Tag: Trade

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

October 8, 2026 admin

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…

Business

India to study potential of new markets for tea exports

September 23, 2026 admin

COONOOR India is encouraging tea exports to explore new markets as shipments to Iran is hit by the war. Amit Kumar, Joint Secretary of the Union Ministry of Commerce and Industry, told The Hindu on Wednesday that the government is focusing on markets such as Oman that is increasing its purchase of Indian tea. “We…

Business

Rubber Board to launch digital platform for rubber planters

September 23, 2026 admin

The Rubber Board will launch a digital platform called ‘INR Konnect’ on a pilot scale soon to document all details of untapped rubber plantations. Executive Director of the Board M. Vasanthagesan said at the annual conference of the United Planters Association of Southern India in Coonoor on Wednesday (September 23) that growers have plantations in…

Business

Textile mills, garment units seek measures to improve cotton availability

September 8, 2026 admin

E With cotton and yarn prices continuing to fluctuate, textile mills and garment units in Tamil Nadu are seeking measures to improve cotton productivity and availability. Spurt in demand for cotton yarn globally is among the main reasons for volatility in its prices, said Ashwin Chandran, chairman of the Confederation of Indian Textile Industry. International…

Business

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

June 28, 2026 admin

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…

Nation

Textile, apparel export see sharp decline in October; government rescinds QCO on viscose fibres

November 18, 2025 admin

With the U.S. tariffs hitting hard, apparel and textile exports saw a 12.91% slump in October compared with last October. While textile shipments last month were worth $1,597 million, apparel exports were $1,069.42 million, as against $1,833 million (textiles) and $1,227 million (apparel) in October 2024. Exports of jute and carpets dropped 27.27% and 15.8%…

Business

Port restriction on jute from Bangladesh imposed to protect local industries from subsidised products, say officials

August 12, 2025 admin

The latest order is aimed at further tightening the import of jute and products made from Bangladeshi jute. File | Photo Credit: Reuters A day after India imposed a fresh round of port restrictions on a range of jute products, officials here justified the move as necessary because Bangladesh’s subsidies were “killing” local Indian industries….

Business

US presidential elections 2024: a news analysis by Sriram Lakshman

November 4, 2024 admin

U.S. Vice President Kamala Harris and former President Donald Trump are neck and neck in the race for the White House. It is likely that if Ms Harris wins that many of her policies towards India will pick up where Mr Biden left off. There may be some greater emphasis on issues that are important…

World

With recent discovery of oil deposits, Ivorian economy is diversifying into new realm of raw materials

July 19, 2024 admin

Workers break cocoa pods at a farm in Sinfra, Ivory Coast. File | Photo Credit: Reuters The discovery of huge deposits of natural resources including oil, gas and gold in the Ivory Coast is pushing the country’s economy in a new direction. Over the past three years, the West African country — traditionally focussed on…

Business

Chinese premier focuses on critical minerals and clean energy on final day of Australian visit

June 18, 2024 admin

China’s Premier Li Qiang inspects a hydrogen refuelling truck as Executive Chairman of Fortescue Andrew Forrest (C) looks on at the Fortescue Hazelmere research and development facility in Hazelmere, a suburb of Perth on June 18, 2024. | Photo Credit: AFP Chinese Premier Li Qiang has ended his Australian tour on June 18 in the…

World