IFBEC's FBC

Union Minister of Textiles, Shri Giriraj Singh strengthens industry engagement in Japan and inaugura

Shri Giriraj Singh held a series of high-level meetings with major Japanese companies and invited them to partner in India’s textile growth story

16th India Trend Fair 2025 is one of the largest platforms for Indian textile exporters to connect directly with Japanese buyers

EU Delays Increased Sustainability Reporting Requirements for Large Companies by 2 Years

The European Commission announced the adoption of a series of “quick fix” amendments to the European Sustainability Reporting Standards (ESRS), delaying the addition of new requirements for large companies already reporting under the Corporate Sustainability Reporting Directive (CSRD), including new disclosures in areas including biodiversity, workers in the value chain, and Scope 3 emissions.

PLI Scheme – A Game Changer for India’s Textile Sector

Mumbai (Maharashtra) [India], July 14: The Production Linked Incentive (PLI) Scheme for Textiles, launched in 2021, has emerged as a transformative initiative for India’s textile industry. Operational from 24th September 2021 to 31st March 2030, the scheme offers financial incentives for a period of five years to promote manufacturing in Manmade Fibre (MMF) apparel, fabrics, and technical textiles, thereby enabling scale, competitiveness, and global integration.

India can diversify exports if proposed US deal not as desired: SBI

Insights

The State Bank of India believes that even if the proposed India-US trade deal doesn't come up as desired and 10-per cent additional tariffs are imposed, India can still diversify its exports.
India's total exports may not be significantly hit under such a condition, it noted.
As the US tariffs on most Asian nations are higher than on India, this offers scope for India to raise its exports to the US.

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