Manmade and Technical Textiles Export Promotion Council (MATEXIL)

MATEXIL NEWS UPDATES 11 FEBRUARY, 2025

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INTERNATIONAL

 

Bharat Tex to boost exports, focus on circular economy

Starting on Friday, February 14, 2025, in New Delhi, the Bharat Tex Expo covers the entire value chain of textiles including fibre, yarn, fabrics, garments, made-ups, home textiles and technical textiles. The Bharat Tex 2025, one of the largest and most comprehensive textile events, will focus on circular economy, innovation, digital transformation and technical textiles besides special session on sustainability across the value chain.

Spread over 2.20 lakh square meters, the event will attract thousands of exhibitors, buyers, policymakers and industry leaders from across the world, making it a crucial platform for trade, innovation and collaboration. Bhadresh Dodhia, Chairman, MATEXIL and Co-Chairman of the Core Committee for Bharat Tex 2025 said the expo will be a game-changer for the textile industry and will be an unprecedented opportunity for Indian manufacturers to showcase their capabilities on a global stage, attract investments, and drive exports.

It is being organised collectively by all Textile Export Promotion Councils and the Ministry of Textiles to position India as a global leader in the textile sector, he said. Dodhia said the event is expected to attract buyers and delegations from key textile global markets including the US, European Union, West Asia, Russia, Africa and Southeast Asia.

Source: The Hindu Business Line

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India may be one of the biggest victims of Trump’s eye-for-eye tariff threat

Economists at Morgan Stanley and Nomura Holdings have pinpointed India and Thailand as the nation’s most vulnerable to President Trump's proposed reciprocal tariffs, given the significantly higher tariffs they impose on US imports. These emerging Asian markets might accelerate negotiations with the US to mitigate potential trade conflicts.

“Emerging Asian economies have higher relative tariff rates on US exports and are thus at risk of higher reciprocal tariffs,” Nomura analysts led by Sonal Varma said in a note to clients. “We expect Asian economies to step up their negotiations with Trump.”

Source: The Economic Times

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India hopes to launch trade deal with European bloc later this year

India aims to activate its Trade and Economic Partnership Agreement with the European Free Trade Association by late 2025. This agreement promises a significant $100 billion investment in India, alongside tariff reductions on various European products, boosting trade and investment between India and EFTA.

To support trade and investment under the agreement, India is setting up a dedicated EFTA desk, which will serve as a platform to promote business collaboration between the two regions, the government said in an official statement.

Source: The Economic Times

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Centre boosts Punjab’s textile sector, achieving 3 per cent export growth

Punjab’s textile exports increased by 3 per cent from the previous fiscal year, from Rs. 12,043.2 crore (US $ 1.45 billion) to Rs. 12,241.43 crore (US $ 1.48 billion), thanks to the Central Government’s encouraging initiatives. This slight improvement in the state’s fabric business has recently been documented by the Central Textile Ministry.

The Ministry described its initiatives to revitalise Punjab’s textile industry, including talent development, financial incentives, and export promotion programs, in answer to a parliamentary question from MP Raghav Chadha of the Aam Aadmi Party. The Government is offering industry demand-driven, placement-oriented training under the Samarth Scheme that is in line with the National Skill Qualification Framework (NSQF), which has so far been provided to almost 900 recipients from Punjab.

Source: Apparel Resource

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APTMA celebrates 10% Surge in Textile and Apparel Exports

The All-Pakistan Textile Mills Association (APTMA) has announced an impressive 10.44% growth in the country’s textile and apparel exports, totaling $6.146 billion during the first four months of fiscal year 2024-25 (July-October 2024). This achievement highlights the sector’s resilience, adaptability, and competitiveness in the face of global economic challenges.

Key Export Categories Driving Growth

Several key segments have contributed to this surge in exports, demonstrating the sector’s strong performance. Knitwear exports saw a robust 18.69% year-on-year increase, reaching $1.76 billion. Non-knit readymade garments outperformed other categories with an impressive 25.40% growth, totaling $1.36 billion. Bedwear also experienced significant gains, with a 13.17% rise that brought exports to $1.07 billion. Additionally, cotton fabric exports increased by 5.25%, amounting to $679.43 million. These gains reflect the industry’s ability to adapt to shifting global demand while consistently delivering high-quality products.

Source: Markets Herald

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40% spinning mills shut down over EFS anomaly

KARACHI: The All-Pakistan Textile Mills Association (Aptma) has called on the government to create a level playing field for local raw material and intermediate input supplies for export goods manufacturing vis-a-vis imports as the lack of action on removing the Export Facilitation Scheme (EFS) anomaly has pushed the spinning industry to the verge of collapse.

"It is only a matter of time before the entire textile value chain is wiped out," Aptma Chairman Kamran Arshad warned. Over 100 spinning mills, representing nearly 40% of the total production capacity, have already shut down, while the rest are barely operational, running at less than 50% capacity. The situation was deteriorating at an alarming pace, with yarn imports surging to an unprecedented 32 million kg in January 2025, he said.  The consequences would not remain confined to spinning alone; the entire textile value chain "is now at risk as weaving and further downstream sectors are already experiencing similar distress," the Aptma chairman said.

Source: Tribune.pk

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China's FDI in Cambodian industrial sector worth $548.65 mn in January 2025

China channelled $548.65 million into Cambodia’s industrial sector in January 2025. The value accounts for 73.35 per cent of the country’s overall investment capital of $748 million in the month, the Cambodian Investment Board (CIB) said.

Despite the ministry of economy and finance not recording significant budgets for concession loans and grants since last year, the Council for the Development of Cambodia (CDC) has confirmed that China’s foreign direct investments (FDI) continue to surpass any other partner country.

Source: Fibre2fashion

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