The Cotton Textiles Export Promotion Council - Texprocil

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The Cotton Textiles Export Promotion Council - Texprocil The Cotton Textiles Export Promotion Council, popularly known as TEXPROCIL has been the internationa

Texprocil’s Webinar on Filing of Annual RoDTEP Return (ARR) for FY 2023-24 on 11th November, 2024. To register, scan the...
07/11/2024

Texprocil’s Webinar on Filing of Annual RoDTEP Return (ARR) for FY 2023-24 on 11th November, 2024. To register, scan the QR Code.

05/08/2024

TEXPROCIL Daily News Clipping, INFORMATION BUREAU (IBTEX) No.: 129 of 2024 | DATE: August 05, 2024https://texprocil.org/ibtexnewsclipping/1722839130-IBTEX05082024.pdf

*INTERNATIONAL NEWS*

1. Global manufacturing sector sees setback in Jul; new orders decline
2. Eurozone's manufacturing sector suffers another setback in Jul 2024
3. China: Could cotton linter reverse the downtrend?
4. July sees 3.3% drop in UK retail footfall as shoppers shift spending
5. Dramatic rise in ocean freight container shipping spot rates: Xeneta
6. Italy's retail trade sees slight decline in June 2024
7. Sri Lanka's reforms led to growth, low inflation, more revenues: IMF
8. 6 SE Asian nations to grow at 5.1% avg annual rate in 10 yrs: Report
9. Vietnam's manufacturing PMI remains strong at 54.7 in July 2024
10. Made in Pakistan?
11. Pakistan: Weekly Cotton Review: Prices rise amid low business volumes

*NATIONAL NEWS*

1. 5th meeting of ASEAN-India Trade in Goods Agreement Joint Committee held in Jakarta
2. Customs, banking reforms, incentives at par with China key to boost e-com exports to $350 bn: GTRI
3. Monetary Policy: RBI likely to keep interest rate unchanged at 6.5%, say experts
4. Indian economy to grow at 7-7.2% in current fiscal year: Deloitte
5. India free-trade agreement with Oman hits market-access roadblock
6. MP urges Centre to set up textile park in Puducherry

03/08/2024

TEXPROCIL Daily News Clipping, INFORMATION BUREAU (IBTEX) No.: 128 of 2024 | DATE: August 03, 2024https://texprocil.org/ibtexnewsclipping/1722665888-IBTEX03082024.pdf

*INTERNATIONAL NEWS*

1. US manufacturing sector faces headwinds as new orders decline in July
2. Biz confidence improves across China's manufacturing sector: PMI data
3. Global exhibitors to gather at Intertextile Shanghai Apparel Fabrics
4. Maersk sees global trade disruptions lasting throughout 2024
5. ICE cotton struggle as dollar strengthens and export sales weaken
6. Freight Shifts From Canada to US Ports Over Rail Strike Concerns
7. China to boost trade cooperation amid global protectionism
8. Cheap Chinese exports prompt 'protectionist' response from Southeast Asia
9. Brands fail to outline plans for emissions reduction in supply chains: Report
10. Italian textile and apparel sector faces increased slowdown in first half of 2024
11. Colombo to raise manufacturing's share in GDP from 16% to 20% by 2030
12. Small Signs of Optimism in the Cotton Market
13. Bangladesh BTMA demands loans at lower interest rates to offset losses
14. Bangladesh: Waive port charges incurred amid recent unrest

*NATIONAL NEWS*

1. Centre takes multiple initiatives to boost exports, production & employment generation in Textiles Sector
2. Manufacturing sector continues notable growth in Jul: HSBC India PMI
3. India-Sri Lanka ETCA: Govt working closely with industry to maximise gains
4. India, EFTA trade pact under ratification process: Jitin Prasada
5. CCI procures 33 lakh bales cotton at MSP during current season
6. India-UK FTA: Weaving a brighter future for textiles and apparel
7. Mandi tax worries cotton ginning units
8. India UP state to set up 33 IMLCs in 30 districts along 5 expressways

02/08/2024

TEXPROCIL Daily News Clipping, INFORMATION BUREAU (IBTEX) No.: 127 of 2024 | DATE: August 02, 2024https://texprocil.org/ibtexnewsclipping/1722579334-IBTEX02082024.pdf

*INTERNATIONAL NEWS*

1. Factories across Europe, Asia struggled in July as demand waned, shows PMIs
2. China's growth slows in Q2; Fitch reaffirms 4.8% 2024 forecast
3. US cotton exports dip as new season sales climb this week: USDA
4. Egypt plans ways to speed up of project to modernise cotton industry
5. Australia's CPI rises 1% in June quarter, clothing & footwear up 3.1%
6. AGOA Forum Leaves Future of African Sourcing in Flux
7. Burberry, a luxury brand losing its luster
8. Textile Exchange's materials market report paints a complex picture
9. Shanghai to host major textiles and apparel trade shows
10. Bangladesh: Textiles, RMG seek soft loan citing deep crisis
11. Pakistan: Textile millers come up with charter of demands
12. Bangladesh: Apprehensions rife over future exports

*NATIONAL NEWS*

1. Framework to evaluate investment proposals, cut cost disadvantages for cos relocating to India: GTRI
2. Strategic reforms needed to enhance India's appeal to global investors, attract FDI: GTRI
3. Don’t be in hurry on FTA giveaways: Industry
4. July GST mop-up at 3-month high, rises 10.3% to ₹1.82 lakh crore
5. GST collections and other relevant data will henceforth be available on the GST Portal
6. MSMEs EXPORTERS
7. Tiruppur apparel unit makes its way to the Paris Olympics 2024
8. Canara Bank to extend tailored products, services to Tiruppur exporters

01/08/2024

TEXPROCIL Daily News Clipping, INFORMATION BUREAU (IBTEX) No.: 126 of 2024 | DATE: August 01, 2024https://texprocil.org/ibtexnewsclipping/1722493987-IBTEX01082024.pdf

*INTERNATIONAL NEWS*

1. Americans Say US Has Lost More Than It’s Gained in Pursuing Global Trade
2. China's cotton yarn imports decline for three consecutive months in Q2
3. USA: Implementation of Section 301 Tariffs Gets Short Reprieve
4. Interview: Developing countries look to China for modernization strategies, says Polish expert
5. UKFT to participate in Intertextile Shanghai Apparel Fabrics 2024 with British textile companies
6. Italian textile machinery to shine at CAITME 2024 in Tashkent
7. Turkiye plans green deal programme for exporters
8. EVFTA reflects confidence of European investors in Vietnam: EuroCham
9. Bangladesh: Govt waives seven-day demurrage for importers
10. Pakistan: ‘Textile sector exports struggle amid harsh taxation, high energy costs’
11. Pakistan: Cotton crop concerns

*NATIONAL NEWS*

1. India Ratings ups country's FY25 GDP growth estimate to 7.5% from 7.1%
2. India, Vietnam should explore possibility of free trade pact: Vietnamese PM Chinh
3. Expanded cotton area in South may help offset decline in North
4. Industry’s mixed post-Covid recovery
5. Vietnam PM sets ambitious target of $20 billion in bilateral trade with India
6. Five factors why D2C continues to buzz up India’s e-commerce story

31/07/2024

TEXPROCIL Daily News Clipping, INFORMATION BUREAU (IBTEX) No.: 125 of 2024 | DATE: July 31, 2024https://texprocil.org/ibtexnewsclipping/1722408509-IBTEX31072024.pdf

*INTERNATIONAL NEWS*

1. Euro area recovering gradually; modest acceleration projected: IMF
2. US fashion industry faces mounting sourcing risks in 2024: Study
3. Indonesian textile industry threatened by surge of illegal imports
4. UK government announces trade talks to boost economic growth
5. Jun global air cargo demand up 14.1% YoY, H1 2024 demand up 13.4% YoY
6. UK retail sales decline accelerates in July 2024: CBI survey

*NATIONAL NEWS*

1. Government plans 12 new industrial parks and multiple mega textile parks: Piyush Goyal
2. 755 applications approved across 14 sectors, investment of Rs. 1.23 lakh crore attracted under PLI Scheme till March 2024
3. Shri Goyal urges industry to use QCOs to raise quality, competitiveness
4. Govt takes several steps to promote business, boost exports and manufacturing
5. Ministry of Textiles approves 19 research projects under National Technical Textiles Mission
6. India’s T&A market to expand at 14.59% CAGR from 2022-28: IBEF
7. Share of fashion-apparel in India's retail leasing 39% in H1 2024
8. Global trade trends and Budget initiatives

30/07/2024

TEXPROCIL Daily News Clipping, INFORMATION BUREAU (IBTEX) No.: 124 of 2024 | DATE: July 30, 2024https://texprocil.org/ibtexnewsclipping/1722319795-IBTEX30072024.pdf

*INTERNATIONAL NEWS*

1. China’s Share of the Sourcing Pie Is Up For Grabs
2. China: Spandex demand analysis from downstream operation in H1 2024
3. Global growth facing weakest prospects in medium term in decades: IMF
4. Why the Industry Should Own Its Supply Chain
5. Germany's price expectations rise in July, driven by manufacturing
6. 1st round of negotiations on proposed GCC-Turkiye FTA begins
7. Vietnam achieves trade surplus of $14.08 bn in Jan-July 2024
8. Shutdown, internet blackout cost Bangladesh economy over $10 bn: FICCI
9. Bangladesh: Apparel retailers express concern about shipment delay

*NATIONAL NEWS*

1. Negotiating teams to restart FTA talks with India as soon as possible: UK
2. Spike in freight costs to hit exporters
3. Surge in container freight rates poses challenges for Indian exporters
4. India’s trade policy enhanced
5. CBIC chief advocates three rate structures under GST
6. Fake input tax credit detection surged 50% to over ₹36,000 crore in FY24
7. Cotton prices slip below ₹60,000/candy on slack yarn, garment demand
8. Cotton exports up 68 per cent at 26 lakh bales till June-end

29/07/2024

TEXPROCIL Daily News Clipping, INFORMATION BUREAU (IBTEX) No.: 123 of 2024 | DATE: July 29, 2024https://texprocil.org/ibtexnewsclipping/1722233162-IBTEX29072024.pdf

*INTERNATIONAL NEWS*

1. Global freight forwarding market normalises amid soft demand: Report
2. Turkiye's retail confidence index declines by 1.5% in July
3. UK manufacturers' optimism dips slightly in July: CBI survey
4. Sri Lanka apparel exporters urge govt not to end simplified VAT system
5. U.S. Cotton Trust Protocol Boosts Crop Coverage By 2.1 Million Acres
6. Vietnam: Advanced technology helps garment - textile industry adapt to challenges: insiders
7. Bangladesh: RMG exporters in a race against time to offset losses
8. Pakistan: Cotton research under siege

*NATIONAL NEWS*

1. DGFT simplifies Export Promotion Capital Goods Scheme procedures to enhance Ease of Doing Business
2. Government setting up 7 PM MITRA Parks with world class infrastructure to give a boost to Textiles Sector
3. Commerce Secretary participates in the 14th BRICS Trade Ministers’ meeting
4. Lowered customs may improve India’s global position in apparel and footwear market
5. After a long lull, are textile exports seeing ‘achche din’?
6. India creates legroom to sign UK, EU FTAs with Customs Act amendments
7. Need to find solution for long-pending mandated issues of WTO: Commerce Secretary
8. Rising freight costs, container shortages paralyse global trade recovery
9. Economic Survey pessimistic on export growth prospects
10. Indian textile exports rise on demand from CIS, South Asian markets
11. Indian State of Andhra Pradesh to See Investment Benefiting the Textile and Apparel Sector
12. Indian retail landscape transforms data privacy reigns supreme
13. Madhya Pradesh signs agreements for development of ELS cotton

25/07/2024

TEXPROCIL Daily News Clipping, INFORMATION BUREAU (IBTEX) No.: 122 of 2024 | DATE: July 25, 2024https://texprocil.org/ibtexnewsclipping/1721888055-IBTEX25072024.pdf

*INTERNATIONAL NEWS*

1. China: Cotton linter import from India and US marks a sharp rise in H1
2. Soaring ocean container shipping market appears hitting peak: Xeneta
3. Italy's growth projected to average around 0.75% in 2024-26: IMF
4. Apparel leads in mixed online & in-store shopping in US: Report
5. Global cotton production expected to reach 29 Mt by 2033: OECD, FAO
6. E-commerce Exports Boom: China Leads, India poised to take off
7. Sri Lankan central bank cuts interest rates to boost economic recovery
8. E-com volume in Turkiye projected to double in 2024: TOBB
9. Vietnamese ministry offers solutions to tackle high sea freight costs
10. Bangladesh: Garment factories start reopening after unrest
11. Pakistan: Textile exports will start falling soon

*NATIONAL NEWS*

1. Highlights of the Union Budget 2024-25
2. Textile industry gets 28 per cent more allocation in Budget 2024-25
3. Govt proposes to reduce BCD on some items used in manufacturing apparel
4. India Budget 2024-25: Mixed reactions from textile industry
5. Budget proposals for MSMEs to benefit textile and apparel industry
6. Textile sector's need for cost competitiveness unaddressed: CITI
7. UK Foreign Secretary visits India to discuss FTA, climate, global security
8. Budget 2024 decoded: Imports under FTAs made easy with self-certification
9. First sign of normalcy: Exports resume in Petrapole land port, goods-laden trucks start to roll out from India to Bangladesh
10. Tiruppur exporters express disappointment over budget, await future announcements

23/07/2024

TEXPROCIL Daily News Clipping, INFORMATION BUREAU (IBTEX) No.: 121 of 2024 | DATE: July 23, 2024

https://texprocil.org/ibtexnewsclipping/1721712087-IBTEX23072024.pdf

*INTERNATIONAL NEWS*

1. Global trade may reach almost $32 trn in 2024: RBI Bulletin
2. Global cotton trade to expand to 12.4 million tons by 2033: Report
3. Where Does Kamala Harris Stand on Climate, Trade and Tech?
4. Italian textile machinery orders drop 17% in Q2 - ACIMIT
5. Red Sea Diversions Have Cost the Suez Canal $2 Billion
6. Gradual economic recovery expected to continue in Germany in 2024: IMF
7. Pakistan: Balancing exports and stability
8. Pakistan’s textile in a brave new world

*NATIONAL NEWS*

1. FY24 Indian textile-apparel exports up 1% at $35.5 bn: Economic Survey
2. Economic Survey 2024 Highlights: Steady Indian Economy, 6.5% to 7% GDP growth, infra boost and more
3. Exports likely to rise but fragmentation, protectionism a problem: Economic Survey
4. India’s share in global exports of both goods and services has risen: Eco Survey
5. Rise in trade through Mexico and Vietnam has a Chinese hand: Eco Survey 2023-24
6. Major Port Authorities Act, 2021, enhanced efficiency and governance of Major Ports: Economic Survey 2023-24
7. DGFT, customs process overhaul, revamp textile PLI scheme, QCO suspension to aid exports: GTRI
8. Useful WIPO guide on Trade Secrets and Innovation
9. Economic Survey: PLI, FTAs to aid India’s trade deficit decline; protectionism, lower demand risk export growth
10. Indo-Bangla trade comes to standstill as students' protests intensify
11. India’s garment export woes are self-inflicted: report
12. Huge potential for Indian garment players to export products to Japan: APEC

20/07/2024

TEXPROCIL Daily News Clipping, INFORMATION BUREAU (IBTEX) No.: 120 of 2024 | DATE: July 20, 2024https://texprocil.org/ibtexnewsclipping/1721457915-IBTEX20072024.pdf

*INTERNATIONAL NEWS*

1. Global IT Outage Disrupts Air Cargo Supply Chain, Major Ports
2. Brazilian cotton prices fluctuate, climb 4.17% in mid-July
3. Global lint consumption to rise at 1.7% annual rate in 10 yrs: Report
4. Producer prices of German industrial products 1.6% lower YoY in June
5. Brands to increase e-commerce investment by 16% in 6-12 months: Study
6. UK retail sales volumes fall 1.2% in Jun; clothing-footwear stores hit
7. European Cotton Takes Center Stage in Milan
8. Pakistan: Moderate business on cotton market
9. Pakistan: Industrialists fear decline in textile exports

*NATIONAL NEWS*

1. Exports to top-10 nations grow faster than overall figures in Q1 FY25
2. DGFT pushing proposal to further extend interest equalisation scheme for exporters
3. Customs clearance time for imports drops 6% at air cargo complexes: CBIC
4. Textile sector seeks a stitch in time as govt mulls tax cuts
5. India flags trade gap with China at WTO
6. Non-tariff barrier resolution on cards
7. MSME Act proposed to be amended to ensure expeditious payments
8. GeM’s e-Learning Training Courses now available in 12 Official Languages
9. Bihar looking to develop its textile industry to create jobs: Giriraj
10. India's W Bengal expects $1.195-bn investment, 0.25 mn jobs at CLC
11. Punjab urges Centre to approve BG-III Bt cotton for sowing

19/07/2024

TEXPROCIL Daily News Clipping, INFORMATION BUREAU (IBTEX) No.: 119 of 2024 | DATE: July 19, 2024https://texprocil.org/ibtexnewsclipping/1721371050-IBTEX19072024.pdf

*INTERNATIONAL NEWS*

1. Global supply chain disruptions continue due to Red Sea situation
2. Economy grows at slight to modest pace in most districts: US Fed
3. US' net sales of Upland cotton down 50%, Pima eases 4% this week: USDA
4. SE Asia's 2023 e-com GMV up 15% YoY; Vietnam fastest growing market
5. European Central Bank keeps 3 key interest rates unchanged
6. UFLPA Enforcement Efforts Must Address Labor Transfer Schemes
7. QIMA: Global Procurement is Climbing, Reflecting Growing Consumer Optimism
8. China to continue zero-tariff benefits to Bangladesh post-LDC: Envoy
9. Pakistan: FY2023-24: textile exports up by around 0.93pc to $16.655bn

*NATIONAL NEWS*

1. India's GDP growth projected at 7% in FY25: FICCI survey
2. Commerce Department to fix exporters’ GST woes
3. $100 bln Indo-Russia bilateral trade achievable by 2030, trade gap no worry: GTRI
4. Budget 2024: Govt may revive technology mission on cotton, allocate ₹500 cr to roll out 5-year scheme
5. 2-day Textile Investors’ Meet begins in city
6. Labour productivity shrank in 9 industries during FY23: RBI's KLEMS data
7. Container shortage hits textile exports
8. EY-Assocham report advocates raising e-commerce export ceiling to $50,000

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