Textile Exports

With Donald Trump all set to become US president, Indian exporters may face high customs duties for goods like automobiles, textiles and pharmaceuticals if the new US administration decides to pursue the America First' agenda, opined trade experts.

The Prime Minister said that the government's consistent efforts are giving rise to increased foreign investments in India's textile sector.

Exports, which constitute about 22% of the industry, have fallen for five months in a row - declining over 15% year-on-year in November to $3.1 billion.

The textile industry is committed to achieving the $100 billion export target by 2030. Kashi and Tamil Nadu will play a major role in this, said Union Commerce and Textiles minister Piyush Goyal.

Australia's zero import duty access to India, which was earlier 5 per cent, will provide a level-playing field with exports from China, Vietnam and Bangladesh, the Ratings agency said on today.

The commerce ministry has shared with exporters a list of hundreds of goods such as auto parts and textile that Russia has provided to India for imports, an official said.

India and the 27-nation European Union (EU) will restart negotiations for their long-pending free trade agreement from June

India and Australia signed a trade agreement under which Canberra would provide duty free access in its market to over 95 per cent of Indian goods

India's textiles exports are expected to cross $40 billion during the current fiscal, Textiles Secretary UB Singh said on Wednesday.

The government approved the production-linked incentive (PLI) scheme worth Rs 10,683 crore for the textiles sector on Wednesday, September 8, in order to boost domestic manufacturing and exports

The government on Monday unveiled a scheme for setting up mega textile parks in the country, as part of the Centre's efforts to position India as a fully integrated, globally competitive manufacturing and exporting hub for the sector.

The government on Thursday banned export of all ventilators, surgical/disposable masks and textile raw material used for making masks and coveralls with immediate effect in wake of the coronavirus outbreak.

Data released on Thursday showed exports grew by 4.5 per cent in February, the lowest expansion in the last four months, to $25.8 billion as shipments of engineering, textiles and gems and jewellery declined.

With a 13 per cent share, the textile sector is one of the major contributors to the country's export earnings.

China said on Saturday it will ban exports of some petroleum products to North Korea, as well as imports of textiles from the isolated North, in line with a United Nations Security Council resolution passed after Pyongyang's latest nuclear test.

With Donald Trump all set to become US president, Indian exporters may face high customs duties for goods like automobiles, textiles and pharmaceuticals if the new US administration decides to pursue the America First' agenda, opined trade experts.

The Prime Minister said that the government's consistent efforts are giving rise to increased foreign investments in India's textile sector.

Exports, which constitute about 22% of the industry, have fallen for five months in a row - declining over 15% year-on-year in November to $3.1 billion.

The textile industry is committed to achieving the $100 billion export target by 2030. Kashi and Tamil Nadu will play a major role in this, said Union Commerce and Textiles minister Piyush Goyal.

Australia's zero import duty access to India, which was earlier 5 per cent, will provide a level-playing field with exports from China, Vietnam and Bangladesh, the Ratings agency said on today.

The commerce ministry has shared with exporters a list of hundreds of goods such as auto parts and textile that Russia has provided to India for imports, an official said.

India and the 27-nation European Union (EU) will restart negotiations for their long-pending free trade agreement from June

India and Australia signed a trade agreement under which Canberra would provide duty free access in its market to over 95 per cent of Indian goods

India's textiles exports are expected to cross $40 billion during the current fiscal, Textiles Secretary UB Singh said on Wednesday.

The government approved the production-linked incentive (PLI) scheme worth Rs 10,683 crore for the textiles sector on Wednesday, September 8, in order to boost domestic manufacturing and exports

The government on Monday unveiled a scheme for setting up mega textile parks in the country, as part of the Centre's efforts to position India as a fully integrated, globally competitive manufacturing and exporting hub for the sector.

The government on Thursday banned export of all ventilators, surgical/disposable masks and textile raw material used for making masks and coveralls with immediate effect in wake of the coronavirus outbreak.

Data released on Thursday showed exports grew by 4.5 per cent in February, the lowest expansion in the last four months, to $25.8 billion as shipments of engineering, textiles and gems and jewellery declined.

With a 13 per cent share, the textile sector is one of the major contributors to the country's export earnings.

China said on Saturday it will ban exports of some petroleum products to North Korea, as well as imports of textiles from the isolated North, in line with a United Nations Security Council resolution passed after Pyongyang's latest nuclear test.