MSP help of ₹1718 crore: Big support to cotton farmers and textile industry: Atul GanatraFormer President of Cotton Association of India, Atul Ganatra, in an exclusive interview to CNBC Awaaz, talked in detail about the government's funding of Rs 1718.56 crore and the condition of the cotton sector.The government has approved MSP funding of Rs 1718.56 crore. This fund has been released to compensate the losses incurred by Cotton Corporation of India (CCI) during MSP procurement in the year 2023-24. However, the government does not see it as a loss, but as a help or subsidy given to the farmers.About 60 lakh farmers cultivate cotton in India and most of the farmers get direct benefits of MSP. The MSP system not only benefits the farmers, but the textile industry also benefits by providing cotton at lower prices through CCI.Having adequate stock with CCI provides security to the industry. This year CCI has purchased approximately 1.06 crore bales of cotton at MSP, which has provided stability to the textile industry. Due to the purchase of about 1.05 crore bales out of the total arrivals, farmers got a price around the MSP of Rs 8100 throughout the season, while in states like Maharashtra and Gujarat, prices even reached Rs 8500-8600 above the MSP.MSP purchase maintains market stability, which benefits farmers. At the same time, when CCI sells cotton at a lower price, the industry gets a competitive advantage, which improves export and production activities. This is a positive step and the government should continue it. Another effect of this is that satisfaction among farmers has increased, due to which there is a possibility of 15-20% more cotton sowing next year.At present the demand remains strong. Spinning mills are getting good margins of Rs 20-25 per kg on yarn. A good amount of yarn demand is also coming from China, and advance orders for April-May have already been booked. Due to this, the position of Mills remains profitable at present.Talking about stock, there is adequate availability in the country. CCI has a stock of about 1 crore bales of cotton, while ginners and spinning mills also have a stock of about 3 months. On the one hand, cotton prices are relatively low and on the other hand, yarn prices are high, which creates favorable conditions for spinning mills. Also, mills are continuously purchasing cotton.Suggestion:This loss to CCI is ultimately compensated with taxpayers' money. Therefore, it is necessary that this cotton be preferentially reserved for the Indian textile industry and not sold to international traders. If this resource is used in domestic industry, it will provide long-term benefits to both farmers and industry.
Tamil Nadu surpasses Gujarat, Maharashtra to become India's top textile exporterChennai: Tamil Nadu has emerged as India's top state in textile exports, recording shipments worth USD 7,997.17 million for the fiscal year 2024-25, which is an increase of 29.12 per cent over the last four years, the government said.The state has witnessed a 29 per cent increase in export value in the last four years, an official release said.In 2020-21, Tamil Nadu's textile exports stood at USD 6,193 million.Chief Minister M K Stalin said Tamil Nadu has successfully outpaced competitors like Gujarat and Maharashtra to secure the first position."Tamil Nadu's export volume of textiles, which was USD 6,193.39 million in 2020-21 due to the planned actions of the Dravidian Model government, rose to USD 7,997.17 million in the next four years. Overall, in India's exports, Tamil Nadu accounts for 21.84 per cent," he wrote in a social media post.As per the National-Import-Export Record for Yearly Analysis of Trade data, the value of textile goods shipped from India was USD 36,610 million, of which Tamil Nadu accounted for USD 7,997.17 million.The National Import-Export Record for Yearly Analysis of Trade is a dedicated platform launched by the Centre to provide real-time comprehensive data on foreign trade."Tamil Nadu is in first place in India in textile export," the release said.The state has emerged at the top with higher exports among all other states, the release said, adding that schemes implemented by every government department led to a multifaceted growth of the State.Gujarat bagged the second rank with exports of USD 5,646.01 million followed by Maharashtra at USD 3,831.29 million, it added.read more :- Possibility of heavy rain and hail in 14 districts
Maharashtra hailstorm forecast: Hailstorm forecast in 14 districts More rainfall likely in the state today and tomorrowIMD Weather Forecast: There is a possibility of hailstorm in some parts of the state. Hail is expected at some places and rain at most places for two days.Heavy rain warning: There is a possibility of hailstorm in some parts of the state. Hail is expected at some places and rain at most places for two days. More rainfall is likely over East Vidarbha, South Marathwada and South Central Maharashtra. Orange alert has also been issued in some districts.The environment is favorable for rain in many parts of the state today. Meanwhile, hailstorm with lightning and thunder has been predicted at some places in Kolhapur, Satara, Sangli, Solapur, Beed, Dharashiv, Latur, Nanded, Parbhani, Hingoli, Yavatmal, Wardha, Chandrapur and Gadchiroli districts.The Meteorological Department estimates that at this time winds will blow at a speed of 50 to 60 kilometers per hour. Also today, rain with lightning is expected at some places in Sindhudurg, Ratnagiri, Raigarh, Pune, Ahilyanagar, Chhatrapati Sambhajinagar, Jalna, Washim, Amravati, Nagpur, Bhandara and Gondia districts.Rain and hailstorm are expected in the state tomorrow also. Tomorrow, there is a possibility of hailstorm with lightning and thunder at some places in Ahilyanagar, Beed, Jalna, Parbhani, Chhatrapati Sambhajinagar, Nashik and Jalgaon districts. It has also been predicted that stormy winds will blow at this time. There is a possibility of light rain in Vidarbha, Marathwada and other districts of Central Maharashtra.Rain will reduce in the state from Friday. Light rain has been predicted at some places in South Marathwada and East Vidarbha on Friday. The Meteorological Department has also predicted that the rainy season will clear in the state from Saturday and the temperature will start rising again.read more:- Raw material cost increased by 20–25% in India's textile industry
India's Textile Industry Sees 20-25% Surge In Raw Material CostsIndia’s textile industry is facing mounting pressure as raw material costs surge significantly, with over half of manufacturers reporting a 20–25% increase in input expenses. Industry associations and company sources point to rising costs across the value chain, creating a challenging environment for producers already operating on tight margins.A major driver behind this spike is the sharp rise in crude oil prices, which have crossed the $100 per barrel mark amid ongoing geopolitical tensions. Since a large portion of textile inputs are petroleum-based, this increase has directly impacted production costs. Synthetic fibres such as polyester and nylon—key components in India’s textile output—are especially affected.These fibres account for nearly 60% of the country’s textile production, making the industry highly sensitive to fluctuations in oil prices. As a result, polyester prices have jumped by around 20%, while nylon costs have risen by approximately 5%. In addition, dyes and chemicals have become costlier by nearly 20%, pushing overall dyeing expenses up by about 30%.The cumulative effect of these increases has driven garment manufacturing costs higher by 10–15%. This has significantly strained cost structures, particularly for small and medium-sized textile businesses that have limited ability to absorb such shocks.Further compounding the situation, logistics expenses have surged dramatically. Shipping and freight costs have risen by as much as 80–90%, largely due to global supply chain disruptions. This has added an extra burden, especially for exporters who rely heavily on international markets.For now, many companies are choosing to absorb these rising costs to avoid passing them on to consumers and risking a drop in demand. However, industry players caution that this strategy may not be viable in the long run. If elevated costs persist beyond a couple of months, price hikes may become unavoidable as firms struggle to maintain profitability while navigating continued input and logistics pressures.read more :- Odisha gives green signal to $33M investment in textile sector
Odisha clears US $33 Million in Investments for Garments, Technical TextilesThe Odisha government has approved 23 industrial investment proposals worth Rs. 4,510.65 crore (US $486 million), a move expected to generate more than 10,122 jobs across 11 districts in the state.The proposals were cleared at a meeting of the State-level Single Window Clearance Authority (SLSWCA), chaired by Chief Secretary Anu Garg, underscoring the state’s continued push to attract large-scale industrial investments and boost employment.Labour-intensive sectors, particularly garments and technical textiles, featured prominently among the approved projects. Sonaselection India Ltd is set to establish a garment manufacturing unit in Khurda with an investment of Rs. 130 crore (US $14.03 million), which is expected to create 1,858 jobs. Meanwhile, Alphatex Pvt Ltd will develop a technical textile manufacturing facility in the same district, investing Rs. 180 crore (US $19.43 million) and generating approximately 1,050 employment opportunities.The approvals reflect Odisha’s strategic focus on labour-intensive industries and infrastructure development, aimed at driving inclusive economic growth and enhancing job creation across multiple regions.read more :- UP will become textile hub, mega park in Lucknow
UP will become the new textile hub of the country, mega textile park being built in LucknowUttar Pradesh is moving rapidly towards industrial development under the leadership of Chief Minister Yogi Adityanath. In this series, a huge mega textile park is being developed in Lucknow, which will play an important role in establishing the state as a major textile hub of the country.This project is being developed under the Prime Minister Mega Integrated Textile Regions and Apparel (PM MITRA) scheme of the Central Government. About 1,000 acres of land has been acquired for this park and more than Rs 990 crore is being invested in the development of infrastructure. The entire textile value chain at one placeThe biggest feature of this mega park is that the entire textile value chain from 'farm to fiber, fiber to fabric and fabric to fashion' will be developed at one place. This will reduce production costs and provide better facilities to industries, which will strengthen Uttar Pradesh's position in global competition. Big opportunities for investment and employmentInvestment interest of more than Rs 63,000 crore has been shown so far for the proposed 7 PM Mitra Parks across the country. It is estimated that each park will generate about 3 lakh direct and indirect employment opportunities. With this, the youth of the state are likely to get jobs on a large scale. Better connectivity and infrastructureThe government is paying special attention to connecting this project with world-class facilities. Strong system of roads, electricity, water and logistics will make it attractive for investors. Steps towards self-reliant UPThis mega textile park is an important initiative towards making Uttar Pradesh an employment generating state. In the coming time, this project can establish new dimensions of investment, export and industrial development, which will strengthen the economy of the state.read more:- MSP Support of ₹1,718.56 Crore for Cotton Farmers
Cabinet Approves ₹1,718.56 Crore MSP Support for Cotton Farmers Through CCIIn a significant move aimed at strengthening farmer welfare, the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved ₹1,718.56 crore in Minimum Support Price (MSP) funding for the Cotton Corporation of India (CCI) for the 2023–24 cotton season.This financial support is intended to provide direct price assurance to cotton farmers across the country.For the 2023–24 season, cotton cultivation covered an estimated 114.47 lakh hectares, with production projected at 325.22 lakh bales—nearly 25% of global cotton output. The MSP for seed cotton (kapas) is determined based on recommendations from the Commission for Agricultural Costs and Prices.According to the CCEA, MSP operations are crucial in protecting farmers, especially when market prices dip below the MSP. These interventions help stabilise prices, prevent distress sales, and ensure fair returns, thereby strengthening the economic security of cotton-growing communities.Cotton remains one of India’s most important cash crops, supporting around 60 lakh farmers and providing livelihoods to 400–500 lakh people engaged in related sectors such as processing, trade, and textiles.The Cotton Corporation of India serves as the central nodal agency for MSP operations in cotton. It procures all Fair Average Quality (FAQ) cotton from farmers without any quantitative limit whenever market prices fall below MSP levels, offering a reliable safety net.To ensure smooth procurement, CCI has set up an extensive network across 11 major cotton-producing states, with over 508 procurement centres operating in 152 districts. Additionally, the corporation has introduced several technology-driven and farmer-focused initiatives to improve efficiency and transparency in MSP operations.read more :- Rupee fell 23 paise to close at 92.63 per dollar
The Indian rupee lower 23 paise to close at 92.63 per dollar on Wednesday, compared to its opening price of 92.40 in the morning.At close, the Sensex was up 633.29 points or 0.83 percent at 76,704.13, and the Nifty was up 196.65 points or 0.83 percent at 23,777.80. About 3045 shares advanced, 1073 shares declined, and 128 shares unchanged.read more :- Result of war: Increase in cotton yarn demand
War fallout: Demand for cotton yarn picks up from ChinaDemand for Indian cotton yarn has picked up from countries such as China, Bangladesh and Vietnam among following the disruption in global logistics after the break-out of war in West Asia.“There is a very good demand for cotton yarn from China. Due the disruption in the global supply chain, whatever cotton the Chinese buyers may have bought may not reach in time. So instead of buying cotton, they are buying cotton yarn from India to meet their immediate requirement,” said Vinay N Kotak, President, Cotton Association of India (CAI).Kotak said the cotton imports are affected because of this disruption in supply chain. The freight rates have gone up and also the prices have moved up. Also, the transit time has increase substantially – may be by at least 10-15 days, he said.To ease the cotton supply situation, China has increased the quota for imports compared to last year. On Monday, the National Development and Reform Commission (NDRC) of China has issued 3 lakh tonne of cotton sliding-scale duty quota to ease the current tight cotton supply situation. This year the quota is higher by 1 lakh tonne when compared with 2025.Ramanuj Das Boob, a sourcing agent in Raichur said the demand for yarn is good from China and also from countries such as Bangladesh and Vietnam. Yarn prices have improved by ₹10-15 per kg on rising demand.Further, the domestic prices are also seen improving on firming demand and tracking the global market. Cotton Futures on ICE are hovering around 68.78 cents per pound, an increase of 13 per cent over the past two weeks.In the domestic market, the Cotton Corporation of India (CCI), currently the largest stock holder, has increased the prices by a total ₹1,200 per candy in last two days.“There is a good demand for cotton due to better yarn prices,” Boob said.Taking into account the emerging developments in the markets, CAI has revised upwards the domestic off-take of cotton by 10 lakh bales of 170 kg each to 315 lakh bales as of end-February, compared to end-January projections of 305 lakh bales.read more :- Techtextil to focus on performance clothing in 2026
Techtextil 2026 highlights growth in performance apparelTechtextil 2026 highlights the growing demand for high-performance textiles in the apparel industry, with a strong focus on innovation, functionality, and sustainability. The “Performance Apparel Textiles” segment in Hall 9.0 features around 130 exhibitors from 13 countries, showcasing advanced materials for workwear, protective clothing, smart fashion, outdoor gear, and sportswear. Leading global companies are presenting solutions designed to meet evolving industry needs.A key attraction is the live showcase, “Performance Apparels on Stage,” where cutting-edge wearable technologies are demonstrated in real-world scenarios. These presentations bring textile innovations to life, illustrating how materials can protect, regulate temperature, enhance comfort, and even integrate smart features such as lighting and sensing capabilities.Functional textiles are increasingly designed for extreme conditions, offering benefits such as cooling, durability, and safety. This creates new opportunities for brands to differentiate their products while combining performance with comfort and sustainability. The event also serves as a hub for industry professionals in sourcing, product development, and design to explore new applications and form partnerships.An expert jury selected standout innovations that reflect a holistic approach to sustainability, including durability, repairability, and user comfort. Exhibits range from UV-protective garments and flame-resistant fabrics to circular materials and thermoregulating apparel, demonstrating the breadth of technological advancement in the sector.Notable innovations include recyclable and stretchable workwear fabrics, lightweight protective suits for extreme conditions, chemical-free UV protection garments, and knit-to-shape designs with integrated lighting. Other developments focus on heat management, recycled multi-risk fabrics, and materials that maintain a stable microclimate using advanced fibre technologies.Alongside Techtextil, Texprocess in Hall 8.0 complements the showcase by focusing on textile manufacturing technologies. It highlights how innovations can be efficiently scaled into production through automation and AI-supported processes, bridging the gap between material development and industrial application.read more :- ATEXCON 2026 in Hyderabad hosted by CITI
CITI, Telangana to host ATEXCON 2026 in Hyderabad, IndiaThe Confederation of Indian Textile Industry (CITI), in partnership with the Government of Telangana, will host the 13th Asian Textile Conference (ATEXCON) on April 2–3, 2026, in Hyderabad. Themed “Reimagining the Future of Global Textiles,” the event will run alongside the Telangana Textile Dialogue, bringing together global industry leaders, policymakers, and stakeholders.ATEXCON 2026 aims to serve as a strategic platform to shape the next decade of the textiles and apparel industry. According to CITI Chairman Ashwin Chandran, the conference will go beyond discussions, focusing on actionable strategies to strengthen the sector amid global uncertainty and rapid transformation.The conference will center on three major pillars: fibres and fabrics, manufacturing and supply chains, and markets and trade. Discussions will explore scalable innovations such as bio-fibres, manmade fibres, and traceability, alongside advancements in AI-driven manufacturing, automation, and circularity, as well as strategies to tap into emerging consumer markets.Key highlights include a Ministerial Dinner to foster dialogue between policymakers and industry leaders, Lifetime Achievement Awards to honor contributions to the textile sector, and a Startup Pitch and Networking Gala. The startup platform will spotlight innovations in materials, recycling, AI, logistics, and supply chain technologies.Delegates will also have the opportunity to visit the PM MITRA Park in Warangal, offering insights into India’s evolving textile manufacturing ecosystem. This initiative reflects the country’s push toward integrated, large-scale textile infrastructure.The Telangana Textile Dialogue, held in parallel, will focus on building a future-ready textile ecosystem driven by sustainability, technology, and global collaboration. With discussions spanning policy, investment, innovation, and skill development, the event aligns with India’s broader ambition to grow its textile and apparel industry to $350 billion by 2030 while strengthening its role as a major economic and employment driver.read more :- The rupee opened 2 paise lower at 92.40.
Rupee Opens 2 Paise lower at 92.40/USDThe Indian Rupee opened 2 paise lower at 92.40 against the dollar on Wednesday, compared to its Tuesday closing level of 92.38.READ MORE :- Rupee higher 01 paise to close at 92.38 per dollar
The Indian rupee higher 01 paise to close at 92.38 per dollar on Tuesday, compared to 92.39 in the morning.At close, the Sensex was up 567.99 points or 0.75 percent at 76,070.84, and the Nifty was up 172.35 points or 0.74 percent at 23,581.15. About 2252 shares advanced, 1820 shares declined, and 138 shares unchanged.read more :- Crisis in cotton procurement: Increasing difficulties faced by farmers
Pile of challenges in cotton procurement: Increasing difficulties faced by farmersCCI should keep the procurement centers open till the end of April and procure cotton from all those farmers who are awaiting registration, those who have registered but have not booked slots.Agriculture Minister Dattatreya Bharne presented a picture in the Assembly that there is no problem in the agriculture sector and everything is prosperous. At the same time, the cotton growers of Vidarbha are in a dilemma as to where to sell the cotton as the procurement by 'CCI' (Cotton Corporation of India) has stopped. In Yavatmal district alone, more than 40,000 farmers are waiting to register to sell cotton, and we should estimate the number of farmers waiting across the state.This year, cotton suffered huge losses due to heavy rains in Kharif. Due to prolonged monsoon, the cotton of the first crop got wet and spoiled. Apart from this, cotton plucking also started late. Farmers have to get cotton plucked by laborers. For the last few years, cotton picking laborers are not available. Farmers have to pay arbitrary wages to pick cotton. The guaranteed price of cotton is Rs 8110 per quintal. Since the prices in village procurement were Rs 6000 to Rs 7000, some producers were inclined towards CCI procurement centres. But CCI's cotton purchases have been a roller coaster ride for growers since the beginning of the year.CCI procurement centers started late. This year, for the first time, registration on the Cotton Kisan App was made mandatory. Many cotton farmers do not have smart phones, lack of internet network also led to lack of registration in some areas. CCI had earlier claimed that all the cotton from registered farmers would be purchased. However, after registering the cotton farmers, slot booking was made mandatory for when they would bring the cotton for sale.But many farmers were told that there is no space available for slot booking at most of the centres. Producers are now raising questions as to what will happen to our cotton procurement due to lack of registration and slot booking. Like last year, this year too it was estimated that cotton would be procured from CCI by the end of March. Looking at the overall situation this year, producers demanded that cotton procurement should continue till the end of April. Chief Minister Devendra Fadnavis had also sent a letter to Union Textiles Minister Giriraj Singh demanding extension of the cotton procurement deadline till April 30, 2026.But after the expiry of the deadline of 28th February, the purchase of CCI was extended till 15th March only. Procurement at most centers actually continued for only six days due to delays in procurement during the extension period and holidays. Keeping all these aspects in mind, CCI's purchasing centers should be continued till the end of April. Also CCI should purchase cotton from all those farmers who are waiting for registration, registered but slots are not booked.Since prices were initially low, many producers stockpiled cotton in anticipation of a boom. But after incurring losses, CCI started selling cotton at lower prices in January itself, thereby stopping the price rise. Of course, cotton growers did not get any relief from CCI, on the contrary, their policy of selling cotton at low prices has affected the farmers. From seed to marketing process, government policies are at the core of cotton growers.read more :- Rupee Opens 3 Paise Higher at 92.39
Rupee Opens 3 Paise Higher at 92.39/USDThe Indian Rupee opened 3 paise higher at 92.39 against the dollar on Tuesday, whereas it had closed at 92.42 on Monday.READ MORE :- Nahar Group will invest Rs 1,500 crore in Punjab
Punjab Investors' Summit: Nahar Group to invest Rs 1,500 cr across textiles, renewables, data centrePunjab witnessed major investment commitments during the Progressive Punjab Investors' Summit 2026 in Mohali, with several industrial leaders announcing large-scale projects aimed at boosting the state's economy and employment opportunities.At the summit, Kamal Oswal, chairman of Nahar Group, announced an investment of ₹1,500 crore for modernising the company’s existing textile units, expanding renewable energy initiatives, and establishing a new data centre in Mohali. He said the summit reflected renewed confidence among investors and highlighted that Punjab is once again emerging as a strong destination for industrial investment.Oswal also noted that the state’s industrial sector had faced a slowdown in the past, with many companies exploring opportunities outside Punjab. However, he credited the leadership of Chief Minister Bhagwant Mann for restoring investor confidence and rebuilding an industry-friendly environment in the state.Several other industrialists also announced significant investments. P. J. Singh, managing director of Tynor Orthotics, revealed plans to invest ₹1,000 crore over the next three years, describing the summit as an important platform to showcase investment opportunities in the state. Similarly, Rudra Pratap, Vice Chancellor of Plaksha University, said ₹950 crore has already been committed for developing the institution and announced an additional ₹5,000 crore investment plan to strengthen innovation, education, and entrepreneurship.Industry representatives from companies such as Arisudana Industries, Sanatan Polycot, and Ganga Acrowools Ltd also expressed appreciation for the Punjab government’s support to the industrial sector. Ajay Datani of Sanatan Polycot highlighted that Punjab is becoming one of the most promising industrial destinations due to its efficient implementation and nurturing of industrial projects.Meanwhile, Ashish Kumar, managing director of Vervio India, emphasised the company’s commitment to sustainable development through its paddy straw-based compressed biogas plant in Punjab, which has a production capacity of 33 tonnes per day. He added that farmers in the state are key stakeholders in the initiative, further strengthening the link between industry and agriculture.read more :- WPI Rises to 2.13% in February Due to Rising Clothing Prices
India's WPI inflation at 2.13% in Feb amid higher textile prices India’s wholesale price inflation, measured by the Wholesale Price Index, rose to 2.13 per cent year-on-year (YoY) in February 2026, up from 1.81 per cent in January, reflecting rising prices of manufactured goods, food articles and textiles, according to the press release by the Ministry of Commerce and Industry.The overall WPI index increased to 158.2 in February from 157.8 in January, while month-on-month (MoM) inflation stood at 0.25 per cent. The positive inflation rate was mainly driven by higher prices in other manufacturing, basic metals, non-food articles, food products and textiles.Within the manufacturing segment, which carries the largest weight in WPI, the index rose 0.47 per cent MoM to 148.2 in February. Out of the 22 national industrial classification (NIC) groups, 16 groups recorded price increases, including food products, textiles, electrical equipment and chemicals, while five groups registered price declines.The manufacture of textiles category showed a 0.71 per cent monthly increase, with its index reaching 141.4 in February. On a yearly basis, textile inflation accelerated to 3.29 per cent, compared with 2.48 per cent in January, indicating strengthening price pressures in the textile manufacturing segment.The wearing apparel category also saw moderate inflation, with prices rising 0.13 per cent MoM and 2.14 per cent YoY.Among major WPI groups, primary articles inflation rose to 3.27 per cent, while movements in fuel and manufactured products also influenced overall price trends during the month.The data suggests that producer-side price pressures continued to build across several commodity groups in February.read more :- Crisis on Barwani cotton trade due to Iran-Israel war
Iran-Israel war's impact on Barwani's cotton trade, fear of export stallingThe impact of the Iran-Israel war is now visible on the cotton trade of Barwani district of Madhya Pradesh. Increasing uncertainty in international sea routes may affect imports and exports, which has increased concerns among local traders.According to Gopal Tayal, a cotton trader from Barwani and president of the Cotton Association, India's cotton trade largely depends on international import-export. India imports long staple cotton from countries like America, Brazil and Australia.Transportation costs will increase due to sea routes being affectedGopal Tayal, local cotton trader of the district and president of the Cotton Association, said that in the current war situation, many countries including America are involved in it in some way or the other, due to which global business activities are being affected. Important sea routes near Iran, especially the Gulf of Hormuz, have become extremely sensitive.If this route is affected, ships will have to take a longer detour through Africa, which will significantly increase transportation costs and make trade expensive.Pressure may increase on cotton and textile industryIndia imports cotton in large quantities from America, while the clothes and readymade garments produced here are exported to many countries in Europe. But due to the war, instability in the markets of Europe has also increased.If exports are disrupted, finished goods may remain stuck within the country, which will increase the pressure of goods in the market and the textile industry may have to suffer huge losses.Transportation is expensive, prices of clothes increase by 30-35%Traders say transportation costs have increased due to disruption in ship movement in the Strait of Hormuz and costly war risk insurance. Due to increase in the prices of raw materials, the prices of finished clothes are also increasing by about 30-35 percent and exports have almost come to a standstill.Traders said that it is necessary to establish peace soon, so that international trade can become normal and the cotton and textile industry can be saved from losses.read more :- The rupee closed 02 paise higher at 92.42 against the dollar.
On Monday, the Indian rupee closed 02 paise higher at 92.42 against the dollar, after opening at 92.44.At close, the Sensex was up 938.93 points or 1.26 percent at 75,502.85, and the Nifty was up 257.70 points or 1.11 percent at 23,408.80. About 1410 shares advanced, 2772 shares declined, and 157 shares unchanged.read more :- Purchase of 19.16 lakh quintals of cotton in Parbhani and Hingoli
19.16 lakh quintals of cotton purchased in Parbhani, HingoliParbhani: Season 2025-26 is in its last phase and till Thursday (12th), CCI (Cotton Corporation of India) and private sector purchased 19 lakh 16 thousand 972 quintals of cotton in Parbhani and Hingoli districts. Out of this, CCI purchased 10 lakh 33 thousand 191 quintals, while the private sector purchased 8 lakh 83 thousand 781 quintals of cotton.At 14 centers in these two districts, 88,377 farmers had registered to sell cotton at guaranteed prices at CCI centers through the Cotton Kisan mobile app. At the beginning of the cotton procurement season, the open market price was below the guaranteed price.This caused a break in CCI cotton procurement. Most farmers kept cotton at home, hoping that prices would rise further in the open market. But open market prices fell in February. For this reason the farmers went back to CCI. CCI had extended the deadline for purchasing cotton till Sunday (15th).But due to holidays, many farmers could not sell cotton at CCI centres. Due to cotton prices being lower than the guaranteed price in the open market, farmers have demanded extension of the CCI cotton purchase deadline till March 31.read more :- Rupee Opens 1 Paisa Higher at 92.44
| title | Created At | Action |
|---|---|---|
| ₹1718 crore on MSP: Big help to farmers and industry | 19-03-2026 18:21:54 | view |
| Tamil Nadu becomes number 1 textile exporter | 19-03-2026 17:07:09 | view |
| Possibility of heavy rain and hail in 14 districts | 19-03-2026 14:06:25 | view |
| Raw material cost increased by 20–25% in India's textile industry | 19-03-2026 12:14:20 | view |
| Odisha gives green signal to $33M investment in textile sector | 19-03-2026 11:59:47 | view |
| UP will become textile hub, mega park in Lucknow | 18-03-2026 17:28:53 | view |
| MSP Support of ₹1,718.56 Crore for Cotton Farmers | 18-03-2026 17:19:36 | view |
| Rupee fell 23 paise to close at 92.63 per dollar | 18-03-2026 15:39:39 | view |
| Result of war: Increase in cotton yarn demand | 18-03-2026 11:47:36 | view |
| Techtextil to focus on performance clothing in 2026 | 18-03-2026 11:20:05 | view |
| ATEXCON 2026 in Hyderabad hosted by CITI | 18-03-2026 11:05:27 | view |
| The rupee opened 2 paise lower at 92.40. | 18-03-2026 09:21:31 | view |
| Rupee higher 01 paise to close at 92.38 per dollar | 17-03-2026 16:53:53 | view |
| Crisis in cotton procurement: Increasing difficulties faced by farmers | 17-03-2026 12:00:03 | view |
| Rupee Opens 3 Paise Higher at 92.39 | 17-03-2026 09:13:42 | view |
| Nahar Group will invest Rs 1,500 crore in Punjab | 16-03-2026 17:28:09 | view |
| WPI Rises to 2.13% in February Due to Rising Clothing Prices | 16-03-2026 17:09:26 | view |
| Crisis on Barwani cotton trade due to Iran-Israel war | 16-03-2026 16:56:37 | view |
| The rupee closed 02 paise higher at 92.42 against the dollar. | 16-03-2026 15:40:07 | view |
| Purchase of 19.16 lakh quintals of cotton in Parbhani and Hingoli | 16-03-2026 11:36:16 | view |
