Topic
textile industry
Manufacturing Tamil Nadu OE Spinning Mills Threaten 50% Production Cut Over High Cotton Waste Prices
The Open-End Spinning Mills Association (OSMA) warns that over 250 grey yarn OE mills in Tamil Nadu will reduce production by 50% next week unless cotton waste prices drop further. Despite a ₹23/kg fall in cotton prices after the Centre removed the 11% import duty on May 31, Comber Noil prices have only been cut by ₹10–15/kg, squeezing mill profitability. The move could disrupt supply to exporters in Karur and powerloom hubs like Somanur and Erode.
Manufacturing India targets doubling textile industry size by 2047, says Union Minister Girira
India's textile market has grown to over ₹16 lakh crore from ₹8.5 lakh crore in 2014-15, according to Union Textiles Minister Giriraj Singh. The sector aims to double by 2047, with silk production up and imports down by half.
Trade India Waives Cotton Import Duty to Boost Textile Exports
India has announced a waiver on all customs duties for cotton imports from June 1 to October 30, 2026. This move aims to reduce input costs and boost the competitiveness of the textile sector, benefiting MSMEs and enhancing export potential.
Trade India Waives Cotton Import Duty to Boost Textile Exports
India's Finance Ministry has waived the 11% import duty on cotton from June 1 to October 31, 2026, to support the textile industry. This move aims to stabilize input costs and enhance competitiveness in global markets.