Tag: Russia-Ukraine war
Global brands may increase India sourcing after duty relief
Export orders from Tiruppur had decreased over the past three years as two major buyers, the US and Europe, had reduced their purchases due to ... Read More
T&A sector witness 10%+ trade decline in 2023: UNCTAD
Despite India's initiatives to reduce dependence on China through schemes like the production-linked incentive scheme and quality control orders, the reliance on China saw a ... Read More
Temporary closure of Sircilla Textile Park in Telangana
The primary reason cited for the park's closure is a decline in the prices of raw materials, specifically cloth, in the national market. The Sircilla ... Read More
Q1 textile, apparel exports decline 15% due to weak demand
The decline in textile exports was attributed to the combination of weak demand and high prices of cotton. It was reported that the recession in ... Read More
Exports of textiles and apparel drop 14%
Segment contributed 7.95 % to the export of products, down from 9.8 % in FY22. Exports of clothing and textiles decreased 13.9% in 2022–2023 compared ... Read More
Textile industry facing economic headwinds
The current market situation faces headwinds manifested in key macroeconomic trends such as inflation, soaring energy prices, continued effects of the coronavirus and the prolonged ... Read More
Gain scale to re-weave India’s success story
Pranav Chaudhry and Aditya Rajyan analyse the Indian textile & apparel industry's standing amid the changing market scenario and how it can emerge as a ... Read More
