The textile industry in Bhilwara, a city renowned for its extensive fabric production, is currently facing significant challenges as the ongoing crisis in the Middle East casts uncertainty over exports and operations. The situation has escalated as the crisis in the Middle East has begun
India's textile and apparel exports registered a decline in January compared with the same period last year, largely due to high tariffs imposed by the United States that remained in force till February 7.
BJP leader CR Kesavan on Sunday criticised Congress MP and Leader of Opposition in the Lok Sabha, stating that his "devious" attempts to mislead the farmers will go in vain, amid the opposition's backlash at the India-US interim trade deal.
"The question is very clear: America has directly told Bangladesh in its deal that if Bangladesh buys cotton from America, it will have to pay 0% tariff, and if it buys from India, it will have to pay a very high tariff. Bangladesh has also announced that it will no longer buy cotton from
In an 'X' post while replying to Rahul Gandhi, Singh explained that India could not have secured a more balanced and better trade arrangement, asserting that the trade deal is designedholistically to support industry growth while safeguarding the interests of Indian farmers.
BJP MP Nishikant Dubey on Saturday challenged Congress MP and Leader of Opposition in the Lok Sabha Rahul Gandhi over his allegations regarding the India-US interim trade agreement, which Gandhi said would hurt India's cotton farmers and textile exporters.
Jairam Ramesh on Tuesday reiterated his criticism of the India-US interim trade agreement, stating that New Delhi has been "forced to concede more to Washington than it has got".
"Under President Trump's leadership, the United States is pursuing a trade policy that delivers real results for American workers and businesses, strengthening our economic and security partnerships abroad," the statement quoted Greer as saying.
India's recently concluded Free Trade Agreement (FTA) with the European Union is expected to deliver significant gains for several Indian sectors, including textiles, pharmaceuticals, chemicals, agriculture, leather, and marine products, as the EU remains one of India's largest and most impo
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.