The demand outlook remains strong for the Indian textile sector because of the normalizing channel inventories at the global retailer level, likely tariff hike by US on China, rising labour costs in Vietnam, and ongoing political instability in Bangladesh.
Minister of Textiles, Giriraj Singh on Thursday encouraged investors to seize the growing opportunities in Indian textile sector, warning that staying out of India's market could lead to a fear of missing out, the ministry stated in a statement on Thursday.
The textile industry is seeing signs of recovery, with global retailers and brands reporting that their inventory levels have returned to pre-COVID standards, a recent report of Avendus Spark observed.
Coimbatore (Tamil Nadu) [India], December 19: Cotton Council International (CCI) held its annual Cotton Day in Coimbatore, India, this week, featuring an insightful seminar tying in the Indian cotton textile industry's evolution with its U.S. cotton consumption. CCI Representative Peush Nara
Mumbai (Maharashtra) [India], October 6 (ANI): The US withhold release order on cotton and apparel imports from specific producers in Xinjiang Uygur Autonomous Region (XUAR) may escalate global trade tensions and thus have negative implications on Indian textile sector in the short run, Indi