The ongoing conflict involving Iran in West Asia has begun to create ripple effects across the global economy. India’s textile sector is also vulnerable to these disruptions. The impact is primarily transmitted through three major channels: rising energy prices, supply chain disruptions, and export market uncertainty. India imports a large share of its crude oil, therefore, any surge in oil prices directly increases the cost of petrochemical-based inputs used in the textile industry. As crude oil prices rise, the cost of key raw materials such as purified terephthalic acid (...
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The Union Minister of Textiles, Shri Giriraj Singh, un
veiled Bharat Tex 2026, India’s flagship global tex
tile event, signalling the country’s growing leadership
in the global textile economy. Addressing stakehold
ers from ind...
India’s cotton yarn market has weakened after the re
cent reduction in benefits under the Remission of Duties
and Taxes on Exported Products scheme. Export rebates
for cotton yarn have been reduced from around 3.4%
of FOB value ...
On the occasion of the 43rd Foundation Day Celebra
tion of the National Handloom Development Corpo
ration (NHDC) at Handloom Haat, Janpath, New Delhi, the
multilingual illustrated book The Quest for the Sacred Cloth
was officially ...