Recent News

Odisha clears US $33 Million in Investments for Garments, Technical TextilesThe Odisha government has approved 23 industrial investment proposals worth Rs. 4,510.65 crore (US $486 million), a move expected to generate more than 10,122 jobs across 11 districts in the state.The proposals were cleared at a meeting of the State-level Single Window Clearance Authority (SLSWCA), chaired by Chief Secretary Anu Garg, underscoring the state’s continued push to attract large-scale industrial investments and boost employment.Labour-intensive sectors, particularly garments and technical textiles, featured prominently among the approved projects. Sonaselection India Ltd is set to establish a garment manufacturing unit in Khurda with an investment of Rs. 130 crore (US $14.03 million), which is expected to create 1,858 jobs. Meanwhile, Alphatex Pvt Ltd will develop a technical textile manufacturing facility in the same district, investing Rs. 180 crore (US $19.43 million) and generating approximately 1,050 employment opportunities.The approvals reflect Odisha’s strategic focus on labour-intensive industries and infrastructure development, aimed at driving inclusive economic growth and enhancing job creation across multiple regions.read more :- UP will become textile hub, mega park in Lucknow

UP will become the new textile hub of the country, mega textile park being built in LucknowUttar Pradesh is accelerating its industrial growth under the leadership of Chief Minister Yogi Adityanath, with a major push in the textile sector. A large-scale Mega Textile Park is being developed in Lucknow, which is expected to position the state as a leading textile hub in India.The project is being implemented under the Central Government’s PM MITRA (Prime Minister Mega Integrated Textile Regions and Apparel) scheme. Around 1,000 acres of land has been acquired for the park, and nearly ₹990 crore is being invested in developing world-class infrastructure.A key highlight of the project is the creation of a complete textile value chain within a single integrated hub—from “farm to fiber, fiber to fabric, and fabric to fashion.” This integrated ecosystem is expected to reduce production costs, improve efficiency, and strengthen the competitiveness of industries in global markets.The PM MITRA initiative has already attracted investment interest worth over ₹63,000 crore across seven proposed textile parks in the country. Each park is projected to generate around 3 lakh direct and indirect employment opportunities, offering significant job prospects for the youth.The Uttar Pradesh government is also focusing on strong infrastructure support, including well-developed road networks, reliable electricity supply, water availability, and logistics connectivity, making the park highly attractive for domestic and global investors.This Mega Textile Park marks a major step toward transforming Uttar Pradesh into a self-reliant and employment-driven industrial state. In the coming years, it is expected to boost investment, exports, and overall industrial development, further strengthening the state’s economy.read more:- MSP Support of ₹1,718.56 Crore for Cotton Farmers

Cabinet Approves ₹1,718.56 Crore MSP Support for Cotton Farmers Through CCIIn a significant move aimed at strengthening farmer welfare, the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved ₹1,718.56 crore in Minimum Support Price (MSP) funding for the Cotton Corporation of India (CCI) for the 2023–24 cotton season.This financial support is intended to provide direct price assurance to cotton farmers across the country.For the 2023–24 season, cotton cultivation covered an estimated 114.47 lakh hectares, with production projected at 325.22 lakh bales—nearly 25% of global cotton output. The MSP for seed cotton (kapas) is determined based on recommendations from the Commission for Agricultural Costs and Prices.According to the CCEA, MSP operations are crucial in protecting farmers, especially when market prices dip below the MSP. These interventions help stabilise prices, prevent distress sales, and ensure fair returns, thereby strengthening the economic security of cotton-growing communities.Cotton remains one of India’s most important cash crops, supporting around 60 lakh farmers and providing livelihoods to 400–500 lakh people engaged in related sectors such as processing, trade, and textiles.The Cotton Corporation of India serves as the central nodal agency for MSP operations in cotton. It procures all Fair Average Quality (FAQ) cotton from farmers without any quantitative limit whenever market prices fall below MSP levels, offering a reliable safety net.To ensure smooth procurement, CCI has set up an extensive network across 11 major cotton-producing states, with over 508 procurement centres operating in 152 districts. Additionally, the corporation has introduced several technology-driven and farmer-focused initiatives to improve efficiency and transparency in MSP operations.read more :- Rupee fell 23 paise to close at 92.63 per dollar

The Indian rupee lower 23 paise to close at 92.63 per dollar on Wednesday, compared to its opening price of 92.40 in the morning.At close, the Sensex was up 633.29 points or 0.83 percent at 76,704.13, and the Nifty was up 196.65 points or 0.83 percent at 23,777.80. About 3045 shares advanced, 1073 shares declined, and 128 shares unchanged.read more :- Result of war: Increase in cotton yarn demand

War fallout: Demand for cotton yarn picks up from ChinaDemand for Indian cotton yarn has picked up from countries such as China, Bangladesh and Vietnam among following the disruption in global logistics after the break-out of war in West Asia.“There is a very good demand for cotton yarn from China. Due the disruption in the global supply chain, whatever cotton the Chinese buyers may have bought may not reach in time. So instead of buying cotton, they are buying cotton yarn from India to meet their immediate requirement,” said Vinay N Kotak, President, Cotton Association of India (CAI).Kotak said the cotton imports are affected because of this disruption in supply chain. The freight rates have gone up and also the prices have moved up. Also, the transit time has increase substantially – may be by at least 10-15 days, he said.To ease the cotton supply situation, China has increased the quota for imports compared to last year. On Monday, the National Development and Reform Commission (NDRC) of China has issued 3 lakh tonne of cotton sliding-scale duty quota to ease the current tight cotton supply situation. This year the quota is higher by 1 lakh tonne when compared with 2025.Ramanuj Das Boob, a sourcing agent in Raichur said the demand for yarn is good from China and also from countries such as Bangladesh and Vietnam. Yarn prices have improved by ₹10-15 per kg on rising demand.Further, the domestic prices are also seen improving on firming demand and tracking the global market. Cotton Futures on ICE are hovering around 68.78 cents per pound, an increase of 13 per cent over the past two weeks.In the domestic market, the Cotton Corporation of India (CCI), currently the largest stock holder, has increased the prices by a total ₹1,200 per candy in last two days.“There is a good demand for cotton due to better yarn prices,” Boob said.Taking into account the emerging developments in the markets, CAI has revised upwards the domestic off-take of cotton by 10 lakh bales of 170 kg each to 315 lakh bales as of end-February, compared to end-January projections of 305 lakh bales.read more :- Techtextil to focus on performance clothing in 2026

Techtextil 2026 highlights growth in performance apparelTechtextil 2026 is set to spotlight the rising global demand for performance apparel textiles, driven by innovation, functionality, and sustainability. The “Performance Apparel Textiles” segment in Hall 9.0 will host around 130 exhibitors from 13 countries, showcasing advanced materials for workwear, protective clothing, sportswear, outdoor gear, and smart fashion applications.A major attraction of the event will be the live demonstration segment, “Performance Apparels on Stage,” where next-generation wearable technologies will be displayed in real-life scenarios. These demonstrations will highlight how modern textiles can provide protection, regulate temperature, improve comfort, and integrate smart features such as sensing and lighting systems.The focus on functional textiles is growing, especially for extreme environments, offering enhanced durability, cooling properties, and safety features. This is opening new opportunities for brands to differentiate their products by combining performance with sustainability and user comfort. The event also serves as a key networking platform for professionals involved in sourcing, design, and product development to explore innovations and build partnerships.An expert jury has selected several standout innovations that emphasize a holistic approach to sustainability, including durability, repairability, and wearer comfort. Exhibits will include UV-protective fabrics, flame-resistant materials, circular textiles, and thermoregulating garments, reflecting rapid technological progress in the sector.Key innovations include recyclable and stretchable workwear fabrics, lightweight protective suits for harsh conditions, chemical-free UV-protection textiles, and knit-to-shape garments with integrated lighting. Additional developments focus on thermal management systems, recycled multi-risk protective fabrics, and fibre technologies that help maintain a stable microclimate.Alongside Techtextil, Texprocess (Hall 8.0) will complement the exhibition by showcasing textile manufacturing technologies, demonstrating how AI and automation are enabling efficient scaling of innovations from concept to industrial production, bridging the gap between material development and real-world manufacturing.read more :- ATEXCON 2026 in Hyderabad hosted by CITI

CITI, Telangana to host ATEXCON 2026 in Hyderabad, IndiaThe Confederation of Indian Textile Industry (CITI), in partnership with the Government of Telangana, will host the 13th Asian Textile Conference (ATEXCON) on April 2–3, 2026, in Hyderabad. Themed “Reimagining the Future of Global Textiles,” the event will run alongside the Telangana Textile Dialogue, bringing together global industry leaders, policymakers, and stakeholders.ATEXCON 2026 aims to serve as a strategic platform to shape the next decade of the textiles and apparel industry. According to CITI Chairman Ashwin Chandran, the conference will go beyond discussions, focusing on actionable strategies to strengthen the sector amid global uncertainty and rapid transformation.The conference will center on three major pillars: fibres and fabrics, manufacturing and supply chains, and markets and trade. Discussions will explore scalable innovations such as bio-fibres, manmade fibres, and traceability, alongside advancements in AI-driven manufacturing, automation, and circularity, as well as strategies to tap into emerging consumer markets.Key highlights include a Ministerial Dinner to foster dialogue between policymakers and industry leaders, Lifetime Achievement Awards to honor contributions to the textile sector, and a Startup Pitch and Networking Gala. The startup platform will spotlight innovations in materials, recycling, AI, logistics, and supply chain technologies.Delegates will also have the opportunity to visit the PM MITRA Park in Warangal, offering insights into India’s evolving textile manufacturing ecosystem. This initiative reflects the country’s push toward integrated, large-scale textile infrastructure.The Telangana Textile Dialogue, held in parallel, will focus on building a future-ready textile ecosystem driven by sustainability, technology, and global collaboration. With discussions spanning policy, investment, innovation, and skill development, the event aligns with India’s broader ambition to grow its textile and apparel industry to $350 billion by 2030 while strengthening its role as a major economic and employment driver.read more :- The rupee opened 2 paise lower at 92.40.

Rupee Opens 2 Paise lower at 92.40/USDThe Indian Rupee opened 2 paise lower  at 92.40 against the dollar on Wednesday, compared to its Tuesday closing level of 92.38.READ MORE :- Rupee higher 01 paise to close at 92.38 per dollar   

The Indian rupee higher 01 paise to close at 92.38  per dollar on Tuesday, compared to 92.39 in the morning.At close, the Sensex was up 567.99 points or 0.75 percent at 76,070.84, and the Nifty was up 172.35 points or 0.74 percent at 23,581.15. About 2252 shares advanced, 1820 shares declined, and 138 shares unchanged.read more :- Crisis in cotton procurement: Increasing difficulties faced by farmers

Cotton Procurement Crisis Deepens, Farmers Demand Extension of CCI Purchase DeadlineThe ongoing challenges in cotton procurement across Maharashtra are intensifying, leaving farmers in a state of growing uncertainty. There is a strong demand that the Cotton Corporation of India (CCI) should keep procurement centres open until the end of April and ensure that all farmers—whether registered or unable to secure slot bookings—are allowed to sell their produce.While Agriculture Minister Dattatreya Bharne stated in the state assembly that the agricultural sector remains stable, the ground reality in the Vidarbha region tells a different story. In Yavatmal district alone, over 40,000 farmers are still waiting to complete registration for cotton sales, highlighting the scale of the issue across the state.This year’s Kharif season has been particularly difficult for cotton growers due to prolonged and heavy monsoon rains. Early harvests were damaged as cotton got wet, leading to quality deterioration. In addition, delayed picking and a shortage of labour have significantly increased production costs, forcing farmers to pay higher wages.Although the Minimum Support Price (MSP) for cotton is ₹8,110 per quintal, market prices have largely remained between ₹6,000 and ₹7,000, pushing farmers toward CCI procurement centres. However, procurement has been inconsistent this season. Centres opened late, and for the first time, registration was made mandatory through the ‘Cotton Kisan App’, creating difficulties for many farmers due to limited smartphone access and poor internet connectivity in rural areas.Even after registration, farmers faced another major hurdle—mandatory slot booking for selling cotton. Many were unable to secure slots due to limited availability, raising concerns about whether their produce would be procured at all.Farmers initially expected procurement to continue until the end of March, as in previous years. However, after the February 28 deadline, CCI extended procurement only until March 15. Due to delays and holidays, actual procurement activity lasted only a few days at several centres.Recognising the severity of the situation, Maharashtra Chief Minister Devendra Fadnavis has written to Union Textiles Minister Giriraj Singh requesting an extension of cotton procurement until April 30, 2026.Farmers are now demanding that CCI extend procurement operations until the end of April and include all affected growers, especially those unable to register or book slots.Adding to their distress, many farmers had stored cotton expecting better prices. However, earlier sales by CCI at lower rates weakened market prices, offering little relief to growers. From cultivation to marketing, farmers say policy decisions have consistently added to their difficulties rather than easing them.read more :- Rupee Opens 3 Paise Higher at 92.39

Rupee Opens 3 Paise Higher at 92.39/USDThe Indian Rupee opened 3 paise higher at 92.39 against the dollar on Tuesday, whereas it had closed at 92.42 on Monday.READ MORE :- Nahar Group will invest Rs 1,500 crore in Punjab