Textile Ministry to Get $122M Boost for Cotton Productivity MissionAccording to industry sources, the Ministry of Textiles is poised to receive an allocation of approximately ₹1,100 crore (US$122 million) from the Indian government's new Cotton Productivity Mission. This move aims to strengthen the country's textile value chain. This allocation represents more than 20% of the mission's total proposed budget of approximately ₹6,000 crore (US$668 million).The funding is coming from the five-year Cotton Productivity Mission, announced in the Union Budget 2025-26, with the objective of addressing declining cotton production and quality issues in India and revitalizing the country's textile sector. Under the scheme, a significant portion of the total expenditure is being allocated to agencies involved in agricultural research and production, but the Ministry of Textiles has negotiated for a substantial share to be directed towards post-harvest and processing activities.According to officials familiar with the discussions, the ministry will utilize these funds to modernize ginning and pressing facilities, improve lint quality control, and enhance the handling of cotton bales to ensure high-quality raw material reaches textile mills. These measures aim to reduce contamination and deficiencies that currently undermine competitiveness in both domestic and export markets.Experts note that cotton production in India has declined for several consecutive seasons, and yield per hectare remains significantly lower than the global average – factors that have put increasing pressure on raw material supply for the textile industry. Proponents of the mission argue that investment in post-harvest infrastructure is crucial to reversing this trend and reducing reliance on imported cotton.The implementation of the mission and the release of funds are still contingent on final cabinet approval, which has been delayed since the initial announcement of the scheme. Government representatives have consistently emphasized the need for sustained inter-ministerial coordination to effectively implement the program. This mission is part of a broader government strategy to improve cotton productivity, encourage the cultivation of high-value varieties, including extra-long staple cotton, and strengthen the competitiveness of India's textile exports.READ MORE :- INR Opens Stronger by 05 Paise at 89.93
Rupee opened 05 paise higher at 89.93/USDIndian rupee opened marginally higher at 89.93 per dollar on Tuesday against Monday's close of 89.98.read more :- Bangladesh textile and garment bodies seek restoration of local yarn incentives
Bangladeshi textile and apparel organizations want domestic yarn incentives to be restored.Bangladesh’s ready-made garment (RMG) exporters and textile millers have jointly intensified calls for the restoration and strengthening of government cash incentives on the use of locally produced yarn, warning that the current policy threatens the stability of the country’s textile–apparel supply chain and export competitiveness.In a coordinated appeal, leaders from the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) and Bangladesh Textile Mills Association (BTMA) have urged the Ministry of Finance to reinstate the cash incentive on local yarn at 5%. The request follows a recent reduction in the incentive to 1.5%, implemented as part of Bangladesh’s transition out of least developed country (LDC) status.Industry representatives said the sharp cut had raised input costs for exporters and weakened the backward linkage textile sector. They argued that restoring a higher incentive would boost local value addition, which is increasingly critical for maintaining competitiveness under emerging tariff regimes, including the United States’ reciprocal tariff framework.In a letter dated 24th December, BTMA president Shawkat Aziz Russell highlighted a combination of domestic and global pressures facing the sector, including geopolitical uncertainties arising from the Russia–Ukraine and Israel–Palestine conflicts, depreciation of the taka, significant increases in gas tariffs and labour costs, and persistent disruptions to energy supplies. The association has also sought an extension of the export cash incentive facility under Bangladesh Bank FE Circular No. 28, proposing that its expiry be moved from 31st December 2025, to 31st December 2028.Exporters have further proposed a 10% direct incentive for spinning mills to revive local yarn production and counter competitive disadvantages posed by cheaper imports, particularly from India. Domestic mills are reported to be grappling with large volumes of unsold inventory, forcing many to scale back production and operate well below installed capacity.Industry leaders cautioned that without a restoration of meaningful incentives, the backward linkage industry could weaken further, potentially disrupting yarn supplies to RMG manufacturers. Together, the textile and apparel sectors account for nearly 85% of Bangladesh’s total export earnings and play a critical role in foreign exchange retention.Stakeholders have also pointed out that World Trade Organization rules allow graduated economies to maintain transitional support measures for a defined grace period. They questioned the rationale behind Bangladesh’s plans for a near-total withdrawal of cash incentives at a time when competing textile-exporting nations continue to extend government support to their industries.With the fiscal year-end approaching, exporters and millers are closely monitoring the government’s response, viewing the incentive framework as a decisive factor in sustaining export growth and reinforcing Bangladesh’s industrial base.Read More :- The rupee closed 5 paise lower against the dollar at 89.98.
On Monday, the Indian rupee closed at 89.98 against the dollar, compared to its opening rate of 89.93.At the close of the market, the Sensex fell by 345.91 points or 0.41 percent to 84,695.54, and the Nifty declined by 100.2 points or 0.38 percent to 25,942.10. Approximately 1395 shares advanced, 2595 declined, and 144 remained unchanged.Read More :- Tariff impact to moderate H2 FY26 Indian cotton yarn realisation: ICRA
ICRA: Tariff Impact on Cotton Yarn to Ease in H2 FY26Following a flattish H1 FY26, the impact of US tariff on Indian cotton spinners is expected to moderate cotton yarn realisation in H2, ICRA said.Cotton spinners' revenues are projected to drop by 4-6 per cent in FY26 and margin contraction is likely to be 50-100 bps.Moderation in cotton prices is likely to offset the impact to an extent.Material expansion in capacity creations is not expected in FY26.Following a flattish first half (H1) of fiscal 2025-26 (FY26), the trickle-down effect of US tariff on Indian cotton spinners is expected to moderate cotton yarn realisation in the second half, according to ICRA.Revenues of cotton spinners are projected to decline by 4-6 per cent in FY26 and margin contraction is likely to be 50-100 basis points (bps). Moderation in cotton prices is expected to offset the impact to an extent.Any positive developments around the ongoing tariff-related negotiations with the United States could help soften the impact to an extent, the Moody’s Ratings affiliate said in a report titled ‘Indian Cotton Spinning Industry: Trends & Outlook’After witnessing a modest recovery in FY25 with increase in domestic yarn consumption by 2 per cent year on year (YoY), the Indian cotton spinning industry, is navigating a challenging phase in FY26 amidst a mix of stable domestic demand and effects of reciprocal and punitive tariffs levied by the United States on Indian apparel exports.To mitigate the impact, Indian apparel exporters are providing sizeable discounts, which are being absorbed throughout the value chain (including spinners).The import duty exemption on cotton imports in India till December 2025 and recent relaxation on quality control orders for both viscose staple fibre (VSF) and several yarns and polyester fibres is likely to moderate raw material prices for manmade fibre (MMF) yarn manufacturers, it said.“While this supports readymade garments manufacturers with access to raw material at competitive prices, it exposes domestic MMF yarn manufacturers to competition from import suppliers,” noted ICRA.Domestic cotton fibre prices fell by around 3 per cent month on month (MoM) in November 2025. Average cotton yarn prices fell by 4 per cent.This resulted in contribution levels moderating to ₹96/kg in November 2025 from ₹103 per kg in H1 FY26. ICRA anticipates contribution levels are likely to stabilise at ₹98-100 per kg for FY26 due to moderation in realisation expected in H2 FY26.ICRA's sample set of 13 companies, which accounts for 25-30 per cent of the industry's revenue, is expected to report a 4-6 per cent decline in revenues on a YoY basis in FY26.Additionally, margins are expected to contract by 50-100 basis points in FY26, primarily due to weaker performance expected in H2.Given the available capacities, material expansion in capacity creations is not expected in FY26 in the sector, ICRA added.READ MORE :-The rupee opened 8 paise lower at 89.93/USD.
The rupee opened 8 paise lower at 89.93 per dollar.The Indian rupee opened at 89.93 against the dollar on Monday, compared to its previous close of 89.85.READ MORE :- TASMA urges Finance Minister to extend duty-free cotton import facility
TASMA requests that the Finance Minister expand the duty-free cotton import program.It will help mills in the country to overcome shortage of the natural fibre and be competitiveThe Tamil Nadu Spinning Mills Association (TASMA) has urged Finance Minister Nirmala Sitharaman to extend duty-free imports of cotton beyond December 31, 2025, as the country could face a cotton shortage in view of lower production.TASMA President A P Appukutty, in a letter to the Finance Minister, said extending duty-free imports may ease the availability of cotton and help mills to competitively price their products in the global market. Welcoming the government’s move to extend duty-free imports from September 30, 2025, to December 31, 2025, he said it helped mills to import cotton at a price lower by 11 per cent and offer their products at a competitive price in the global market. The decision proved crucial when the industry faced a critical situation due to the imposition of 50 per cent tariffs by the US on all Imports.Lower production estimatePointing to the Committee on Cotton Production and Consumption, estimating cotton production for this season (October 2025-September 2026) lower at 292.15 lakh bales (170 kg), Appukutty said domestic availability will be the lowest compared to the past few years. Extending the duty-free imports further will benefit mills, particularly at a time when cotton arrivals are reported to be low.Read More :- China's Xinjiang achieves record cotton output in 2025
China's Xinjiang achieves record cotton output in 2025Harvesting machines shuttle among the cotton fields in the Mongolian Autonomous Prefecture of Bayingolin, northwest China's Xinjiang Uygur Autonomous Region, September 29, 2025.Northwest China's Xinjiang Uygur Autonomous Region posted a record cotton output of over 6 million tonnes in 2025, official data showed on Friday.The region produced 6.165 million tonnes of cotton this year, accounting for 92.8 percent of the national total, according to the National Bureau of Statistics.Xinjiang's cotton planting area has expanded to nearly 38.88 million mu (about 2.59 million hectares), which was up 5.9 percent year on year, and its average yield has come in at 158.6 kilograms per mu, up 2.4 percent year on year.Favorable weather conditions throughout the growing season helped boost output, with strengthened policy support, advances in agricultural technology, and improved talent development also contributing to higher productivity, experts say.The overall mechanization rate of cotton cultivation and harvesting in Xinjiang is expected to exceed 97.5 percent this year, boosting large-scale, mechanized and intelligent cotton production further.Xinjiang remains China's largest cotton-producing region. The country's cotton output rose 7.7 percent from 2024 to 6.641 million tonnes in 2025.READ MORE :- The Textiles Ministry is set to receive ₹1,100 crore from the Cotton Productivity Mission to boost quality and manufacturing
This week, the Cotton Corporation of India (CCI) sold 94.28% of its 2024–2025 cotton procurement through online auctions while maintaining its current prices.The Textiles Ministry is slated to receive over ₹1,100 crore from the Cotton Productivity Mission, representing approximately 22 percent of the scheme's total budget of ₹6,000 crore. This allocation stems from a five-year plan announced in the Union Budget earlier this year, designed to revitalize India's struggling cotton sector. The ministry's funds will be used to modernize factories, improve lint quality, and strengthen the textile chain from farm to finished garment. The funding is still awaiting final cabinet approval, which has been delayed by nearly a year.India's cotton problem is real and worsening. Production has declined for three consecutive years, falling from 32.52 million bales in 2023-24 to 29.22 million bales in 2025-26. The area under cotton cultivation has decreased by 2 million hectares in four years. India's cotton yield remains stuck below 5 quintals per hectare, while the global average is 9 quintals, and the United States achieves 10 quintals per hectare. The government believes this new funding can reverse this decline and help India compete globally in the textile sector once again.How the ₹6,000 crore mission budget will be distributedThe Cotton Productivity Mission funds are being distributed among various government bodies based on their respective roles. The Department of Agriculture and Farmers Welfare receives the largest share, over ₹4,000 crore, approximately 69 percent of the total. The Indian Council of Agricultural Research receives just under ₹600 crore, about 9 percent. The Textiles Ministry receives ₹1,100 crore to handle textile-related matters. This allocation has caused some disagreement within the government. Scientists at the ICAR's cotton research center in Nagpur stated that their organization has been tasked with achieving all the mission's objectives, but it is receiving very little funding to do so. ICAR is supposed to design the entire mission and set the targets, but it lacks the necessary resources. The Textile Ministry worked hard to secure the ₹1,100 crore, as the expenditure department was initially reluctant to provide them with more funds. Now that they have the money, the ministry plans to use this fund for improving ginning factories, lint quality, and better bale handling.What will the Textile Ministry do with the ₹1,100 crore?The Textile Ministry is facing a major problem in India's cotton-to-textile chain. Farmers grow cotton in the fields, but textile mills receive poor-quality raw material. As yields decline, the quality of the lint also deteriorates. Better ginning facilities, proper bale handling, and improved quality checks can make a significant difference in the quality of the material reaching textile factories. The ₹1,100 crore will focus on these post-harvest processes, where adulteration and poor handling degrade the quality of the cotton.This funding also supports India's larger textile goals, including achieving an industry size of ₹250 billion by 2030, with ₹100 billion coming from exports. Cotton remains the backbone of India's traditional textile business, employing millions of people and driving exports. Without reliable, high-quality domestic cotton, mills have to either buy expensive foreign fiber or use lower-grade local cotton. Both situations hurt India's competitiveness. The ministry's funds address the ground-level infrastructure problems that cannot be fixed solely through farmer-level improvements. The Ministry of Textiles argued throughout the planning process that it needed to be a key partner. Officials stated that cotton quality depends not only on what farmers grow but also on how the fiber is handled during the ginning, pressing, and certification stages. Expertise from the textile industry is crucial in these stages. This argument convinced the Finance Commission to allocate ₹1,100 crore specifically to the Ministry of Textiles for textile-related activities.Read More :- The Cotton Corporation of India (CCI) kept its prices unchanged this week and sold 94.28% of its 2024-25 cotton procurement through e-auctions.
This week, the Cotton Corporation of India (CCI) sold 94.28% of its 2024–2025 cotton procurement through online auctions while maintaining its current prices.During the entire week from 22 December to 26 December 2025, CCI conducted online auctions at its mills and trader sessions, achieving total sales of approximately 1,00,400 bales. Weekly Sales PerformanceDecember 22, 2025:CCI sold 28,100 bales, of which 13,200 bales were purchased by mills and 14,900 bales by traders.December 23, 2025:Total sales stood at 21,300 bales, with mills buying 6,200 bales and traders accounting for 15,100 bales.December 24, 2025:Sales amounted to 19,300 bales, including 11,400 bales acquired by mills and 7,900 bales by traders.December 26, 2025:The highest sales of the week were recorded on this day, with 31,700 bales sold. Mills purchased 6,800 bales, while traders lifted a significant 24,900 bales.CCI sold a total of approximately 1,00,400 bales during the week, taking its cumulative sales to 94,28,100 bales for the season, which is 94.28% of its total purchases for 2024-25.Read More :- The rupee closed 01 paisa higher against the dollar at 89.85
On Friday, the Indian rupee opened at 89.86 against the dollar and closed 01 paisa higher at 89.85.The Sensex closed 367 points lower; the Nifty at 26,042; IT and auto stocks saw the biggest declines.Read More :- CCI cotton procurement 50 lakh bales at MSP till now
The rupee opened 8 paise lower at 89.86/USD.The domestic currency opened at 89.86 against the US dollar, compared to its previous closing of 89.78 against the dollar.READ MORE :- 2025 year-end achievement - India's Ministry of Textiles
Ministry of Textiles: Key Achievements 2025India’s textiles sector recorded wide-ranging policy reforms, infrastructure rollout and tax rationalisation in 2025, as outlined in the Year End Review released by the Ministry of Textiles on December 24, 2025. The measures aim to boost domestic manufacturing, improve global competitiveness and support farmers, weavers and artisans across the value chain.A major highlight was the rescinding of Quality Control Orders on viscose staple fibre from November 18, 2025, MMF polyester segments from November 12, 2025, and textile machinery, alongside deferring cotton bale QCO implementation to August 2026. Customs duty exemption on raw cotton was granted for August–December 2025 to ease input costs for spinners.The 56th GST Council meeting delivered significant tax rationalisation, cutting GST on garments and made-ups priced up to ₹2,500 per piece to 5 per cent. Rates on MMF fibres were reduced from 18 per cent to 5 per cent, and MMF yarns from 12 per cent to 5 per cent, while carpets, handicrafts, handlooms and sewing machines were also brought under the 5 per cent slab.Export facilitation improved through the extension of the export obligation period under Advance Authorisation from six to 18 months for QCO-covered items, and the extension of RoDTEP benefits to EOUs, SEZs and Advance Authorisation units. RoSCTL for garments and made-ups has been extended until March 31, 2026.The Production Linked Incentive scheme was revised to ease compliance, with expanded eligible products, relaxed company formation norms, lower investment thresholds and a reduction in incremental turnover criteria from 25 per cent to 10 per cent.On infrastructure, seven PM MITRA Parks with an outlay of ₹4,445 crore were approved and rolled out. The ministry confirmed 100 per cent land acquisition, environmental clearances for all parks and approved land allotment policies in Madhya Pradesh and Tamil Nadu. Cotton procurement systems were also expanded and digitised, while decriminalisation measures were introduced under the Jan Vishwas Bill 2025 across key textile laws.Read more :- CCI cotton procurement 50 lakh bales at MSP till now
CCI Procures 50 Lakh Cotton Bales at MSPThe state-run Cotton Corporation of India (CCI) has procured about 50 lakh bales of the natural fibre crop at minimum support price (MSP ) in the current 2025-26 season till now. The MSP purchases so far this season are higher by about 60 per cent over the 31 lakh bales purchased till mid-December last year.We have procured about 50 lakh bales out of the arrivals of 118 lakh bales. The daily procurement is now more than 2 lakh bales,” said Lalit Kumar Gupta, Chairman and Managing Director, CCI.As per CCI, the progressive purchase of raw cotton till December 19 was 230.23 lakh quintals valued at ₹18,238 crore. The bulk of these purchases has been made in Telangana and Maharashtra. In Telangana, about 93.87 lakh quintals of cotton, valued at ₹7,445 crore, have been purchased, while in Maharashtra CCI has purchased about 47.69 lakh quintals valued at ₹3,779 crore.In Karnataka, 21.49 lakh quintals of cotton valued at ₹1,708 crore has been procured by CCI, while in Gujarat the purchased quantity stood at 19.23 lakh quintals valued at ₹1,546 crore. In Andhra, the procured quantity is valued at ₹972 crore, while in Rajasthan it was ₹848 crore, so far. In Haryana, the CCI has purchased cotton valued at ₹484 crore, while in Odisha it was ₹315 crore and Punjab ₹103 crore, as per the data on CCI website.CCI’s market intervention has lent stability to the cotton prices, which have firmed up from the levels at the start of the season, but are still below the MSP. The Centre has announced a MSP of ₹7,710 per quintal for the medium staple cotton and₹8,110 for the long staple cotton for the 2025-26 season.Quality raw cotton prices, which were hovering around ₹7,200-7,300 per quintal at the start of the season, are now hovering around ₹7,800 levels in the private trade at Raichur, Karnataka,” said Ramanuj Das Boob, a sourcing agent. Similarly, the pressed cotton prices have moved up by ₹2,000-2,500 per candy (356 kg) to around the ₹54,000 level. Farmers are preferring to sell to CCI as they are offering a higher prices compared to the market price, he said.Lower acreage coupled with adverse climate has shrunk the cotton crop this year. Also the excess and unseasonal rains have impacted the quality across almost all growingStates. As per the first advance estimates of the Agriculture Ministry, cotton crop for 2025-26 is projected slightly lower at 292.15 lakh bales of 170 kg each over previous year’s 297.24 lakh bales. Cotton imports are currently duty free till the end of this year.Read more :- The rupee closed 21 paise lower at 89.78 against the dollar
On Wednesday, the Indian rupee closed 21 paise lower at 89.78 against the US dollar, compared to its opening level of 89.57.At the close, the Sensex fell 116.14 points, or 0.14 percent, to 85,408.70, and the Nifty declined 35.05 points, or 0.13 percent, to 26,142.10. Approximately 1,693 shares advanced, 2,154 declined, and 118 remained unchanged.Read More :- In Wani taluka, known as the "Island of White Gold," heavy rains this year have severely impacted cotton production.
Heavy Rains Batter Cotton in WaniAs a result, cotton procurement by the end of December has decreased by 1.25 lakh quintals compared to last year. Last season, the Cotton Corporation of India (CCI) purchased 128,604 quintals of cotton by the end of December. Total procurement for the entire season reached approximately 5 lakh quintals. However, this year, CCI's procurement started late, and due to the reduced production, the expected arrivals are not being met.According to information from the Agricultural Produce Market Committee, CCI is currently purchasing cotton from 12 ginning units in Wani, as well as from ginning units in Shindola and Navargaon. Initially, the price for good quality cotton was Rs. 8,110 per quintal. However, based on grading, this price has now dropped to Rs. 6,060. The price is determined only after the cotton in each truck is inspected by a CCI grader.This year, farmers are showing a greater preference for the Shindola market compared to the Wani market. As of December 18th, a total of 168,832 quintals of cotton had been purchased, with 97,909 quintals purchased in Wani, 63,740 quintals in Shindola, and 7,182 quintals in Navargaon. The Market Committee estimates that this procurement will reach 2 lakh quintals by the end of December. However, due to the overall lower cotton production this year, only about 3 lakh quintals are expected to be purchased throughout the entire season, which is approximately 2 lakh quintals less than last year.Competition Among Ginning UnitsAlthough CCI is purchasing cotton from 12 ginning units in Wani, farmers have to choose which ginning unit to sell their cotton to. For this, they have to register on an app and specify their preferred slot and ginning unit. Therefore, ginning unit owners are running advertisements urging farmers to "choose our ginning unit." They are leaving. In some places, drivers are being offered incentives, while in other places, ginning mill owners are even talking about giving out lottery prizes. As a result, some ginning mills are empty, while in other places, large quantities of cotton are being stockpiled.Price increase by private tradersDue to lower production, cotton is expected to fetch a good price in the market this year. Because of large-scale purchases by the Cotton Corporation of India (CCI), private traders were unable to obtain cotton. Therefore, traders have also increased prices and are currently offering 7,500 to 7,600 rupees per quintal. It is expected that if the price increases by another 200 to 300 rupees, farmers will be able to sell their cotton to these traders.READ MORE :- The rupee opened 9 paise higher at 89.57/USD.
The rupee opened 9 paise higher against the dollar at 89.57.The Indian rupee opened at 89.57 against the dollar on Wednesday, compared to its closing rate of 89.66 on Tuesday.Read more :- Rupee fell 02 paise to close at 89.66 per dollar
The Indian rupee on tuesday lower 02 paise to close at 89.66 per dollar, while it opened at 89.64 in the morning.At close, the Sensex was down 42.64 points or 0.05 percent at 85,524.84, and the Nifty was up 4.75 points or 0.02 percent at 26,177.15. About 2146 shares advanced, 1725 shares declined, and 130 shares unchanged.read more :- US Upland cotton exports recover modestly, Pima muted in week of Dec 4
US Upland Cotton Exports Recover; Pima MutedUS Upland cotton export sales showed a modest recovery in the week ending December 4, although demand remained subdued on a year-on-year basis, according to the US Department of Agriculture’s weekly export sales report.Net Upland sales for the current marketing year edged up to 153,300 running bales (RB), each weighing 226.8 kg, from 135,900 RB the previous week. This was broadly in line with last year’s 153,000 RB, pointing to stabilisation rather than a clear rebound in buying appetite.Shipments eased week on week to 101,600 RB from 122,100 RB but were in line with the year-ago level, reflecting continued execution of existing contracts. Accumulated exports rose to 2.41 million RB from 2.31 million RB a week earlier and exceeded 2.28 million RB in the same week last year. Outstanding sales increased marginally to 3.47 million RB from 3.42 million RB but remained well below 4.73 million RB a year ago, underlining weaker forward coverage by global mills.Forward sales for the next marketing year stayed limited at just 300 RB, sharply lower than 3,300 RB booked in the same week last year, highlighting ongoing caution over future yarn demand and margins.Buying remained selective. Vietnam led weekly bookings with 70,400 RB, followed by Pakistan at 14,100 RB and the Republic of Korea at 11,700 RB. Turkiye booked 11,000 RB, while India added 7,600 RB and Bangladesh 4,400 RB. Although Vietnam’s demand remained relatively strong, overall participation was narrower than historical norms, reinforcing the view that mills are buying hand-to-mouth amid persistent uncertainty across global textile markets.Pima cotton export activity was largely steady but muted. Net Pima sales for the current marketing year totalled 6,200 RB, slightly below 6,900 RB a year earlier. Outstanding sales fell to 58,500 RB from 63,100 RB last week and were well below 105,600 RB in the same period last year. Accumulated Pima exports increased to 119,600 RB from 104,600 RB a week earlier, indicating shipment-driven progress rather than renewed buying interest, as premium spinners continued to procure cautiously in a weak downstream environment.READ MORE :- India-New Zealand FTA to increase exports of textiles, clothing: CITI
India–NZ FTA to Boost Textile, Apparel Exports: CITIThe Confederation of Indian Textile Industry (CITI) warmly welcomes the completion of Free Trade Agreement (FTA) negotiations between India and New Zealand, as it will greatly benefit the country's textile and clothing sector, which is looking to expand into new markets.The India-New Zealand FTA will give zero-duty market access to 100 percent of India's exports. In 2024, India was the third largest exporter of textile and clothing products to New Zealand after China and Bangladesh. India's textile and clothing exports to New Zealand in 2024 were $138.65 million.CITI Chairman Ashwin Chandran said in a statement, "Less than a week after the signing of the Comprehensive Economic Partnership Agreement (CEPA) between India and Oman, the completion of FTA negotiations between India and New Zealand demonstrates India's focus on market diversification for trade and services. For the textile and apparel sector, this certainly means greater market access opportunities. The industry is deeply engaged with these new FTA partners. will have to focus on diversification of its product basket.”Chandran added, "CITI would like to express its heartfelt gratitude to the Prime Minister, Commerce Minister and all concerned authorities for expeditiously concluding the FTA negotiations with New Zealand, which have huge potential for Indian textile and clothing products."The CITI Chairman said that the India-New Zealand FTA will help India's textile and apparel exporters, who are actively working on a diversification agenda, reduce their dependence on select markets and help the country achieve its national target of $100 billion in textile and apparel exports by 2030. He said the FTA with New Zealand would increase market access for Indian companies, making Indian textile and clothing products more attractive and price competitive to existing and potential buyers there.In July, India signed the Comprehensive Economic and Trade Agreement (CETA) with the United Kingdom. India is also in the advanced stage of FTA negotiations with the European Union and other countries. In addition, a bilateral trade agreement (BTA) with the United States is being negotiated. India's textile and clothing exports in the fiscal year 2024-25 were about $38 billion.READ MORE :- Maharashtra: CCI Cotton Procurement: CCI Procures Over 4.5 Lakh Quintals of Cotton
| title | Created At | Action |
|---|---|---|
| Textile Ministry Set to Receive $122 Million from Cotton Productivity Mission | 30-12-2025 11:17:00 | view |
| INR Opens Stronger by 05 Paise at 89.93 | 30-12-2025 10:35:59 | view |
| Bangladesh textile and garment bodies seek restoration of local yarn incentives | 29-12-2025 18:26:36 | view |
| The rupee closed 5 paise lower against the dollar at 89.98. | 29-12-2025 15:56:34 | view |
| Tariff impact to moderate H2 FY26 Indian cotton yarn realisation: ICRA | 29-12-2025 11:50:09 | view |
| The rupee opened 8 paise lower at 89.93/USD. | 29-12-2025 09:43:58 | view |
| TASMA urges Finance Minister to extend duty-free cotton import facility | 27-12-2025 15:23:49 | view |
| China's Xinjiang achieves record cotton output in 2025 | 27-12-2025 12:03:53 | view |
| The Textiles Ministry is set to receive ₹1,100 crore from the Cotton Productivity Mission to boost quality and manufacturing | 26-12-2025 18:18:27 | view |
| The Cotton Corporation of India (CCI) kept its prices unchanged this week and sold 94.28% of its 2024-25 cotton procurement through e-auctions. | 26-12-2025 17:40:51 | view |
| The rupee closed 01 paisa higher against the dollar at 89.85 | 26-12-2025 16:06:12 | view |
| The rupee opened 8 paise lower against the dollar at 89.86. | 26-12-2025 09:45:51 | view |
| 2025 year-end achievement - India's Ministry of Textiles | 25-12-2025 12:02:33 | view |
| CCI cotton procurement 50 lakh bales at MSP till now | 25-12-2025 11:30:33 | view |
| The rupee closed 21 paise lower at 89.78 against the dollar | 24-12-2025 16:05:55 | view |
| In Wani taluka, known as the "Island of White Gold," heavy rains this year have severely impacted cotton production. | 24-12-2025 11:59:25 | view |
| The rupee opened 9 paise higher at 89.57/USD. | 24-12-2025 09:46:54 | view |
| Rupee fell 02 paise to close at 89.66 per dollar | 23-12-2025 15:48:36 | view |
| US Upland cotton exports recover modestly, Pima muted in week of Dec 4 | 23-12-2025 13:17:15 | view |
| India-New Zealand FTA to increase exports of textiles, clothing: CITI | 23-12-2025 12:01:30 | view |
