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Giriraj Singh, Mohan Yadav participate in National Textile Ministers' Conference in GuwahatiGuwahati: Union Textiles Minister Giriraj Singh and Madhya Pradesh Chief Minister Mohan Yadav participated in the National Textile Ministers' Conference 2026 in Guwahati on Thursday.On the occasion, Singh and Yadav, along with Union Minister of State for Textiles Pabitra Margherita, inaugurated a handloom and handicrafts exhibition showcasing India's art, traditions, and craftsmanship.In a post on the social media platform X, Singh said the exhibition offers a powerful glimpse into India's heritage and reflects the vision of strengthening tradition while ensuring continuous development."Today, during the National Textile Ministers' Conference in Guwahati, inaugurated the Handloom and Handicrafts Exhibition along with the Hon'ble Chief Minister of Madhya Pradesh, Dr. Mohan Yadav, and the Hon'ble Minister of State for Textiles, Shri Pabitra Margherita. This exhibition offers a powerful glimpse into India's art, tradition, and craftsmanship. Our vision is clear – to ensure that India's heritage remains strong while development continues in a sustainable manner," Singh wrote on X.According to an official statement, Chief Minister Yadav will also hold discussions with the Assam government on the exchange of wildlife between the two states.He said that Madhya Pradesh and Assam had previously discussed the reintroduction of wild buffaloes, which have become extinct in Madhya Pradesh, and also the possibility of bringing rhinos to the state.Yadav further stated that following a request from Assam's Chief Wildlife Warden, an agreement has been reached to transfer tigers and crocodiles from Madhya Pradesh to Assam."Proposals related to the exchange of wildlife have been sent to the central government," he said.The Chief Minister also said that cooperation between the two states in eco-tourism and wildlife tourism is expected to increase, and these issues will be discussed with Assam Chief Minister Himanta Biswa Sarma. The two-day National Conference of Textile Ministers in Guwahati is focusing on investment promotion, job creation, innovation, skill development, and production aligned with market demand.The conference is also discussing traditional handlooms and handicrafts, modern textiles, technical textiles, apparel, and export potential.During the conference, Yadav will present Madhya Pradesh's textile policy and investment opportunities, while the event will also provide states with an opportunity to share best practices and explore partnerships in the textile sector.read more :-500% tariff warning: Panic in Dalal Street

500% US Tariff Threat Rocks Dalal StreetExport-oriented textile and shrimp stocks witnessed heavy selling pressure on January 8 after US President Donald Trump approved a bipartisan sanctions bill. The bill proposes imposing a massive 500 percent tariff on countries, including India, that continue to trade with Russia.(SIS)These stocks have remained volatile since Trump returned to power and increased tariffs on Indian imports to 50 percent, citing New Delhi's purchase of Russian oil.Republican Senator Lindsey Graham said the bill would give the US an opportunity to put additional pressure on countries "fueling Putin's war machine" by buying Russian oil. He said the legislation, backed by Trump, could be brought to a bipartisan vote as early as next week, even as diplomatic efforts to end the Ukraine war continue.(SIS)According to the US Congress website, the proposed Sanctioning of Russia Act of 2025 also seeks to penalize individuals and entities and increase duties on all goods and services imported from Russia into the US by at least 500 percent, signaling a massive escalation in economic pressure.Graham said the bill would empower the US president to take action against countries buying discounted Russian oil, which Washington believes is helping to finance Moscow's war efforts. "This bill will allow President Trump to punish countries that buy cheap Russian oil, which is fueling Putin's war machine," he said, naming China, India, and Brazil as potential targets.(SIS)This development comes at a time when the long-pending India-US trade agreement remains in limbo despite several rounds of talks between officials from both countries.(SIS)read more :- INR Drops 07 Paise, Closes at 90.02 per Dollar

The Indian rupee on thursday lower 07 paise to close at 90.02 per dollar, while it opened at 89.95 in the morning.At close, the Sensex was down 780.18 points or 0.92 percent at 84,180.96, and the Nifty was down 263.90 points or 1.01 percent at 25,876.85. About 974 shares advanced, 2870 shares declined, and 137 shares unchanged.read more :- Garment exporters under pressure from US tariffs, AEPC chief seeks relief and budget support

New AEPC chief seeks trade relief, Budget support as US tariff squeezes apparel exportersA Sakthivel, Founder of Tiruppur-based Poppys Knitwear Pvt Ltd, is considered the father of the apparel industry. With over five decades in the industry, he assumed charge as Chairman of the Apparel Export Promotion Council (AEPC) on Tuesday for a record fifth term. In his first interview to a media house after taking over as Chairman, Sakthivel shares with businessline his views on how US tariffs are affecting textile exporters, besides a host of other topics.The US tariff is the biggest issue currently facing the textiles industry. How is the industry going to handle it if this prolongs?The industry is making efforts to diversify export markets beyond the US, especially towards Russia, Japan, South Korea, Chile, and South Africa. The recently concluded FTAs with the UK, New Zealand and Oman will help exporters diversify into these markets and improve the global position of the Indian apparel industry.The industry is also intensifying efforts to scale efficiencies, higher value-added product manufacturing, and fast-tracking sustainability compliance in line with global buyer requirements. This will partially offset the tariff burden. Engagement with the Government is ongoing to seek appropriate trade reliefs and targeted market-linked support schemes to neutralise the tariff disadvantage faced by Indian exporters.The industry is strongly advocating expeditious conclusion of the India–US Bilateral Trade Agreement negotiations to achieve a long-term resolution to the tariff issue.Has the industry accepted the increased US tariffs?The industry has not accepted the increased tariff as a permanent reality, but is managing pragmatically in the short term. India faces a 50 per cent tariff - higher than Bangladesh, Vietnam (20 per cent), and Cambodia/ Indonesia/ Malaysia (19 per cent).What is your primary agenda as chairman of AEPC?The foremost will be product and market diversification. We need to promote export of man-made fibre garments for which global demand is high and we have a scant share. India’s apparel export is highly cotton-centric and its apparel exports are largely concentrated in the US, EU, and UK.We need to diversify exports towards non-conventional and non-traditional destinations. The focus will be on making Indian apparel exports sustainable, especially in view of recent and upcoming EU regulations around sustainability.What is the industry’s demand from the Union Budget?The industry wishes for strengthening interest subvention under the Export Promotion Mission, including enhancement of the interest subvention rate from 2.75 per cent to 5 per cent and relaxation of the current annual value cap of ₹50 lakh per year, to ease credit constraints for MSME exporters.We need reintroduction of a concessional tax rate of 15 per cent under the Income Tax Act to incentivise new manufacturing companies and boost investments in the sector. We need provision of accelerated depreciation benefits for apparel exporters to strengthen the liquidity position and global competitiveness of Indian exporters.The loan moratorium falling due between September 1 and December 31, 2025 must be extended. The industry wants introduction of a new Technology Upgradation Scheme focused on micro units in the MSME segment, in view of the expiry of ATUFS and the non-coverage of micro enterprises under the PLI scheme, to stimulate capital upgradation.The industry in Tiruppur is the worst affected. Hailing from Tiruppur, is there anything that you wish to do for your hometown?Given the inability to compete on price in the short run, Tiruppur exporters are encouraged to leverage their strong sustainability, compliance, and responsible manufacturing credentials as key differentiators.Tiruppur is known as the knitwear capital of India. This is the right time to transform it into the apparel capital of India through greater product diversification across all apparel categories, including woven products.We will encourage Tiruppur manufacturers to establish factories to make swimwear, pullovers and jerseys, brassieres and sportswear.read more :- Sharp jump in cotton imports from zero duty window

Cotton imports zoom as traders reap zero duty window benefit.India imported cotton at a record pace, procuring nearly 3 million bales in the December quarter, as buyers rushed to take advantage of the duty-free window till the year-end.This could lead to a second consecutive year of record imports in FY26 amid lower domestic production, rain-damaged crop quality, and higher local prices.Trade bodies, global merchants, and textile mills estimate that total imports during the October-September cotton marketing season could reach 5-6 million bales, depending on government policy, US tariffs, and trade pacts with the EU and the UK.Acting on a longstanding demand from the cotton textile and yarn industry, the government scrapped a 11% import duty on cotton from August 19 till December 31. The industry had anticipated shortages as the area under cotton cultivation has been declining for the past two years.Cotton acreage fell 3.5% in kharif 2025 from the year earlier, adding to a sharper 9.5% decline in kharif 2024 over 2023."The top 10 mills in the country have covered their cotton requirements until May or June through imports," said Atul Ganatra, chairman, Radhalakshmi Group and former president of the Cotton Association of India (CAI).In addition to the strong imports in the first quarter of the cotton marketing year, the industry expects another 2-3 million bales to be imported in the rest of the year.A key reason is the widespread damage to the quality of Indian cotton due to adverse weather conditions. "The quality of at least 50% of this year's cotton production has been affected, which is reflected in parameters such as strength and shine," said K Selvaraju, secretary general of the Southern India Mills Association (SIMA).Export commitments require specific grades of cotton that are contamination-free and of extra- long staple (ELS), for which India depends on imports. "We will import 300,000 bales of Australian cotton between June and August. At least 500,000 bales of duty-free extra-long staple cotton will be imported by September to meet our normal demand for this variety. More than 500,000 bales may also come from Africa, which attracts lower duties," said Ganatra.Cotton imported by processing mills for their captive consumption attracts only 4% import duty. Large mills can import at lower effective duties when domestic prices remain higher than international prices.Meanwhile, state-owned Cotton Corporation of India (CCI) is holding more than 20% of this year's crop through price support procurement at the minimum support price.read more :-Bangladesh proposes safeguard tariff on Indian cotton yarn imports

Bangladesh Textile Industry Seeks Safeguard Duty on Indian Cotton Yarn ImportsNagpur: Bangladesh’s textile industry is pushing for the imposition of a 20% safeguard tariff on imports of cotton yarn, blended yarn, and grey mélange from India. The proposal comes amid political and economic uncertainty ahead of elections, with industry players seeking protection for domestic manufacturers.A safeguard tariff is a temporary duty imposed to shield local industries from rising imports. According to reports, a note by a foreign trade research officer in Bangladesh has been circulated among key authorities, including the trade and tariff commission and commerce ministry, recommending the duty. The matter was discussed in a meeting held on January 5, although no official decision has been announced yet.The development has raised concerns in India, particularly among textile manufacturers in regions like Vidarbha, where a significant portion of yarn production is exported to Bangladesh. Industry leaders warn that such a move could deal a double blow—impacting both yarn exports and domestic cotton prices.The timing is critical, as India recently reinstated an 11% import duty on raw cotton from January 1, after temporarily lifting it in August. While the earlier duty relaxation allowed cheaper imports and supported the textile sector, the reimposition has already pushed domestic cotton prices closer to the Minimum Support Price (MSP) of ₹8,110 per quintal for premium grades.Higher cotton costs are squeezing margins for Indian textile manufacturers. If Bangladesh goes ahead with the safeguard tariff, it could further weaken India’s export competitiveness in a key market.According to industry estimates, nearly 30% of yarn produced in Vidarbha—around 3,000 tonnes per month—is exported to Bangladesh, with about 45 manufacturing units dependent on this trade. Any disruption could lead to a surplus in the domestic market, potentially dragging down yarn and cotton prices.The demand for a safeguard duty in Bangladesh is reportedly linked to misuse of duty-free import provisions. Certain licensed importers were allowed to import yarn from India duty-free, provided it was used for export-oriented garment production. However, authorities found that some firms diverted these inputs to produce garments for the domestic market, distorting trade practices.Industry experts believe that any tariff imposition could significantly alter trade dynamics between the two countries, affecting both textile exports and the broader cotton value chain.Read More :- Rupee opens 07 paise down at 89.95

The Rupee opened 07 paise lower at 89.95 against the US dollar.Indian rupee opened marginally lower at 89.95 per dollar on Thursday versus Wednesday's close of 89.88.read more :- Soft cotton prices increased in Srikaranpur

Increase in the price of soft cotton in SrikaranpurRamesh Bansal, Chairman of the Srikaranpur Municipality and a leading cotton trader at the grain market, cited several reasons for this surge in cotton prices. He explained that the central government had waived the import duty on cotton during October, November, and December. However, an 11 percent import duty was reimposed from January 1st.According to Bansal, the increasing demand for cotton from textile factories is also a major factor contributing to the price increase. These factors have led to a continuous upward trend in cotton prices in the market.Rakesh Dhuria, manager of shop number 179, M/s Karam Singh Harnek Singh, at the grain market, provided details of a specific sale. He stated that Balraj Singh, son of Avtar Singh Gill, a resident of Moda, had brought his cotton to their shop.Due to the high quality of the cotton and the prevailing market trend, Balraj Singh's cotton was sold at a rate of Rs. 7796 per quintal. Approximately 20 quintals of this consignment were purchased by M/s Baburam Ramswaroop and another 20 quintals by M/s Singla Industries. This surge in cotton prices has created a positive atmosphere in the market.read more :- INR Gains 29 Paise, Closes at 89.88 per Dollar

The Indian rupee on wednesday higher 29  paise to close at 89.88 per dollar, while it opened at 90.17 in the morning.At close, the Sensex was down 102.20 points or 0.12 percent at 84,961.14, and the Nifty was down 37.95 points or 0.14 percent at 26,140.75. About 1939 shares advanced, 1886 shares declined, and 140 shares unchanged.read more :- Cotton prices firm: End of import duty exemption, impact of Bangladesh tariffs? 

Cotton Prices: Cotton Prices Strengthen After Import Duty Exemption Ends; Will Bangladesh's Tariff Plans Have an Impact?Cotton prices have improved in major markets across the country after the import duty exemption on raw cotton expired on December 31.  According to trade sources, raw cotton prices have increased by Rs 400 to 500 per quintal in different markets. Despite this increase, prices still remain below the Minimum Support Price (MSP) of Rs 8,100 per quintal.Meanwhile, a new concern is emerging for the Indian cotton and yarn market from Bangladesh. Bangladesh, which has been the largest buyer of Indian yarn for the past few years, is now considering imposing tariffs on imports to protect its domestic yarn producers. The Bangladesh Trade and Tariff Commission recently discussed a proposal to impose a 20 percent duty on yarn imports in a meeting, although no official announcement has been made yet.Apprehension of Impact on Indian Yarn ExportsAccording to Atul Ganatra, former president of the Cotton Association of India, if Bangladesh imposes a duty on yarn imports, it will directly impact India's domestic yarn market. India exports approximately 30 percent of its total yarn production, while domestic consumption accounts for about 70 percent. Bangladesh is a major importer of Indian yarn, and a tariff there could reduce the competitiveness of Indian yarn. Trade sources believe that Bangladesh might impose a duty of between 10 and 20 percent. This would increase the landed cost of Indian yarn, making it more expensive in the Bangladeshi market.Improvement in Domestic Market PricesAfter the expiry of the import duty exemption, prices have increased in several cotton-producing regions of the country. According to Ramanuj Das Boobh, a sourcing agent from Raichur, raw cotton prices have risen to Rs 8,000 per quintal, compared to around Rs 7,500-7,600 a week ago. Meanwhile, pressed cotton prices have also increased by ₹1,000 to ₹1,500 per candy (356 kg). He said this is an opportune time for the Cotton Corporation of India (CCI) to announce the price for the 2025-26 crop, as any delay could lead mills to enter into more import contracts.Procurement and Stock SituationThe government agency, Cotton Corporation of India (CCI), is actively procuring cotton at the Minimum Support Price (MSP) and has so far purchased over 68 lakh bales. Prices have also increased by ₹400–500 per quintal in the Khandesh region of Maharashtra. According to Pradeep Jain, founder president of the Khandesh Gin Press Factory Owners Association, approximately 40 percent of the crop in the region has arrived in the markets, while the remaining crop is being held back by farmers, and harvesting is complete.2024-25 Crop Almost Sold OutAkola-based broker Arun Khetan said that the CCI has sold almost the entire 2024-25 season's crop and now has less than three lakh bales in stock. The market expects the CCI to announce a price of around ₹57,000 per candy for the 2025-26 crop.read more :- Rupee opens steady at 90.17 /USD

Rupee opened stable at 90.17 against dollarIndian rupee opened flat at 90.17 per dollar on versus previous close of 90.17.read more :- Cotton yarn prices surged in North India in January 2026.