India’s Textile Export Target Rests on MSMEsIndia’s target to hit $100 billion in textile exports in five years revolves largely around how well the country can support and scale its micro, small and medium enterprises (MSMEs), according to a new Primus Partners report, which says textile MSMEs form the backbone of the industry, but are held back now by fragmented value chains, high costs, skill shortages and limited global market access.India accounts for just 4.6 per cent of global textile exports, while China’s share is 48 per cent.Titled ‘Roadmap for $100 Billion Exports in 5 Years’, the consulting firm’s report asserts that unlocking MSME potential is key to narrowing this gap and placing India among global leaders in textile manufacturing.While geopolitical shifts offer an opportunity for Indian firms, textile MSMEs must evolve to exploit this, the report points out.Readymade garments and home textiles, which account for 75 per cent of India’s textile exports, are expected to benefit the most. The shift in sourcing patterns by global brands under the ‘China Plus One’ strategy makes India an increasingly attractive destination—if MSMEs can keep pace.MSMEs may be aggregated into formal clusters, like farmer producer organisations, enabling them to negotiate better pricing, adopt standardised practices and directly access global buyers, it recommends. These aggregations would also improve creditworthiness and streamline supply chain operations.However, a major constraint is skills. Only 15 per cent of workers in the textile manufacturing sector have received formal training, according to the National Skill Development Corporation. This contributes to a 20-30 per cent loss in productivity.Primus Partners suggests setting up dedicated training centres in tier-II and tier-III cities, especially where PM MITRA Parks are coming up, to bridge this gap.Finance remains another bottleneck. MSMEs often struggle to access affordable credit for modernising machinery or expanding operations. The report recommends expanding operational subsidies and employment-linked incentives to reduce input costs and boost competitiveness.Infrastructural inefficiencies, particularly in logistics, continue to inflate production costs. India’s logistics costs stand at 14 per cent of GDP, compared to the global benchmark of 8-10 per cent. The report urges faster development of integrated supply chain parks and better port connectivity to support textile MSMEs in becoming export-ready.Trade access is also essential. While competitors like Sri Lanka enjoy duty-free access to Europe under the Generalised Scheme of Preferences (GSP), Indian exporters face tariff disadvantages. The report calls for accelerated negotiations of free trade agreements with the European Union, the United Kingdom, and the United States to make Indian goods more price-competitive.The report also stresses on the need to integrate textile MSMEs into the growing technical textile segment, projected to reach $274 billion globally by 2027.read more :- Rupee Falls 7 Paise to 85.47 vs Dollar
EU Industrial Growth Hits 1.9% in MarchIn March 2025, compared with February 2025, seasonally adjusted industrial production increased by 1.9 per cent in the EU and 2.6 per cent in the euro area, according to first estimates from Eurostat, the statistical office of the European Union. In February 2025, industrial production grew by 1.1 per cent in both the euro area and the EU.In the euro area, industrial production showed mixed results in March 2025 compared with February 2025. Production increased by 0.6 per cent for intermediate goods, 3.2 per cent for capital goods, 3.1 per cent for durable consumer goods, and 2.3 per cent for non-durable consumer goods. However, production of energy declined by 0.5 per cent, marking the only category with a decrease during the period.In the EU, industrial production in March 2025 compared with February 2025 showed overall growth across most categories. Production rose by 0.2 per cent for intermediate goods, 3.0 per cent for capital goods, 2.8 per cent for durable consumer goods, and 1.3 per cent for non-durable consumer goods. The only decline was seen in energy production, which dropped by 1.7 per cent during the same period, according to the report.The highest monthly increases were recorded in Ireland (+14.6 per cent), Malta (+4.4 per cent) and Finland (+3.5 per cent). The largest decreases were observed in Luxembourg (-6.3 per cent), Denmark and Greece (both -4.6 per cent) and Portugal (-4.0 per cent).On an annual basis, industrial production in both the euro area and the EU showed notable growth in March 2025 compared with March 2024, particularly in consumer goods. In the euro area, production increased by 15.7 per cent for non-durable consumer goods, 2.2 per cent for energy, 1.1 per cent for durable consumer goods, and 1.0 per cent for capital goods, while intermediate goods saw a slight decline of 0.2 per cent. Similarly, in the EU, production rose by 12.2 per cent for non-durable consumer goods, 1.3 per cent for durable consumer goods, 1.0 per cent for capital goods, and 0.8 per cent for energy, with intermediate goods also decreasing by 0.2 per cent.The highest annual increases were recorded in Ireland (+50.2 per cent), Malta (+10.1 per cent) and Lithuania (+7.8 per cent). The largest decreases were observed in Bulgaria (-8.3 per cent), Romania (-7.8 per cent) and Denmark (-5.7 per cent).read more:- Rupee Falls 7 Paise to 85.47 vs Dollar
Rupee opens 7 paise lower at 85.47 against US dollarThe Indian rupee opened 7 paise lower at 85.47 against the US dollar on Tuesday, compared to its previous close of 85.40.read more :-Rupee Gains 04 Paisa, Closes at 85.40
Rupee Strengthens 04 Paisa Against Dollar, Closes at 85.40The Indian rupee on monday higher 04 paise to close at 85.40 per dollar, while it opened at 85.44 in the morning.India's benchmark Sensex closed 270 points lower at 82,059, while the Nifty ended 74 points down at 24,945. On the BSE, 2,524 stocks advanced, 1,571 declined, and 178 remained unchanged.read more :-port curbs on bangladesh imports may create Rs 1,000 crore biz for textiles
Import Curbs May Boost ₹1,000 Cr Textile Biz in BangladeshIndia's ban on imports from Bangladesh through the land ports could generate an additional business of more than ₹1,000 crore for the domestic textile industry, said industry experts. However, certain branded garments may see some supply issues in the winter season, which could raise prices of items like T-shirts and denims 2-3%.The director general of foreign trade (DGFT) in a notification on Saturday banned imports of garments and several other products from Bangladesh through land routes, but allowed them to be shipped in via Kolkata and Nhava Sheva ports.The local industry had been demanding restrictions on imports, concerned about a double-digit growth in textile imports from Bangladesh due to zero import duty.The move is also expected to curb the back-door import of Chinese fabric, which otherwise attracts 20% import duty.The trade and industry unanimously think that Bangladesh will lose more than India due to change in the import policy."India is not going to lose much... It will be difficult for Bangladesh to import by sea route through containers over the land route, which took a couple of days," said Bimal Bengani, chairman (eastern region) at Federation of Indian Export Organisations (FIEO).Boost Local Manufacturing: The ban on land route imports from Bangladesh may boost local manufacturing, industry insiders said."We were importing garments worth ₹6,000 crore annually from Bangladesh. We can now expect imports worth ₹1,000-2,000 crore to be replaced with Indian manufacturing," said Sanjay K Jain, chairman of National Textile Committee, Indian Chamber of Commerce (ICC).Indian companies have been importing woven and knitted apparel from Bangladesh due to the zero-duty advantage."With this move (ban on imports via land routes), the reduction in imports will help strengthen domestic production and support local manufacturers," said Prabhu Dhamodharan, convenor of Indian Texpreneurs Federation, which represents the entire value chain of the textile industry.According to industry estimates, India meets between 1-2% of its apparel consumption through imports, while Bangladesh accounts for about 35% of total garment imports in the country."This move would also reduce the backdoor entry of Chinese fabrics into India (without duty) that were getting converted in Bangladesh and being sent to India duty free," Jain said.Supply Disruption: All the leading Indian brands as well as the global brands present in India source between 20% and 60% garments from Bangladesh, according to industry estimates.The supply chains of these brands and many MSME units are expected to be disturbed in the short term."Buyers will be impacted as temporarily their supply chain will be disrupted and would have higher cost and lead time," Jain said.read more :- Maharastra : Cotton to dominate Kharif sowing in Wardha district
Cotton to Dominate Wardha’s Kharif SeasonNagpur : Cotton will be the leading crop in Wardha district this Kharif season, with over 2.24 lakh hectares planned for its sowing out of the total 4.30 lakh hectares earmarked for cultivation.According to district agricultural officials, cotton will account for more than half of the total sowing area. It is followed by soybean on 1.38 lakh hectares, tur (pigeon pea) on 60,670 hectares, jowar (sorghum) on 5,000 hectares, and other crops on around 1,684 hectares.To support this large-scale cultivation, the district will require approximately 11.24 lakh seed packets of cotton (5,343 quintals), making it the single largest demand among all crops. The demand for Soybean seeds stands at 62,388 quintals, tur at 2,548 quintals, and jowar at 400 quintals.Guardian minister Pankaj Bhoyar has urged officials to ensure the timely availability of seeds as per the projected demand. "Make sure the district has enough seeds stocked up — especially for cotton and soybean," he emphasised during a recent review meeting.The overwhelming preference for cotton reflects the crop's commercial value and historical importance in the region. Agriculture experts attribute this trend to favourable climatic conditions, market demand, and the availability of improved seed varieties.District superintendent agriculture officer Shankar Totawar provided these figures during a detailed presentation of the Kharif season plan, highlighting that seed stock planning and distribution is already under way.read more :- Rupee Rises 7 Paise to 85.44/USD
The local currency opened at 85.44 against the US dollar, compared to the previous close of 85.51.Indian rupee opened 7 paise up on May 19 to 85.44 against the US dollar after dollar index eased.read more :- Arvind Warns of Margin Pressure Amid US Tariff Impact
Indian apparel maker Arvind warned on Thursday that margins could be under pressure in the current financial year as it may partially absorb the impact of US tariff policy.The company will take steps to reduce costs and increase volumes to ease margin pressure and plans to issue forecasts for the financial year "at a later stage".US retailers are negotiating with suppliers on how the costs of tariff impositions will be distributed.India is still in a relatively favourable position due to higher tariffs imposed on major US apparel suppliers such as Bangladesh, Vietnam and China from July."As an immediate result of this, we are seeing an increase in demand for apparel and clothing, and positive signals from key US customers, indicating an increase in business," Arvind said.According to the company's annual report, exports will account for nearly 40% of the company's annual revenue in FY24.Arvind said a part of the volume gains could come following the UK-India free trade agreement. Currently, the UK contributes less than 2% to the company's turnover."The latest free trade agreement with the UK...opens up a new important geography for the company," it said.read more :-Weekly Summary Report : Cotton Bales Sold by Cotton Corporation of India (CCI).
CCI Weekly Cotton Bale Sales ReportCotton Corporation of India (CCI) conducted online bidding for cotton bales throughout the week, with the summary of daily sales being as follows:13 May 2025: Daily sales were recorded at 6,300 bales (2024-25) and 1,400 bales (2023-24), comprising 4,900 bales (2024-25) and 700 bales (2023-24) in the Mills session and 1,400 bales (2024-25) and 700 bales (2023-24) in the Traders session.May 14, 2025: Total 4,200 bales recorded, including 1,900 bales (2024-25) and 2,300 bales (2023-24), including 1,800 bales (2024-25) and 1,600 bales (2023-24) in Mills session and 100 bales (2024-25) and 700 bales (2023-24) in Traders session.15 May 2025: Total 1,200 bales (2024-25) and 1,100 bales (2023-24) were recorded, including 1,200 bales (2024-25) and 400 bales (2023-24) in Mills session and 700 bales (2023-24) in Traders session.16 May 2025: Highest sales of the week were 10,200 bales (2024-25) and 100 bales (2023-24), including 7,900 bales (2024-25) and 100 bales (2023-24) in Mills session and 2,300 bales (2024-25) in Traders session.Weekly Total: During the week, CCI sold 24,500 (approx.) cotton bales, successfully using its online bidding platform to streamline transactions and support trading.SiS is committed to updating you in real time on all textile related news.read more :-US Cotton Cultivation: Cotton cultivation in the US will decline by 14 percent
US Cotton Cultivation to Drop 14%Cotton cultivation in the US is expected to decline by 14 percent this year. Cultivation of extra long staple cotton is also likely to decline by 24 percent. The United States Department of Agriculture (USDA) has also forecast that global cotton production will remain low due to the possibility of reduced production in countries like China, India, Australia and Turkey.The US cotton season starts before the Indian season. Therefore, developments in the US cotton market have an impact on cotton prices in India. Sowing of cotton as well as soybean, maize and wheat has accelerated in the US.Rains were delayed in important cotton producing areas of the US. The southern and southeastern states of the United States did not receive enough rain. Therefore, cotton sowing was delayed. But now sowing has picked up pace. About 30 percent of cotton sowing has been completed. About 33 percent of planting was done during this period last year.Cotton cultivation will decreaseThis year, cotton sowing in the United States is likely to decrease. Last year, American farmers got low prices for cotton. Soybean prices were also low. But they got good profits from corn. Therefore, this year cotton and soybean cultivation is expected to decrease and corn cultivation is expected to increase.This year, cotton sowing by American farmers is likely to decrease by 14 percent. This year, cotton is estimated to be cultivated on about 9.7 million acres of land. There is a possibility of a decrease of about 24 percent in the cultivation of extra long fiber cotton.Impact on global cotton productionThe US Department of Agriculture has estimated a decline in global cotton production in the new season. Cotton production is expected to decline in countries like India, China, Australia and Turkey. Global cotton production is estimated to reach 1,508 million bales. 1,549 lakh bales have been produced in the current season.Soybean will decrease, corn will increaseSoybean cultivation in the United States also reached 54 percent. Soybean planting in the United States is expected to fall by 4 percent this year. Corn planting is 65 percent complete. Corn cultivation is expected to increase by 5 percent this year. The US Department of Agriculture estimates that sorghum cultivation will increase by 4 percent and peanut cultivation by 8 percent.read more :-Maharashtra: Farmers turn to illegal herbicide-tolerant cotton seeds again
Maharashtra Farmers Reuse Illegal HT Cotton SeedsNagpur : As the sowing season nears, illegal herbicide-tolerant (HT) cotton seeds are once again available in the market. HT seeds, which are genetically designed to be resistant to glyphosate-based herbicides, have not been permitted for commercial use by the Centre. This is because Mahyco-Monsanto, the company that introduced the technology, abandoned trials more than a decade ago. Since trials were not complete, permission was not granted by the environment ministry.However, illegal multiplication of seeds continued and supplies began to pour into Vidarbha and other cotton-producing regions of the country. Farmers who spoke on the condition of anonymity said they are keen to buy seeds that are easily available in the market. This is because it significantly reduces the cost incurred due to manual weeding. They can simply get rid of the weeds by spraying glyphosate-based herbicides.Farmers said that earlier many farmers had bought fake seeds in the name of HT cotton. However, grey market operators have also started improving its quality. The seeds are smuggled mainly from Gujarat and Telangana. A farmers' organization called Shetkari Sangathan has been raising the demand to legalize the cultivation of HT cotton. The activists of the organization have protested from time to time by openly sowing HT seeds and have challenged the government to take action against them.read more :-Donald Trump said US will set tariff rates for other countries in a few weeks
Trump: U.S. to Set New Tariff Rates SoonPresident Donald Trump said he would set tariff rates for US trading partners in the next two to three weeks, saying his administration did not have the ability to make deals with all of its trading partners.Trump said on Friday that Treasury Secretary Scott Bessant and Commerce Secretary Howard Lutnick would "send out letters to people telling them" what they would pay to do business in the United States."I think we're going to be very fair. But the number of people who want to meet with us is not going to be possible," the president said during a meeting with trade executives in the United Arab Emirates.The US president insisted there were "150 countries that want to make a deal." He did not say how many or which countries would receive the letters.The White House and Commerce Department did not immediately respond to requests for comment overnight in the US.Trump announced higher tariffs on dozens of trading partners on April 2, but later put them on hold for 90 days to give foreign governments time to negotiate as investors panicked. Yet in recent weeks the president has moved away from the idea that he would negotiate back and forth with every partner.While the Trump administration is prioritizing trade talks with more than a dozen countries, a lack of manpower and capacity makes it impossible to negotiate concurrently with all the countries caught up in the president's so-called reciprocal tariff plan.Tariffs are imposed at the border by U.S. Customs and Border Protection, but the extra costs are often partially or entirely passed on to American consumers.Earlier this month, Trump said he would set the level of tariffs for several countries wanting to avoid higher duties.Negotiations are still ongoing with several economies, including Japan, South Korea, India and the European Union. Trump recently agreed to a trade framework with the UK and reciprocal temporary tariff cuts with China to buy more time for negotiations.The US president said on Thursday that New Delhi had proposed to reduce tariffs on American goods, an offer that the Indian government did not confirm."We have four or five other deals coming immediately," Trump said on May 9, promoting his UK blueprint. "We have many more deals coming. Eventually, we're just signing the rest of the deals."read more :-India’s Apparel Exports See Strong Growth In April, Led By US Demand
India's Apparel Exports Surge in April on Strong US DemandDuring April 2025, Indian textile exports were about 2.61 per cent higher as compared to the same month last year, while apparel exports registered a growth of 14.43 per cent during the monthIndia's Textile & Apparel (T&A) exports have continued their upward trajectory, recording a growth of 7.45 per cent in April 2025 compared to the same month of the previous year. This positive trend was primarily driven by the strong performance of the apparel segment, which registered a robust 14.43 per cent growth year-on-year, an analysis of the data released by the Ministry of Commerce showed.Confederation of Indian Textile Industry (CITI) Chairman Rakesh Mehra said: "The current growth of 14.43 per cent in apparel exports seems to be mainly driven by increased shipments to the United States, following the announcement of reciprocal tariff measures by the U.S. administration."Mehra also welcomed the signing of the India–UK Free Trade Agreement (FTA), which is expected to provide further impetus to India’s T&A exports by improving market access of Indian products in the UK market and expressed his optimism for increased T&A exports in the months to come.During April 2025, Indian textile exports were about 2.61 per cent higher as compared to the same month last year, while apparel exports registered a growth of 14.43 per cent during the month to touch the $ 1.37 billion mark compared with $ 1.2 billion in April last year.The April figures reflect an acceleration in the growth rate as the Indian T&A sector posted a growth of 6.3 per cent during 2024-25 compared to 2023-24.India total exports of goods and services clocked a robust 12.7 per cent growth in April to touch the $73.80 billion mark compared with the corresponding figure of $65.48 billion during the same month last year, despite the global economic uncertainties triggered by the US tariff hikes, according to figures released by the Commerce Ministry on Thursday.read more :-India-UK FTA to strengthen textile exports, improve margins of Indian exporters: Report
India-UK FTA to Boost Textile Exports, Raise Exporter MarginsThe India-UK Free Trade Agreement (FTA) is expected to strengthen India's textile exports, improve margins for existing and emerging textile exporters, according to a report by Systematix Research.The report stated that the Free Trade Agreement (FTA) is set to strengthen the export pipeline, improve margins, and drive scale for India's existing and emerging textile exporters catering to the UK markets.It said "The FTA is set to strengthen the export pipeline, improve margins, and drive scale for India's existing and emerging textile exporters catering to the UK markets; the full impact would be felt by FY27".The full impact of this agreement is expected to be felt by FY27, as Indian textile companies gradually gain stronger access and price competitiveness in the UK market.The report also mentioned that the FTA, which marks a major milestone in the trade relations between India and the UK, was finalized after more than three years of negotiations.One of the most significant aspects of the agreement is the elimination of the 8-12 per cent import duty that the UK levied on India's textile and apparel (T&A) exports.This move removes a major trade barrier and puts Indian exporters on an equal footing with countries like Bangladesh, Turkey, Pakistan, Cambodia, and Vietnam, which already enjoy duty-free access to the UK under different trade arrangements.According to the Systematix Research report, the FTA will not only boost near-term gains but also enhance India's long-term credibility as a trusted trade partner. This could serve as a model for future FTAs with other developed nations.The report also highlighted that the positive outlook for India's textile sector is based on multiple factors. These include strong demand visibility supported by normalizing inventories at the global retailer level, comparatively lower tariffs by the US on Indian goods compared to other competing nations, and the India-UK FTA.In addition, rising labour costs in Vietnam and political instability in Bangladesh are shifting global sourcing trends in India's favour.India's well-established production base and continued government support are also expected to contribute significantly to the long-term growth of the textile industry.Overall, the India-UK FTA is poised to unlock new opportunities for Indian textile exporters, making them more competitive in one of their key markets and laying the foundation for sustained growth in the sector. (ANI)read more :-Rupee lower 24 Paisa Against Dollar, Closes at 85.51
The Indian rupee ended 24 paisa lower on Friday at 85.51 to the dollar, while it opened at 85.27 in the morning.At close, the Sensex was down 200.15 points or 0.24 percent at 82,330.59, and the Nifty was down 42.30 points or 0.17 percent at 25,019.80. About 2525 shares advanced, 1312 shares declined, and 134 shares unchanged.read more :-Donald Trump says India has offered a trade deal with 'literally no tariffs'
Trump Claims India Offered Tariff-Free Trade DealIndia-US trade deal: US President Donald Trumpon Thursday claimed that India had put forward a proposal for a trade agreement with "no tariffs" or 'zero tariffs". Trump said that India has proposed eliminating import duties on American products. Trump said that Indian authorities have put forward a proposition that would essentially remove all import taxes on US merchandise.The Indian government aims to secure a trade agreement with America during the 90-day suspension declared by Trump on April 9 regarding tariff increases for significant trading partners, which had incorporated a 26% duty on India."It is very hard to sell in India, and they are offering us a deal where basically they are willing to literally charge us no tariffs," Trump said in a meeting with executives in Doha, according to a Reuters report.The United States maintains its position as India's primary trading partner, with the total bilateral trade reaching approximately $129 billion in 2024. Currently, India holds a favourable trade position, maintaining a surplus of $45.7 billion in its trade dealings with the United States.Last week, Reuters reported that India has offered to lower its tariff gap with the US to less than 4% from the present 13%, aiming to gain exemption from Trump's current and upcoming tariff hikes, according to two sources close to the bilateral negotiations.Both nations are striving for a quick resolution.Following the Trump administration's recent 'breakthrough deal' with Britain, which saw reduced British duties on US goods while maintaining America's 10% baseline tariff on British imports, a potential template has emerged for talks with other trade partners.According to two Indian government officials directly involved in the talks, New Delhi has suggested removing duties on 60% of tariff lines in the first stage of negotiations, as disclosed to Reuters.read more :- Indian Rupee Opens Firm, Rises 27 Paise to 85.27 vs Dollar
| title | Created At | Action |
|---|---|---|
| India's $100-bn textile export target hinges on MSME: Primus Partners | 20-05-2025 18:52:29 | view |
| Industrial production up by 1.9% in EU in March: Eurostat | 20-05-2025 18:47:23 | view |
| Rupee Falls 7 Paise to 85.47 vs Dollar | 20-05-2025 17:17:32 | view |
| Rupee Gains 04 Paisa, Closes at 85.40 | 19-05-2025 22:58:40 | view |
| port curbs on bangladesh imports may create Rs 1,000 crore biz for textiles | 19-05-2025 18:52:48 | view |
| Maharastra : Cotton to dominate Kharif sowing in Wardha district | 19-05-2025 18:34:56 | view |
| Rupee Rises 7 Paise to 85.44/USD | 19-05-2025 17:25:36 | view |
| Arvind Warns of Margin Pressure Amid US Tariff Impact | 17-05-2025 19:06:19 | view |
| Weekly Summary Report : Cotton Bales Sold by Cotton Corporation of India (CCI). | 17-05-2025 18:46:47 | view |
| US Cotton Cultivation: Cotton cultivation in the US will decline by 14 percent | 17-05-2025 18:24:59 | view |
| Maharashtra: Farmers turn to illegal herbicide-tolerant cotton seeds again | 17-05-2025 17:43:38 | view |
| Donald Trump said US will set tariff rates for other countries in a few weeks | 17-05-2025 01:00:53 | view |
| India’s Apparel Exports See Strong Growth In April, Led By US Demand | 17-05-2025 00:41:29 | view |
| India-UK FTA to strengthen textile exports, improve margins of Indian exporters: Report | 17-05-2025 00:18:53 | view |
| Rupee lower 24 Paisa Against Dollar, Closes at 85.51 | 16-05-2025 22:57:57 | view |
| Donald Trump says India has offered a trade deal with 'literally no tariffs' | 16-05-2025 18:32:26 | view |
