IFBEC's FBC

India – Russia Business Forum Charts New Path For Stronger Textile Trade Ties

Union Minister of Commerce & Industry, Piyush Goyal, placed a strong spotlight on the textile sector as a priority area for India–Russia cooperation, during the India–Russia Business Forum held in New Delhi. Confirming that Russia has always been ‘India’s Sukh Dukh Ka Saathi,’ he highlighted that textiles, along with automobiles, electronics and machinery represent one of the biggest opportunities to deepen and diversify India’s export presence in the Russian market.

Tariff Uncertainty Halts US-Dollar 2 Billion In US Apparel Orders For India

Negotiations between Indian apparel exporters and US buyers have stalled, putting nearly US$ 2 billion in summer orders at risk. Exporters are hesitant to commit without clarity on the tariffs that will apply under the long-pending India–US trade deal, which was expected to be concluded by fall but remains unresolved.

Downstream Textiles Benefit From QCO Revocation - Polyester Yarn Makers Face Pressure

The Indian government’s recent decision to rescind the Quality Control Order (QCO) on several polymer and fibre intermediates is expected to provide relief to the downstream textile sector, especially readymade garments, which will now have access to more competitively priced imported raw materials. The move comes amid ongoing US export tariffs that have impacted key textile segments.

SBI ECOWRAP notes diversification of India export

The share of India’s merchandise exports during the first half (H1) of fiscal 2025-26 (FY26) increased significantly, indicating diversification of export basket with the United Arab Emirates (UAE), China, Vietnam, Japan, Hong Kong, Bangladesh, Sri Lanka and Nigeria across product categories, according to the State Bank of India’s (SBI) latest newsletter SBI ECOWRAP.

Karl Mayer experiences record response from India at ITMA ASIA 2025

Insights

Karl Mayer saw record interest from India at ITMA ASIA 2025, with nearly 30 per cent of qualified discussions.
India is shifting from weaving to warp knitting and from staple to filament fibres, boosting demand for functional fabrics.
Major manufacturers and officials showed strong interest, while new machines, digital services and training support market growth.

Prosecutors probe Italy Tod-s seek six-month ad ban over labour abuse

MILAN, Nov 20 (Reuters) - Italian prosecutors have placed luxury group Tod's and three of its executives under investigation for suspected labour abuses and are seeking a temporary ban on some company advertising, three sources with knowledge of the matter said on Thursday.

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