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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

Punjab Investors' Summit: Nahar Group to invest Rs 1,500 cr across textiles, renewables, data centrePunjab witnessed major investment commitments during the Progressive Punjab Investors' Summit 2026 in Mohali, with several industrial leaders announcing large-scale projects aimed at boosting the state's economy and employment opportunities.At the summit, Kamal Oswal, chairman of Nahar Group, announced an investment of ₹1,500 crore for modernising the company’s existing textile units, expanding renewable energy initiatives, and establishing a new data centre in Mohali. He said the summit reflected renewed confidence among investors and highlighted that Punjab is once again emerging as a strong destination for industrial investment.Oswal also noted that the state’s industrial sector had faced a slowdown in the past, with many companies exploring opportunities outside Punjab. However, he credited the leadership of Chief Minister Bhagwant Mann for restoring investor confidence and rebuilding an industry-friendly environment in the state.Several other industrialists also announced significant investments. P. J. Singh, managing director of Tynor Orthotics, revealed plans to invest ₹1,000 crore over the next three years, describing the summit as an important platform to showcase investment opportunities in the state. Similarly, Rudra Pratap, Vice Chancellor of Plaksha University, said ₹950 crore has already been committed for developing the institution and announced an additional ₹5,000 crore investment plan to strengthen innovation, education, and entrepreneurship.Industry representatives from companies such as Arisudana Industries, Sanatan Polycot, and Ganga Acrowools Ltd also expressed appreciation for the Punjab government’s support to the industrial sector. Ajay Datani of Sanatan Polycot highlighted that Punjab is becoming one of the most promising industrial destinations due to its efficient implementation and nurturing of industrial projects.Meanwhile, Ashish Kumar, managing director of Vervio India, emphasised the company’s commitment to sustainable development through its paddy straw-based compressed biogas plant in Punjab, which has a production capacity of 33 tonnes per day. He added that farmers in the state are key stakeholders in the initiative, further strengthening the link between industry and agriculture.read more :- WPI Rises to 2.13% in February Due to Rising Clothing Prices

India's WPI inflation at 2.13% in Feb amid higher textile pricesIndia’s wholesale price inflation (WPI) rose to 2.13% year-on-year in February 2026, compared to 1.81% in January, driven by higher prices of manufactured goods, food items, and textiles, according to data released by the Ministry of Commerce and Industry.The overall WPI index increased slightly to 158.2 in February from 157.8 in January, while month-on-month inflation stood at 0.25%. The rise in inflation was largely supported by price increases in manufacturing, food products, basic metals, non-food articles, and textiles.Within the manufacturing sector—the largest component of the WPI basket—the index rose 0.47% month-on-month to 148.2. Out of 22 industry groups, 16 recorded price increases, including textiles, food products, electrical equipment, and chemicals, while five saw declines.The textiles segment registered a 0.71% monthly rise, taking its index to 141.4 in February. On a yearly basis, textile inflation climbed to 3.29%, up from 2.48% in January, indicating stronger price pressures in the sector.The wearing apparel category also showed a mild increase, with prices rising 0.13% month-on-month and 2.14% year-on-year.Among broader WPI groups, primary articles inflation stood at 3.27%, while fluctuations in fuel and manufactured goods further influenced overall price movements.Overall, the data indicates that producer-level inflationary pressure is gradually building across multiple sectors, particularly textiles and manufacturing.read more :- Crisis on Barwani cotton trade due to Iran-Israel war

Iran-Israel war's impact on Barwani's cotton trade, fear of export stallingThe impact of the Iran-Israel war is now visible on the cotton trade of Barwani district of Madhya Pradesh. Increasing uncertainty in international sea routes may affect imports and exports, which has increased concerns among local traders.According to Gopal Tayal, a cotton trader from Barwani and president of the Cotton Association, India's cotton trade largely depends on international import-export. India imports long staple cotton from countries like America, Brazil and Australia.Transportation costs will increase due to sea routes being affectedGopal Tayal, local cotton trader of the district and president of the Cotton Association, said that in the current war situation, many countries including America are involved in it in some way or the other, due to which global business activities are being affected. Important sea routes near Iran, especially the Gulf of Hormuz, have become extremely sensitive.If this route is affected, ships will have to take a longer detour through Africa, which will significantly increase transportation costs and make trade expensive.Pressure may increase on cotton and textile industryIndia imports cotton in large quantities from America, while the clothes and readymade garments produced here are exported to many countries in Europe. But due to the war, instability in the markets of Europe has also increased.If exports are disrupted, finished goods may remain stuck within the country, which will increase the pressure of goods in the market and the textile industry may have to suffer huge losses.Transportation is expensive, prices of clothes increase by 30-35%Traders say transportation costs have increased due to disruption in ship movement in the Strait of Hormuz and costly war risk insurance. Due to increase in the prices of raw materials, the prices of finished clothes are also increasing by about 30-35 percent and exports have almost come to a standstill.Traders said that it is necessary to establish peace soon, so that international trade can become normal and the cotton and textile industry can be saved from losses.read more :- The rupee closed 02 paise higher at 92.42 against the dollar.

On Monday, the Indian rupee closed 02 paise higher at 92.42 against the dollar, after opening at 92.44.At close, the Sensex was up 938.93 points or 1.26 percent at 75,502.85, and the Nifty was up 257.70 points or 1.11 percent at 23,408.80. About 1410 shares advanced, 2772 shares declined, and 157 shares unchanged.read more :- Purchase of 19.16 lakh quintals of cotton in Parbhani and Hingoli

19.16 lakh quintals of cotton purchased in Parbhani, HingoliParbhani: Season 2025-26 is in its last phase and till Thursday (12th), CCI (Cotton Corporation of India) and private sector purchased 19 lakh 16 thousand 972 quintals of cotton in Parbhani and Hingoli districts. Out of this, CCI purchased 10 lakh 33 thousand 191 quintals, while the private sector purchased 8 lakh 83 thousand 781 quintals of cotton.At 14 centers in these two districts, 88,377 farmers had registered to sell cotton at guaranteed prices at CCI centers through the Cotton Kisan mobile app. At the beginning of the cotton procurement season, the open market price was below the guaranteed price.This caused a break in CCI cotton procurement. Most farmers kept cotton at home, hoping that prices would rise further in the open market. But open market prices fell in February. For this reason the farmers went back to CCI. CCI had extended the deadline for purchasing cotton till Sunday (15th).But due to holidays, many farmers could not sell cotton at CCI centres. Due to cotton prices being lower than the guaranteed price in the open market, farmers have demanded extension of the CCI cotton purchase deadline till March 31.read more :- Rupee Opens 1 Paisa Higher at 92.44

Rupee Opens 1 Paisa Higher at 92.44/USDThe Indian Rupee opened 1 paisa higher at 92.44 against the dollar on Monday, compared to its Friday close of 92.45.READ MORE :-  "2025-26 CCI Cotton Sales – State Wise Details"

State-wise CCI Cotton Sales Details – 2025-26 SeasonThe Cotton Corporation of India (CCI) raised its cotton prices by ₹200–₹400 per candy during this week . Till date, CCI has sold approximately 20,08,100 cotton bales for the 2025-26 season. Sales are highly concentrated in a few major cotton-producing states, Maharashtra and Gujarat emerging as the leading contributors.

CCI Raises Cotton Prices by ₹200–₹400 per Candy; Weekly Auction Sales Cross 6.4 Lakh BalesThe Cotton Corporation of India (CCI) raised its cotton prices by ₹200–₹400 per candy during the week from March 09 to March 13, 2026, while continuing its routine online auctions across multiple procurement centers. The auctions witnessed strong participation from textile mills and cotton traders, resulting in robust weekly sales of about 6,41,500 bales from the 2025–26 crop along with 1,900 bales from the previous 2024–25 season.Day-wise Auction PerformanceMarch 09, 2026:CCI began the week with strong momentum, selling 1,48,700 bales from the 2025–26 crop.Mills purchased 71,600 balesTraders accounted for 77,100 balesMarch 10, 2026:Sales moderated slightly, with 85,000 bales sold, all from the current season’s crop.Mills purchased 44,900 balesTraders bought 40,100 balesMarch 11, 2026:The corporation sold 1,14,300 bales from the 2025–26 crop and 1,900 bales from the 2024–25 crop.Mills purchased 27,300 bales, including 1,900 bales from the previous seasonTraders bought 88,900 balesMarch 12, 2026:Total sales reached 76,600 bales, all from the current season.Mills purchased 38,600 balesTraders accounted for 38,000 balesMarch 13, 2026:The week concluded with strong auction activity, recording the highest daily sales of 2,16,900 bales, entirely from the 2025–26 crop.Mills purchased 76,500 balesTraders bought 1,40,400 balesCumulative Sales UpdateFollowing the latest auctions, CCI’s total sales reached:20,08,100 bales for the 2025–26 season98,85,100 bales for the 2024–25 season

Western Zone Consultation on Union Budget 2026–27 Textile Initiatives Held in MumbaiA consultation meeting with Western Zone States on the textile sector initiatives announced in the Union Budget 2026–27 was held in Mumbai under the chairpersonship of Neelam Shami Rao, Secretary, Ministry of Textiles. Senior officials including Rohit Kansal, Additional Secretary; Padmini Singla, Joint Secretary (Fibre); Vrunda Manohar Desai, Textile Commissioner, Mumbai; and Akhilesh Kumar, Deputy Director General participated in the meeting.The consultation brought together representatives from Western Zone State Governments, industry associations and stakeholders across the textile value chain to discuss effective implementation of the initiatives announced in the Union Budget 2026–27.Key initiatives discussed included Samarth 2.0 for large-scale skilling across the textile value chain; the National Fibre Scheme (2026–2031) to strengthen the raw material base and boost domestic fibre production; the Tex Eco Initiative – Mission for Sustainable Textiles to promote sustainability and cleaner production; and the Textile Expansion and Employment (TEEM) Scheme aimed at modernising textile clusters, improving productivity and generating employment.The meeting also reviewed the expansion of Mega Textile Parks and initiatives to strengthen traditional sectors through the National Handloom and Handicraft Programme (NHHP) and the Mahatma Gandhi Gram Swaraj Initiative.Addressing the participants, Secretary (Textiles) Neelam Shami Rao highlighted the importance of cooperative federalism and stakeholder engagement in implementing these initiatives to enhance competitiveness, promote sustainable growth and generate employment in the textile sector.Additional Secretary Rohit Kansal also briefed participants on the key textile-related announcements in the Union Budget 2026–27 and invited States and industry stakeholders to participate in Bharat Tex 2026 to be held from 14–17 July 2026 in New Delhi.The consultation is part of a series of regional meetings being conducted by the Ministry of Textiles to gather feedback from States and stakeholders before finalising the implementation framework for the textile sector initiatives announced in the Union Budget 2026–27.read more:-   Infra work completed in Amravati PM Mitra Park, Maharashtra

Maharasthra: Infra works at Amravati’s PM Mitra Textile Park completedAmravati: The PM MITRA Textile Park in Amravati has completed its first phase of infrastructure development. Union textile secretary Neelam Shami Rao visited the park on Friday and expressed satisfaction with the progress.The park, spread over 1,020 acres, has completed key infrastructure projects, including roads, drainage, cable laying, street lighting, and water supply systems. A 100-acre solar power plant is also planned, and a Dutch company is investing in a cotton processing and R&D center on 66 acres. The project is expected to generate significant employment opportunities in the region. District Collector Ashish Yerekar highlighted the park's potential to boost industrial growth in the area.The PM MITRA scheme aims to create seven integrated textile parks across India, attracting Rs70,000 crore in investments and generating 20 lakh jobs.read more :- Cotton import estimates cut amid high global prices: CAI