logo
Task force on textile explores strategies to boost exports

Task force on textile explores strategies to boost exports

Mint11-06-2025

New Delhi: The newly formed task force on textile exports held its first meeting under the chairmanship of outgoing commerce secretary Sunil Barthwal on Tuesday, focusing on challenges impacting shipments and strategies to enhance the sector's global competitiveness, the commerce ministry said on Wednesday.
The discussions spanned the entire textile value chain—covering skilling, labour productivity, cost structures, scaling up manufacturing, adoption of renewable energy, and sustainability practices. The task force also reviewed the effectiveness of existing government schemes aimed at supporting the sector.
Barthwal underlined that the task force's primary goal is to establish a unified platform for addressing long-standing issues facing the textile industry, and to develop coordinated, actionable solutions with inputs from all key stakeholders.
The timing of the task force meeting is seen as significant, given India's ongoing efforts to diversify its textile export destinations and reduce reliance on a few traditional markets such as the US and the European Union. With a vision to scale textile exports to $100 billion by 2030-31, the government is stepping up its engagement with industry players to strengthen policy alignment and unlock new opportunities.
India's textile exports have shown a mixed trend in recent years—rising from $35.55 billion in FY23 to $36.55 billion in FY25, after falling to $34.40 billion in FY24. Traders present at the meeting stressed the need for sustained support to overcome global demand fluctuations, price competitiveness issues, and supply chain bottlenecks.
Rajesh Agrawal, commerce secretary-designate, stressed the need for continuous innovation and alignment with evolving global trends as crucial for expanding India's share in the international textile market. 'We need to think ahead and build on our strengths to meet shifting consumer preferences,' said Agrawal.
Satya Srinivas, special secretary in the Department of Commerce, added that the industry must capitalize on the government's ongoing trade negotiations and preferential access frameworks, including zero-duty market arrangements, to drive growth.
Other key areas discussed included improving regulatory and quality control standards, strengthening logistics, promoting Geographical Indication (GI) products, enhancing productivity of natural fibres such as jute, and advancing the planned Export Promotion Mission by the commerce department.
The meeting concluded with an agreement to set up ministry-led sub-task forces, which will submit detailed recommendations to the main panel.
These sub-groups will be composed of representatives from various Textile Export Promotion Councils, industry associations, and exporters—ensuring that policy formulation is closely informed by on-the-ground realities, the ministry said.
Stakeholders said that the task force marks a renewed push to bring coherence to textile sector reforms and unlock India's full potential as a global sourcing hub.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Tailored to succeed  National Institute of Fashion Technology (NIFT), Hyderabad
Tailored to succeed  National Institute of Fashion Technology (NIFT), Hyderabad

India Today

time13 hours ago

  • India Today

Tailored to succeed National Institute of Fashion Technology (NIFT), Hyderabad

NIFT's Hyderabad campus is where tradition meets innovation to shape a new generation of fashion designers who are globally attuned, yet deeply committed to India's regional crafts NATIONAL INSTITUTE OF FASHION TECHNOLOGY (NIFT) , Hyderabad No. 4 (2025) up from No. 6 (2020) Since its inception in 1995, NIFT's Hyderabad campus has grown into a vital hub for fashion education and innovation in South India. From just two courses at launch, it now offers seven, serving over 1,000 full-time and 60 part-time students on its expansive nine-acre campus. 'NIFT's early establishment in Hyderabad placed it at the forefront of design education in a region with a rich handloom and craft tradition,' says director Dr Malini Divakala. That legacy continues through the institute's active role in supporting Geographical Indication (GI) status for nine traditional crafts across Telangana, Andhra Pradesh, Odisha and Chhattisgarh. Seminars, workshops and field projects are central to this outreach. The institute's academic ethos is marked by interdisciplinary learning that's locally rooted yet globally aware. Its faculty includes PhD-holders, published researchers and seasoned industry consultants. Landmark contributions include Pramanik, a comprehensive publication on 10 GI-certified handicrafts and handlooms from the Telugu states. HANDS-ON EXPERIENCE The institute partners with organisations such as the Society for Elimination of Rural Poverty (SERP) to give students hands-on experience with rural artisans. A collaboration with the Telangana Social Welfare Residential Educational Institutions Society and Satavahana University is paving the way for a new programme in Design & Technology. Alumni describe their time at NIFT as transformative. 'It was a space of growth, where diverse perspectives, collaborative spirit and academic rigour come together seamlessly,' says Rakesh Ranjan from the class of 2007. For Tuhin Roy, four years his senior and now an entrepreneur, 'NIFT gave me more than just technical skills; it gave me a mindset, vision, a voice and a global perspective rooted in Indian sensibilities.'

Romania finally gets a prime minister, budget crisis PM Bolojan's first test
Romania finally gets a prime minister, budget crisis PM Bolojan's first test

First Post

time19 hours ago

  • First Post

Romania finally gets a prime minister, budget crisis PM Bolojan's first test

Romania's President Nicusor Dan nominated Ilie Bolojan, leader of the National Liberal Party, after weeks of coalition talks. Now, the biggest challenge in the new government's hands will be tackling the budget crisis read more Romania's new pro-Western president, Nicusor Dan, on Friday nominated Ilie Bolojan, leader of the pro-European National Liberal Party (PNL), as the country's next prime minister. AP Romania's new pro-Western President, Nicusor Dan , nominated Ilie Bolojan, leader of the pro-European National Liberal Party (PNL), as the country's next prime minister. The move was announced on Friday, marking an end to the weeks of political uncertainty following the annulled December presidential elections. The 56-year-old centre-right leader was serving the role of Senate president and is known for his reformist approach and administrative discipline. It is pertinent to note that Bolojan had previously served as acting president from February to May, when Dan defeated a hard-right opponent in a heated presidential election rerun . STORY CONTINUES BELOW THIS AD The nomination came as Romania, a European Union and NATO member state, is seeking to end a protracted political crisis that has gripped the nation since last year. Bolojan was nominated following a fresh round of talks between Dan and PNL. The biggest challenge facing Bolojan now will be taking care of the budget crisis in the country. The budget crisis: Bolojan's biggest challenge The 56-year-old leader will be tasked with tackling Romania's dire finances and reconciling the divided EU member. The country's budget deficit stood at 9.3 per cent at the end of last year, making it the highest in the European Union, AFP reported. In a press conference last week, Bolojan said Romania was 'in a complicated situation', adding that the incoming government would have to resort to 'unpopular measures' that could include cutting public spending and imposing tax rises. Meanwhile, Political scientist Sergiu Miscoiu told AFP that Bolojan was 'the person best placed to take unpopular measures to tackle the serious budget crisis'. However, analysts also point out that apart from a brief time as interim president, he had 'no experience in national politics'. Apart from this, deep social divisions in the nation were also made clear by the controversies that surrounded the presidential election. According to Cristian Andrei, a Bucharest-based political consultant, the new government will face the challenge of reaching a longer-term consensus over already delayed state reforms. 'There is only a disputed agreement on very short-term measures for the economic and budget crisis,' the political consultant told The Associated Press. 'If the short-term measures come with a social cost, inflation … (and) will not be met by profound changes in policies and institutions, then the political crisis will loom over the next years and (future) elections," he furthered. STORY CONTINUES BELOW THIS AD What comes next Bolojan's nomination will now need to be approved by the country's parliament. According to Euro News, his government is expected to be comprised of the leftist Social Democratic Party, or PSD, the PNL, the reformist Save Romania Union party, and the small ethnic Hungarian UDMR party. Ahead of his nomination, the PSD has pushed for a power-sharing agreement that would see a rotation of the prime ministerial post. While speaking after being nominated for the prime ministerial position, Bolojan said he's 'fully aware of the great responsibility' the role will bring and acknowledged it 'will not be an easy undertaking.' 'I will pursue three priorities: to restore order to the country's finances, to work toward good governance that creates conditions for development in Romania, and … to show proper respect to the Romanian people," he furthered. While the far-right parties recently won a third of the parliament seats, they were kept out of the talks to form a new government. Defeated presidential candidate labelled the move as 'a disgrace and an insult'. Meanwhile, the European Union has voiced concerns over the rise of Eurosceptic parties in NATO member Romania that are opposed to sending military aid to Ukraine. STORY CONTINUES BELOW THIS AD With inputs from agencies.

FTA impact: India sees export uptick in trade with Australia, UAE
FTA impact: India sees export uptick in trade with Australia, UAE

Mint

time20 hours ago

  • Mint

FTA impact: India sees export uptick in trade with Australia, UAE

New Delhi: In a move that reflects India's policy emphasis on boosting exports through free trade agreements (FTAs), the country's trade pacts with Australia and the United Arab Emirates (UAE) are beginning to deliver visible outcomes. A sharp rise in the issuance of Preferential Certificates of Origin (CoO) to Indian exporters during FY25 signals growing utilisation of tariff concessions under the free trade pacts. A Preferential Certificate of Origin is a paper that shows where a product was made, so that it can get lower taxes when shipped to another country under a trade deal. According to a commerce ministry report reviewed by Mint, preferential Certificates of Origin (CoOs) issued under the India-Australia Economic Cooperation and Trade Agreement (ECTA) rose to 77,234 in FY25, marking a 19.1% increase from 64,864 in FY24. The momentum continued into the first two months of FY26, with April and May 2025 registering year-on-year growth rates of 13.3% and 7.4%, respectively. For Australia, 5,643 CoOs were issued in April 2024, rising to 6,395 in April 2025. Similarly, 6,125 CoOs were issued in May 2024, which rose to 6,580 in May 2025. These certificates, which allow exporters to access lower or zero duties in partner countries, saw strong growth under both the India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) and the India-UAE Comprehensive Economic Partnership Agreement (IUCEPA), highlighting deeper integration into partner markets and increasing awareness among exporters. The steady climb reflects a strengthening trade relationship and growing awareness among Indian exporters of the agreement's benefits, particularly in sectors such as textiles, leather, gems and jewellery, and engineering goods, where tariff concessions are actively utilised. The rise was even more pronounced under the IUCEPA (UAE), where CoO issuances jumped by 24.7%, from 98,104 in FY24 to 122,306 in FY25. In April 2025 alone, 11,825 certificates were issued—35.4% higher than the same month last year. May figures followed suit, with a 28.3% increase over the previous year to 11,507. A senior commerce ministry official attributed the sharp increase to greater clarity on documentation procedures, faster processing timelines, and rising demand from UAE-based buyers for Indian products including food items, machinery, electricals, and chemicals. While addressing a press conference on 16 June, outgoing commerce secretary Sunil Barthwal said that the department is examining the impact of FTAs that have already been signed, especially as several new ones have been concluded in recent years. He noted that there is now a greater thrust on ensuring a higher rate of realisation from these agreements. The broader trend is evident at the national level as well, albeit at a more moderate pace. Across all FTAs, India issued 720,996 preferential Certificates of Origin in FY25, marking a 5.3% increase from 684,724 in FY24. The upward trajectory continued into the first two months of FY26, with total CoOs rising by 12.3% in April—from 61,400 in April 2024 to 68,939 in April 2025—and by 6.7% in May, increasing from 59,198 in May 2024 to 63,177 in May 2025, according to the report. However, the uptick under the pacts with Australia and UAE far outpaced the national average, indicating that these two trade deals are gaining relatively stronger traction among Indian exporters. The numbers mirror developments in bilateral trade. India-UAE trade stood at $84.84 billion in FY24, maintaining the UAE's position as India's third-largest trading partner. Exports to the UAE were valued at $31.61 billion, while imports crossed $53.23 billion. In comparison, India-Australia trade touched $26.4 billion in FY24, with Indian exports growing by over 10% to reach $7.94 billion, while imports stood at $18.49 billion, dominated by coal, minerals, and education-related services. Trade experts believe the trend is likely to strengthen further in the coming quarters, especially as India concludes negotiations on additional FTAs with the UK and the EU. In FY25, exports increased to $8.58 billion while imports stood at $15.53 billion, keeping the total trade at $24.1 billion. Before the signing of the trade deal, in FY23, India's exports to Australia were $6.95 billion and imports were higher at $19.01 billion, pushing the total bilateral trade that year to $25.96 billion. Similarly, India's exports to the UAE stood at $31.61 billion and imports at $53.23 billion in FY23, taking the total bilateral trade to $84.84 billion. After the signing of the trade agreement, exports rose to $35.63 billion and imports moderated to $48.03 billion in FY24, resulting in bilateral trade of $83.66 billion. In FY25, trade volumes expanded further, with exports increasing to $36.64 billion and imports surging to $63.42 billion, pushing the total bilateral trade to $100.06 billion. India currently has 13 major operational trade agreements, including FTAs, CECAs, and CEPAs, with partners such as Asean, Japan, South Korea, Singapore, Malaysia, Thailand. In South Asia, it has trade pacts with Sri Lanka, Nepal, Bhutan, and Afghanistan, and beyond the region, with Mauritius, the UAE, and Australia.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store