Garments / Textiles
India extends cotton import duty exemption till December 31 to ease textile costs
The Centre has decided to extend the customs duty exemption on cotton imports until December 31, 2026. This extension aims to improve cotton availability, particularly benefiting India's textile sector and reducing costs. Manufacturers and consumers are expected to experience relief due to this measure and its impact on input costs. Small and medium enterprises in the domestic textile industry should see improved market conditions.
Textile PLI scheme likely to be extended by four years with easier norms for MSMEs
The government plans to extend the PLI scheme for textiles for four years with easier criteria. This initiative aims to increase participation from micro, small and medium enterprises. The scheme, initially approved in September 2021, supports large-scale manufacturing of textiles in India. Lowering minimum investment and turnover thresholds is targeted to enhance accessibility for more applicants. Previously approved applicants committed investments of around ₹41,500 crore, surpassing initial projections.
Centre working on integrated tax framework for textile sector to ease duty burden on raw materials and machinery
An integrated tax framework for India's textile sector is being developed to improve competitiveness in global markets. This framework will potentially encompass various duties affecting production stages from raw materials to finished products. The government's focus is on enhancing textile manufacturing, especially in technical textiles and traditional clusters. Industry representatives are advocating for duty exemptions on specific raw materials to support domestic manufacturing viability.
India's textile industry targets $350 billion by 2030 as exports rebound, costs rise: Report
India's textile industry has seen significant growth, expanding to nearly USD 190 billion in FY26. The sector aims for USD 350 billion by 2030, driven by domestic demand and manufacturing investments. Despite challenges like rising cotton prices and trade uncertainties, textile exports grew by 10.3 percent year-on-year in the April-August 2026 period. Notably, the United States remains India's largest export destination, although market diversification is being pursued.
Gap apparel supplier Gokaldas eyes doubling Europe exports share to cut US reliance
Gokaldas Exports, a prominent Indian apparel supplier, expects to increase its export share to Europe significantly. The company currently derives 15% of its exports from Europe, anticipating this to rise to around 25%-30% in three to five years. This change is expected due to a proposed trade agreement between India and the European Union.
PM Modi inaugurates Arvind's garment manufacturing facility in Varanasi
Prime Minister Narendra Modi inaugurated Arvind Limited's garment manufacturing facility in Varanasi, which emphasizes modern production practices and women's employment. This facility aims to create job opportunities and boost the local economy. With a global customer base, it will help promote Varanasi's garments in international markets. Modi interacted with women workers during the event alongside Uttar Pradesh officials. He will also attend the Air Force Day Aerial Display-2026 in Varanasi.
Fabindia looks beyond its 'heritage' to revive growth and cash flow
Revenue increased 6.3% to Rs 1,313 crore in the year ended March, while profit before exceptional items and tax surged 24.4% to Rs 131 crore. Net profit fell to Rs 110 crore from Rs 547 crore a year earlier, when earnings included an exceptional gain from sale of stake in Organic India. The divestment marked Fabindia's exit from the organic foods business, leaving it focused on apparel, home furnishings and lifestyle products.
Uniqlo India net profit rises 41% to Rs 253 cr in FY26; co bets on expansion
Uniqlo reported a significant increase in revenue for the year ended March 2026. The revenue rose 44% year-on-year, reaching ₹1,724 crore as net profit also increased. This growth occurred despite challenges faced by other apparel retailers in India. Uniqlo plans to expand its presence through new stores and enhance customer engagement via digital platforms. The Indian apparel market is projected to grow significantly in the coming years.
Nitin Gadkari's village to become a textile hub? How a handloom project aims to employ 5,000 women and take sarees global
Nitin Gadkari's Dhapewada textile project near Nagpur aims to revive traditional handloom weaving and create employment opportunities for 5,000 women. The initiative produces tussar silk, silk-cotton and cotton sarees and plans to expand into global markets through exports and artificial intelligence. Union Textiles Minister Giriraj Singh said the project could help weaving families earn nearly Rs 30,000 per month throughout the year.
India, Jordan eye deeper textile ties
India and Jordan are embarking on an exciting journey to enhance collaboration in the textiles and apparel industry. A recent high-level delegation from Jordan engaged with Indian officials, discussing opportunities for partnerships across multiple sectors, including fabrics and technical textiles. They are also exploring joint ventures and student exchange programs to bolster trade and deepen mutual ties.
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Karnataka approves Rs 4,000 crore textile policy to attract Rs 20,000 crore investment
Karnataka's new Textile & Apparel Policy aims to attract significant investments while creating numerous jobs over the next five years. The government has designated 34 focus taluks for additional support to promote regional industrial growth. New incentives will also be provided for silk yarn production to enhance the value chain. Special incentives are planned for eligible units in the PM MITRA Park in Kalaburagi.
Textiles ministry plans 5,000-10,000 new exporters in 2-3 years
The textiles ministry plans to identify 5,000-10,000 new exporters across districts over the next 2-3 years to boost India’s global textile market share. It is working with states on district-level export roadmaps to turn production centres into export hubs through better infrastructure, market access and support.
Aastha Spintex to allot 4.41 crore bonus shares
Aastha Spintex will allot 4.41 crore bonus equity shares in a 1:1 issue to its shareholders. The record date for eligibility is set for September 28, and each shareholder will receive one bonus share. Additionally, the company plans to raise its authorized share capital from Rs 45 crore to Rs 100 crore. The company aims to expand its product range into grey and value-added fabric.
India’s jute industry set for turnaround as sales volumes seen rising 15%, margins improve: Crisil Ratings
India's jute sector is poised for an impressive recovery this fiscal year, forecasting a remarkable twenty percent rise in domestic demand following earlier downturns. The drop in raw jute prices is expected to elevate profitability and margins across the board. Enhanced export opportunities combined with innovative value-added products further enhance growth prospects. The sector's financial health is anticipated to improve, buoyed by strong cash generation.
Potential US tariffs threaten India's textile, apparel exports after Russia sanctions law: CITI report
Potential US tariffs could significantly harm India's textile and apparel exports. The industry body CITI is urging the government to engage with Washington urgently. This action is needed to protect Indian exporters from competitive disadvantages in the US market. A balanced trade agreement between India and the US is considered an urgent necessity. While free trade agreements offer potential, they cannot replace the US market's importance.
Co-optex sets Rs 50 lakh Diwali sales target, Rs 1 crore annual sales target: TN Minister Vijay Balaji
Tamil Nadu Minister Vijay Balaji inspected a spinning mill and inaugurated a new Co-optex showroom. He also reviewed the mill's operations and addressed worker grievances during his visit. Meanwhile, Chief Minister C Joseph Vijay held discussions with corporate leaders in London. Key commitments were secured to bolster the state's automotive and renewable energy sectors. These engagements followed a significant MoU signed in August 2026.
