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India-Germany trade relationship weaving strong ties
India and Germany have a long history of trade and collaboration in the manufacturing sector, especially in textiles. There is a strong growth case for the textiles and apparel (T&A) industry, and in turn, a strong policy and business case for close collaboration between German and Indian industry.
SIMA requests withdrawal of import duty on cotton
According to the Southern India Mills’ Association (SIMA), the import duty on raw cotton would erode the competitiveness India’s value-added segments that has a business size of around Rs 50,000 crores in exports and Rs 25,000 crores in the domestic market.
Truth behind Pakistan’s 3 times rise in textile exports
Pakistan saw 3.4 times increase in textile exports in April 2021. This growth was due to the low base effect in April 2020 when the first wave of COVID-19 affected industrial activity across the globe and in Pakistan.
Exports from Cambodia to the US soar by 17% in Q1
According to US Census Bureau, exports from Cambodia to the US were $6.6 billion in 2020, which was 22.79% higher than that of last year. Q1 of this year saw total exports of $1.86 billion even amid stoppages.
South Indian textile industry hit by the COVID pandemic
The second wave of COVID-19 in India has adversely affected the textile sector in Tamil Nadu, especially when the export demand was high. Further, the textile hubs of Tiruppur and Coimbatore are worst affected.
Vietnam’s Q1 textile exports turnover seems to recover
The first four months of the current year have been profitable for Vietnam as there was an increase in the export of textile and garments. As per the Ministry of Industry and Trade, it has earned over $9.5 billion in Q1.
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