Tag: exports

Hyundai Motor Group to invest $15.5 billion in India by 2032

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Hyundai Motor Group to invest .5 billion in India by 2032

 Prime Minister Narendra Modi and Hyundai Motor Group Executive Chair Euisun Chung | Photo Credit: Special Arrangement Hyundai Motor Group will invest $15.5 billion in India between 2026 and 2032, expanding manufacturing capacity, research and development (R&D) infrastructure and localisation of components as it seeks to strengthen the country’s position as a global automotive hub….

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Business

Texprocil to focus on Kasturi Cotton, benefits of FTAs for textile sector

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Texprocil to focus on Kasturi Cotton, benefits of FTAs for textile sector

The Cotton Textile Export Promotion Council (Texprocil) will focus on increasing the quantity of cotton that can be branded as ‘Kasturi Cotton Bharat’ over the next two years, said Ravi Sam, the newly elected chairman of Texprocil. Less than 50% of the cotton that is brought for branding meets the mandatory specifications and tests to…

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Business

Coffee Board brews sustainability push with new certification framework

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Coffee Board brews sustainability push with new certification framework

Sustainability standards on the anvil | Photo Credit: Getty Images/iStockphoto The Coffee Board has developed sustainability standards and is in the process of implementing the certification process, said Kurma Rao, its Chief Executive Officer and Secretary. India, the world’s seventh-largest coffee producer and fifth-largest exporter, exported coffee worth more than $2 billion in 2025-26, with…

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Business

Indian plantation sector urged to become global suppliers

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Indian plantation sector urged to become global suppliers

Amit Kumar (fourth left), Joint Secretary of the Union Ministry of Commerce and Industry, presenting the TGLIA:STC awards at the UPASI annual conference in Coonoor on Wednesday. | Photo Credit: M. SATHYAMOORTHY Technology and institutional finance, which are accessible to small-scale growers too, in the plantation sector are critical for the sector’s growth, said Amit…

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Business

Soaring cotton prices put textile mills under pressure

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Soaring cotton prices put textile mills under pressure

Cotton yarn spinning at a textile mill in Coimbatore | Photo Credit: The Hindu : Textile mills are witnessing a revival in cotton yarn demand, with capacity utilisation crossing 90%, but a sharp rise in cotton prices is raising concerns over the sustainability of operations. “The demand for cotton yarn started reviving almost five months…

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Business

Union government sets $21 billion textile export target for Tamil Nadu by 2030

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Union government sets billion textile export target for Tamil Nadu by 2030

Union Textile Minister Giriraj Singh (right) interacted with garment exporters in Tiruppur on Sunday. | Photo Credit: SIVA SARAVANAN S. The Union government has set a target of $21 billion worth textile and apparel exports from Tamil Nadu by 2030, said T.N. Venkatesh, Principal Secretary, Department of Handlooms, Textiles, Khadi, and Handicrafts, Tamil Nadu, in…

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Nation

Shrimp farmers shift to local sales amid price drops, export disruptions

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Shrimp farmers shift to local sales amid price drops, export disruptions

A woman, K. Kondalamma, displays tiger shrimp being sold by the roadside on the outskirts of Vijayawada on Saturday. Tiger shrimp, which normally fetch strong demand in overseas markets, are now being sold directly to consumers. | Photo Credit: G.N. RAO With the shrimp prices falling in the market due to the impact of US-Israel-Iran…

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Nation