by HFT | Aug 1, 2025 | Trade and policy
As India aggressively pursues its vision to grow textile exports from USD 37 billion to USD 100 billion by 2030, the industry has been struck by an unexpected blow — a 25% tariff imposed by the United States, along with potential penal duties. The announcement has...
by HFT | Jul 31, 2025 | Business & Policy
July 31, 2025: Reacting to the recent announcement of a 25% tariff by the United States on Indian exports, Mr. Rajeev Gupta, Joint Managing Director of RSWM Ltd., described it as a temporary setback for the Indian textile and manufacturing industry. The industry had...
by HFT | Jul 31, 2025 | Business & Policy
Rahul Mehta, Chief Mentor, Clothing Manufacturers Association of India’s response:- “Whilst the announced levy 0f 25% does come into effect, it would indeed be a surprising twist to our expectations on the way the trade talks were proceeding. However, having...
by HFT | Jul 24, 2025 | Trade and policy
Mumbai, July 24, 2025 – The Powerloom Development and Export Promotion Council (PDEXCIL) has extended a warm welcome to the newly signed India–United Kingdom Free Trade Agreement (FTA), calling it a landmark moment for India’s powerloom and broader textile sector....
by HFT | Jul 16, 2025 | Industry Update
The 16th edition of the India Tex Trend Fair (ITTF) officially opened today in Tokyo, Japan, inaugurated by Union Textiles Minister Shri Giriraj Singh. The event saw the presence of key dignitaries including Shri Sibi George, Ambassador of India to Japan; Shri Rohit...
