests higher domestic demand for raw materials or supply adjustments within the textile industry.Now the outlook is expected to improve going forward following the United States' reduction of tariffs on February 7. The tariff reduction is likely to improve India's export competitiveness and support recovery in textile and apparel shipments in the coming months.read more :- The rupee opened 02 paise lower at 90.67/USD.
The rupee opened 02 paise lower at 90.67 per dollar.Indian rupee opened flat at 90.67 per dollar on Tuesday versus previous close of 90.65.read more :- America's deal: expansion of economic interests
US trade agreement: the strategy behind the termsThe new reciprocal trade agreement signed between Dhaka and Washington on February 9 was initially considered a major diplomatic success. But now there is growing confusion and concern over the “cotton segment” in Bangladesh’s $47 billion apparel industry. This provision states that reciprocal tariff exemption will be available only if the apparel is made from American cotton or man-made fibers.Under the agreement, a 19 percent reciprocal tariff has been imposed on Bangladeshi apparel in addition to the already applicable MFN duty of about 16.5 percent. In case of no relief, the total fee reaches 35.5 percent. The government says that the 19 percent tariff on clothes made from American raw materials will be removed, but the industry argues that the basic duty will still be applicable.BGMEA President Mahmood Hasan Khan clarified that the pre-agreement fees will not be waived. He says that even after getting concession, exporters will have to pay 16.5 percent duty, due to which the cost will remain high. Also, the agreement sets a “specified quantity” limit, which will depend on the amount of raw materials imported from the US.Analysts and think-tank experts believe that the language of the agreement is vague and many technical aspects are not clear. If competing countries like India also get similar benefits, Bangladesh's competitive edge may weaken. In such a situation, it is necessary for the government to clarify the terms of the agreement, otherwise this much talked about deal may fail to provide the expected security.read more :- The rupee closed 05 paise lower against the dollar at 90.65.
On Monday, the Indian rupee closed at 90.65 against the dollar, compared to its opening rate of 90.60.At close, the Sensex was up 650.39 points or 0.79 percent at 83,277.15, and the Nifty was up 211.65 points or 0.83 percent at 25,682.75. About 1676 shares advanced, 2443 shares declined, and 181 shares unchanged.read more :- Textile industry will be strengthened with the cooperation of OUTR
OUTR signs pact to boost state’s handloom & textiles sectorBhubaneswar: Odisha University of Technology and Research (OUTR) has signed a memorandum of understanding (MoU) with the state directorate of textiles to collaborate on research, technology transfer, capacity building and innovation in the handloom and textiles sector.The three-year agreement was signed at the inauguration of the ‘Grand Toshali Swadeshi Mela’ on Saturday evening, in the presence of deputy chief minister KV Singh Deo.OUTR vice-chancellor Bibhuti Bhusan Biswal said, “The MoU focuses on technology upgradation, improving product quality and training programmes for weavers and other stakeholders. It includes setting up quality testing and standardisation facilities, supporting market linkages, developing sustainable and eco-friendly processes and materials, and documenting traditional textile knowledge and practices.”“The collaboration will cover joint research projects in loom technology, dyeing and quality control. Student internships, field projects and final-year projects will be facilitated with weaver clusters and production centres,” he added.Other areas include the development of tools, devices and processes to improve productivity, reduce drudgery and enhance product quality, design interventions combining traditional motifs with contemporary aesthetics, and capacity-building initiatives through workshops, seminars and skill development programmes, official sources said.The agreement provides for documentation of traditional knowledge, preparation of technical literature and case studies, consultancy and advisory services, and resource sharing of infrastructure, laboratories and expertise.read more :- Shivraj Singh Chouhan launches new cotton harvesting machine in MP
| title | Created At | Action |
|---|---|---|
| Rupee opens 30 paise down at 90.94 | 20-02-2026 17:48:41 | view |
| Gujarat made a big increase in the textile budget. | 19-02-2026 22:35:17 | view |
| Central and state budgets to boost MSMEs | 19-02-2026 22:17:03 | view |
| There is no legal guarantee on MSP, the committee will find a middle path. | 19-02-2026 19:11:25 | view |
| Maharashtra CM writes to Centre on cotton crisis | 19-02-2026 18:57:31 | view |
| Despite India-US agreement, exports remain sluggish | 19-02-2026 00:27:36 | view |
| Cotton market sluggish in Jalgaon, production less than target | 19-02-2026 00:12:14 | view |
| Rupee fell 02 paise to close at 90.67 per dollar | 18-02-2026 22:42:08 | view |
| 2026 Cotton Outlook: Dwindling stocks support prices | 18-02-2026 18:59:04 | view |
| Tamil Nadu Textile Policy 2025-26 launched, budget of ₹1,943 crore | 18-02-2026 18:43:44 | view |
| CMD Atul Ganatra: Hedging is necessary in business | 18-02-2026 18:26:08 | view |
| The rupee opened 02 paise higher at 90.65. | 18-02-2026 17:28:04 | view |
| US-India deal will impact Bangladesh garment industry | 18-02-2026 01:27:19 | view |
| The rupee closed stable at 90.67. | 17-02-2026 22:44:59 | view |
| CCI purchased 1.15 lakh quintals of cotton in Manawar Mandi, last date is 27th February | 17-02-2026 20:01:19 | view |
| Textile exports decreased by 3.75% in January, relief from US deal | 17-02-2026 18:54:39 | view |
| The rupee opened 02 paise lower at 90.67/USD. | 17-02-2026 17:26:06 | view |
| America's deal: expansion of economic interests | 17-02-2026 01:26:10 | view |
| The rupee closed 05 paise lower against the dollar at 90.65. | 16-02-2026 22:41:46 | view |
| Textile industry will be strengthened with the cooperation of OUTR | 16-02-2026 19:04:15 | view |
