by DIGITAL MEDIA EXECUTIVE | Apr 20, 2023 | cotton industry, Finance & Economy
The Indian government has been petitioned by the textile sector to waive the 11% import charge on cotton. The levy on cotton imports was established by the Indian government three years ago. At the time, it made sense because Indian cotton was less expensive than...
by DIGITAL MEDIA EXECUTIVE | Apr 20, 2023 | Business & Policy
According to Gautam Hari Singhania, chairman and managing director of Raymond Ltd., which is involved in the real estate and leisure industries among other things, the company plans to increase exports by up to 25%. He stated, “Exports are going well. “The...
by DIGITAL MEDIA EXECUTIVE | Apr 20, 2023 | Finance & Economy
Global Overview Dollar Index The dollar index depreciated 2% in the last month after a series of bank runs and economic data releases indicated that the Federal Reserve would choose to take its foot off the pedal sooner than previously expected. US Fed hiked...
by DIGITAL MEDIA EXECUTIVE | Apr 19, 2023 | Textile Articles
According to AEPC, the textile and apparel industry in India would have robust growth in both manufacturing and exports with the support of sound investments, innovation, and integration with value chains. According to Mithileshwar Thakur, the newly appointed...
by DIGITAL MEDIA EXECUTIVE | Apr 18, 2023 | cotton industry, COTTON PRICE
MARKET OUTLOOK Today, the rupee opened at a level of Rs 82.00 against the dollar with a weakness of 3 paise. On the other hand, on Monday, the rupee closed at a level of Rs 81.97 against the dollar with a weakness of 12 paise. ISLAMABAD: Pakistan textile exports...
by DIGITAL MEDIA EXECUTIVE | Apr 17, 2023 | PRICE REPORT
The 11–13 April trip to Paris and Rome by Union Minister of Commerce and Industry Piyush Goyal is very important. The G20 is now being presided over by India, which also just finished its fourth round of free trade agreement discussions with the EU (FTA). After...
by DIGITAL MEDIA EXECUTIVE | Apr 17, 2023 | PRICE REPORT, Trade Analysis
By 2022–2023, the US will surpass all other trading partners as India’s largest trading partner due to the two nations’ growing economic connections. The bilateral trade between India and the US climbed by 7.65 percent to USD 128.55 billion in 2022–23 from...
by DIGITAL MEDIA EXECUTIVE | Apr 17, 2023 | Import/Export
The dynamics of India’s exports are depicted in soft terms by recent data. Exports of goods have decreased in the past three of the last four months. The March contraction was sharp, coming in at a 13.9% year-over-year decrease. A high base may contribute to the...
by DIGITAL MEDIA EXECUTIVE | Apr 15, 2023 | Country Report, PRICE REPORT
According to the most recent data provided by the commerce and industry ministry, a slowdown in demand for Indian goods from five of its top 10 markets—the United States (US), the United Arab Emirates (UAE), Bangladesh, Germany, and Hong Kong—led to a sharp decline in...
by DIGITAL MEDIA EXECUTIVE | Apr 14, 2023 | Business & Policy
Tamil Nadu’s textile sector has requested export incentives and extra credit support in the Union government’s budget for 2023–24, which will be presented in Parliament on February 1. The Tiruppur textile industry, the first to export textiles from Tamil...
by DIGITAL MEDIA EXECUTIVE | Apr 14, 2023 | cotton industry
MARKET OUTLOOK According to Agriculture Ministry data, India’s cotton production increased to 33.72 million bales (of 170 kg each bale) in 2022-23 crop year (July-June) against 31.12 million bales year before. India’s cotton exports are expected to slide sharply...
by DIGITAL MEDIA EXECUTIVE | Apr 12, 2023 | Finance & Economy
The Union Budget 2023 has several provisions to promote the growth of the textile industry in India. The budget allocates a total grant of Rs. 4,389.34 crore for textiles, which is 22.6% higher than the revised budget grant for 2022-23. The launch of new schemes and...