The domestic textile sector in India is anticipated to increase by 6–8% this fiscal year after rebounding by 9–10% in the previous fiscal year, according to CRISIL Ratings research. The development in the home market and strong demand from the US, the main export destination, will fuel the boom, it stated, despite some persistent logistical…
Based on the long-term positive outlook for the Indian economy and a strong focus on emerging areas like technical textiles, home furnishings, specialized fabrics, and fashion apparels, the market for Indian textile and apparel manufacturers may reach the $ 350 billion mark by 2030, according to a report. According to a survey by FICCI-Wazir Advisors,…
The Cotton Association of India (CAI), the industry’s leading organization, has urged the Minister of Commerce, Food, and Textiles, to immediately reduce the 11 percent import duty on cotton. Atul S. Ganatra, president of CAI, wrote to Goyal to demand that the government reduce the duty on cotton because domestic prices are 15% higher than…
