Tag: India’s Textile Sector

Textile sector needs incentive cushion as 50% US tariffs too steep to absorb: Report

The report highlighted that such high tariff levels will lead to erosion of already low margins in the sector, which is struggling to stay competitive in global markets.

September 9, 2025

Tiruppur’s Knitting Industry Seeks Urgent Relief as 50% US Tariff Hits Exports

Tiruppur contributes exports worth ₹45,000 crore globally, of which nearly ₹15,000 crore is bound for the US. With the tariff in place, many American buyers have either held back orders or demanded steep discounts.

September 3, 2025

Govt Extends Cotton Import Duty Exemption Till Dec 2025 to Aid Textile Sector

The exemption, which was earlier applicable from August 19 to September 30, 2025, has now been extended by another three months.

August 28, 2025

Textile sector turning out to be country’s strength: PM Modi highlights success in 124th ‘Mann Ki Baat’

During the 124th episode of his monthly radio show 'Mann Ki Baat', the PM highlighted the textile sector becoming the strength of the country.

July 27, 2025

PLI Scheme – A Game Changer for India’s Textile Sector

Under the Scheme, the minimum investment threshold is ₹100 crore (Part 1) and ₹300 crore (Part 2), with incentive disbursements linked to achieving an incremental turnover of 25%over the previous year.

July 14, 2025