"India's agricultural sensitivities have been fully protected" in the India-US trade deal, which will reduce American tariffs on Indian goods to 18%, a senior government official told ANI on Tuesday.
Rajesh B. Lund, President of the Chamber of Commerce, Coimbatore, said the industry has "warmly welcomed" the US tariff reductions announced under the new trade initiative. "This is a landmark achievement, and we wholeheartedly appreciate the leadership of Prime Minister Narendra Modi, whose
The reduction in the US import duties, along with forthcoming duty-free trade agreements with the United Kingdom and European countries, will drive remarkable growth in the Indian textile industry. As a result, employment opportunities in the textile sector will multiply significantly.
Mumbai (Maharashtra) [India], February 3: The Hon'ble Union Finance Minister, Smt Nirmala Sitharaman, announced the Union Budget for 2026-27 on Sunday, February 01.
The finalisation of the India-US trade deal has come as a major relief for India's textile and apparel industry, which is now hopeful of regaining its strong position in the US market with more competitive tariffs working in India's favour.
Textiles and Jewellery traders have welcomed the India-US trade deal, expressing enthusiasm over the reduced tariffs, predicting that a tariff of 18 per cent will increase sales by 100 per cent to 150 per cent.
MDMK leader said the state's economic and industrial concerns have largely been ignored, with specific reference to the textile hubs of Coimbatore, Tiruppur, Karur, and Erode.
The Federation of Industry & Commerce of North Eastern Region (FINER) has expressed its satisfaction with the Union Budget 2026-27, describing it as a well-balanced, growth-oriented budget that addresses the needs of industry while maintaining fiscal discipline.
Union Textile Minister Giriraj Singh said, "This is a comprehensive and all-encompassing budget. As the Textile Minister, I can only say that this journey, started by PM Modi in 2014-15 from Rs 15-16 lakh, has now gone above Rs 53 lakh today.
Madhya Pradesh Chief Minister Mohan Yadav on Sunday said that the Union Budget 2026 focuses on the poorer sections of society, the growing youth, farmers, and women, underlining the allocation of Rs 1.4 lakh crores for the state.
"I don't know what course correction he is referring to. The economy and its fundamentals are strong. Global uncertainty is facing many of our sectors, for whom we have brought in so many different schemes for those small and medium enterprises, for textiles, for leather, for people who a