The Ministry of Textiles has announced an ambitious target of achieving Rs. 9 lakh crore in textile and apparel exports by the year 2030. This goal comes amid steady growth in the sector, with exports in FY 2024–25 recording a 5.2% rise over the previous fiscal year. The announcement was made in the Lok Sabha by Minister of State for Textiles, Shri Pabitra Margherita, in a written reply, where he outlined the sector’s recent performance, future strategies, and ongoing government schemes aimed at boosting the industry’s global competitiveness.
Source: PIB
India's free trade agreement with the UK is poised to significantly boost textile exports, potentially increasing them by 30-45% by 2030. The agreement eliminates duties, providing a competitive edge over rivals like Bangladesh and China, especially for garments, home textiles, carpets, and handicrafts.
Source: The Economic Times
The Indian government is actively addressing the impact of US tariffs through export promotion and diversification, while also negotiating trade agreements with the US and EU to boost trade and investment. India and ASEAN are reviewing their trade agreement, and a draft National Retail Trade Policy is in the works to ease business operations.
Source: The Economic Times
Crisil reports that the 25% tariffs on Indian goods due to Russian oil purchases could render exports to the US "unviable," impacting sectors like diamond polishing, shrimp, and home textiles. Other sectors with US trade exposure, including garments and chemicals, also face potential repercussions.
Source: The Economic Times
The Lok Sabha on Tuesday passed the Indian Ports Bill, 2025, aimed at promoting integrated and strategic port development through a consultative framework between the Centre and States. The legislation provides for the statutory creation of the Maritime State Development Council (MSDC), a recommendatory body to advise on long-term, data-driven planning for all ports, including a National Perspective Plan for maritime infrastructure.
Source: The Economic Times
IN TIRUPPUR, India’s knitwear capital, exporters are already feeling the heat of the 50 per cent tariff US President Donald Trump announced Wednesday. They say orders are being paused, redirected, or lost entirely to competitors like Bangladesh, Pakistan, Vietnam, and Cambodia, all of whom have lower US tariffs ranging between 19% and 36%.
Source: Indian Express
Egypt’s Suez Canal Economic Zone (SCZone) recently signed an agreement with China’s Changzhou Ramada Blanket Industry Co Ltd to set up a $22.6-million home textile and garment manufacturing unit in the Qantara West Industrial Zone.
Covering 80,000 square metres, the facility will create 1,500 direct jobs and produce around 5,000 tonnes of fabric, 4 million sets of bed covers, and 1 million sets of car carpets every year.
Nine-tenths of its production output will be exported. SCZone aims at positioning Qantara West as an integrated hub for textiles, readymade garments and accessories, its chairman Walid Gamal El-Dien was cited as saying by domestic media reports. Thirty-two projects have been signed in the zone till now, with total investments exceeding $822 million and creating 45,600 direct jobs.
Source: Fibre2fashion
Germany’s foreign trade surplus narrowed in June 2025 as imports grew at a faster pace than exports, according to provisional data from the Federal Statistical Office (Destatis). On a calendar and seasonally adjusted basis, exports rose 0.8 per cent from May to €130.5 billion (~$151.74 billion), while imports increased 4.2 per cent to €115.6 billion (~$134.42 billion). This left a trade surplus of €14.9 billion (~$17.33 billion), down from €18.5 billion (~$21.51 billion) in May and €20.3 billion a year earlier.
Year-on-year, exports increased 2.4 per cent and imports surged 7.9 per cent.
Germany exported €73 billion worth of goods to EU member states in June, up 2.4 per cent from May, while imports from the bloc rose 3.5 per cent to €59.6 billion. Exports to euro area countries climbed 3.1 per cent to €50.7 billion, with imports up 3.9 per cent to €39.3 billion. Trade with non-euro EU members also increased, with exports up 1 per cent to €22.3 billion and imports rising 2.8 per cent to €20.4 billion.
Exports to non-EU countries fell 1.2 per cent to €57.5 billion, while imports jumped 5 per cent to €56 billion.
Source: Reuters
A comprehensive seminar titled EU Trade Forum: Spotlight on the Digital Product Passport was held at the Pan Pacific Sonargaon Hotel in Dhaka, aiming to familiarise Bangladesh’s export-driven industries with the European Union’s (EU) upcoming Digital Product Passport (DPP) policy. The event was organized jointly by the Ministry of Commerce and the German Development Agency GIZ. The one-day seminar sought to build awareness about the DPP and assess Bangladesh’s readiness to align its export sectors with the EU’s Ecodesign for Sustainable Products Regulation (ESPR).
Source: Apparel Resource
China's Hainan Free Trade Port (FTP) will launch an island-wide independent customs operation on December 18 this year, deputy head of the National Development and Reform Commission Wang Changlin recently announced, terming it ‘a milestone’ in the country’s efforts at opening up. The decision was taken by the Communist Party of China (CPC) central committee.
Source: Antara News
The American Apparel & Footwear Association (AAFA) has welcomed the US administration’s extension of the temporary reduction in retaliatory tariffs on US imports from China, keeping the baseline rate at 30 per cent for another 90 days. The move follows President Trump’s executive order ‘Further Modifying Reciprocal Tariff Rates to Reflect Ongoing Discussions with China.’ the administration to add a non-stacking provision like those in US trade agreements with Japan and the EU, warning that the current tariff level remains ‘untenably high’. He stressed that these duties are in addition to legacy tariffs, including Smoot-Hawley MFN and Section 301 measures, amounting to double taxation on American families for essentials like clothing and footwear.
Source: Fibre2fashion
Uzbekistan’s textile sector is facing a slowdown amid falling global cotton prices. Over three years, the price of cotton has fallen from £2,350 per tonne to £1,175. The country is Central Asia’s largest raw cotton producer and textile exporter. Its textile exports declined 5.3% in the first half of 2024, totalling £1.18 billion, with most segments affected. This means Uzbekistan will need to import cotton from neighbours to maintain production for its textile industry.
Source: Eco Textiles
