The Indian textile and apparel industry has approached the government with a comprehensive set of policy recommendations to counter the severe economic headwinds caused by steep U.S. tariffs, post the second round of a survey conducted by the Confederation of Indian Textile Industry (CITI) i
The conclusion of the India-European Union Free Trade Agreement (FTA) marked a significant boost for India's labour-intensive export sectors, with tariffs on most Indian goods entering the EU reduced or cut to zero.
The India-European Union Free Trade Agreement (FTA) has sparked strong optimism across India's textile sector, particularly in major manufacturing hubs such as Surat, where industry leaders view the pact as a long-awaited catalyst for modernisation, cost efficiency, and export-led growth.
In a press release issued, SIMA Chairman Durai Palanisamy appreciated Prime Minister Narendra Modi and Union Commerce Minister Piyush Goyal for their leadership in bringing the agreement to fruition.
Indian textile industry is set to benefit from the India-EU FTA with exports and has potential to grow from USD 7 billion to USD 30-40 billion very quickly, Union Minister of Commerce and Industry Piyush Goyal said on Tuesday, noting that this could generate 6-7 million jobs in the labour
Prime Minister Narendra Modi has said that the India-EU Free Trade Agreement finalized on Tuesday will provide easy access to the European Union market for India's labour-intensive products, including textiles, gems and jewellery, auto parts, and engineering goods.
States across India are set to benefit from the landmark India-European Union Free Trade Agreement (FTA), with exports estimated at Rs 6.4 lakh crore expected to gain access to 27 EU markets under a single trade framework.
"Textiles remain among the largest employers in the country and a duty-free access to the EU market would be beneficial not only for the sector but also for the broader economy," Singhania said. He added that a favourable agreement with the EU could also strengthen India's position in fut
Highlighting India's rapid economic progress, PM Modi urged industry and start-ups to place a strong emphasis on quality. He said the era of compromising on standards was over and India must now be known globally for top-quality products. "Be it our textiles, technology, electronics or ev
"50 per cent US tariffs and uncertainty are badly hurting India's textile exporters. Job losses, factory shutdowns and reduced orders are a reality of our 'Dead Economy'. Mr Modi has offered no relief or even spoken about tariffs, even though more than 4.5 crore jobs and lakhs of business
The Viksit Bharat Guarantee for Rozgar and Ajeevika Mission (Gramin) (VB-G RAM-G) Act, 2025, marks a historic shift in rural employment policy, the Minister of State for External Affairs & Textiles, Pabitra Margherita, said here on Thursday.