by TANVI_MUNJAL | Nov 20, 2024 | Finance & Economy, News & Insights
The Indian textile industry is poised for a period of robust growth, driven by a surge in international demand, particularly from the United States. However, rising input costs, primarily for cotton and man-made fibres, threaten to dampen the sector’s...
by TANVI_MUNJAL | Oct 30, 2024 | Business & Policy, News & Insights
The US-India Strategic Partnership Forum (USISPF) President and CEO, Mukesh Aghi, has underscored the pivotal role of exports in India’s journey towards a USD 5 trillion economy. Speaking at a recent USISPF event, Aghi emphasized that exports will be a major...
by TEXTILE VALUE CHAIN | Jul 4, 2024 | Import/Export, News & Insights
Ocean freight rates are expected to hit record highs due to a confluence of global factors, according to industry reports. These factors include: The ongoing crisis in the Red Sea is causing port congestion. Congestion in key ports, particularly in Asia and the Middle...
by TEXTILE VALUE CHAIN | Jun 6, 2024 | Import/Export, News & Insights
In the week ending May 23, 2023, the US saw a total of 222,600 RB of Upland cotton exported, a 10% increase from the previous week and a 25% rise from the prior 4-week average. The US Department of Agriculture’s export sales report highlighted significant sales...
by TEXTILE VALUE CHAIN | Jun 6, 2024 | Import/Export, News & Insights
The largest man-made fabric (MMF) hub in the country is facing tough competition from China, with fabric exports from China to India increasing by 8.79% in the first quarter of 2024. Industry leaders believe this rise is due to Quality Control Orders favoring Chinese...
by TEXTILE VALUE CHAIN | May 17, 2024 | Import/Export, News & Insights
Indian exporters, particularly micro, small and medium enterprises (MSMEs), are facing delays and rising freight costs due to a surge in Bangladeshi cargo being transhipped through the Delhi Air Cargo complex. The Noida Apparel Export Cluster (NAEC), which MSMEs...
by TEXTILE VALUE CHAIN | Mar 30, 2024 | Business & Policy, Import/Export, News & Insights
The decision by the UK government to replace the Generalised Scheme of Preferences (GSP) program with the Developing Countries Trading Scheme (DCTS) has sparked confusion among Indian exporters. As part of the new scheme, the UK has introduced different product...
by TEXTILE VALUE CHAIN | Dec 30, 2023 | Import/Export, News & Insights
To boost India’s export growth and help small and medium-sized enterprises (SMEs) take advantage of government schemes, the government announced on Thursday the extension of export benefits under the Scheme for Remission of Duties and Taxes on Exported Products...
by TANVI_MUNJAL | Nov 3, 2023 | Finance & Economy, News & Insights
After the Remission of Duties and Taxes on Exported Products (RoDTEP), the government might consider extending the Rebate of State and Central Levies and Taxes (RoSCTL) scheme until 2025-26, a move primarily aimed at benefitting the textiles sector, according to...
by TEXTILE VALUE CHAIN | Aug 21, 2023 | Import/Export, News & Insights
Today’s meeting in Semarang, Indonesia, will mark the beginning of the formal ministerial review of the bilateral free trade agreement that the two countries inked more than thirteen years ago. Commerce and Industry Minister Piyush Goyal had previously said that...
by TEXTILE VALUE CHAIN | Aug 7, 2023 | Import/Export
In an effort to increase access to international markets for goods and services, India is reviewing free-trade offers from a number of South American and African nations. While negotiations for a free trade agreement with the UK are expected to be finished before the...
by TEXTILE VALUE CHAIN | Jul 25, 2023 | Start Ups
India’s exports are declining, which has spurred the government to ease compliance requirements for current exporters and create incentives for startups and new exporters. Startups and new exporters are now eligible for airfare reimbursement under the Market...
