The report stated that if the 50 per cent tariff remains, retailers may need to renegotiate prices with suppliers, and Indian manufacturers will likely have to absorb a significant portion of the cost increase.
Indian textile losses due to the US tariffs are expected to be partly offset by export growth to the United Kingdom, supported by the India-UK free trade agreement (FTA), according to a report by Care Edge Ratings.
The loss incurred due to the imposition of reciprocal tariffs on Indian textile exports to the United States (US) may be offset by a surge in exports to the United Kingdom (UK), buoyed by the recently concluded India-UK Free Trade Agreement (FTA), said CareEdge Ratings in a report.
The Confederation of Indian Textile Industry (CITI) praised the Indian government's decision to extend the exemption of import duty on cotton until December 31, 2025. "CITI would like to extend its deep gratitude to the Hon'ble Prime Minister, all other concerned authorities and different Mi
With the United States set to impose a steep 50 per cent tariff on Indian textile and apparel exports starting August 27, the Confederation of Indian Textile Industry (CITI) has called for urgent government intervention to mitigate the impact on the sector.
Chandrima Chatterjee, Secretary General of CITI, said that the latest policy support on cotton imports is a boost for the textile sector. Speaking to ANI, she said, "It's a great move for the Indian industry, and if that also gives any positive signal to the negotiations, then I think it's a
Indian textile exporters says that exports loss because of U.S the imposition of 25 per cent tariffs by U.S. President Donald Trump will be compensated by gains in exports due to free trade agreements (FTAs) which India's has signed with other nations.
On the second day of the official visit to Japan, Union Minister of Textiles, Giriraj Singh, held a series of high-level meetings with major Japanese companies and inaugurated the 16th India Trend Fair 2025 in Tokyo on Tuesday. The fair is one of the largest platforms for Indian textile expo
New Delhi [India], June 21: In a world where fashion is ever-evolving, Ghunnghat stands tall as a timeless testament to India's sartorial roots, reimagined with a touch of modern grace. What sets this brand apart isn't just its impeccable craftsmanship or its cult-favorite lehengas and drap
Kanchipuram (Tamil Nadu) [India], June 20: In the vibrant and heritage-rich world of Indian textiles, OLDZARI.COM has carved out a unique space as the first-ever online platform dedicated to buying used or old pure zari sarees and other zari-based items across India. What began as a local in
The Indian textile industry has welcomed the India-UK Free Trade Agreement (FTA), calling it a major step towards expanding India's presence in the lucrative UK market.
Mumbai (Maharashtra) [India], April 28: As the Indian textile and apparel sector embraces digitisation, sustainability, smarter production and responsible manufacturing, Gartex Texprocess India emerges as a critical node in this narrative bringing together the textile and garment machinery m