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Tamil Nadu’s Textile Industry Boosts Competitive Edge Through Value Addition and InnovationDespite global challenges such as tariffs, currency exchange rate fluctuations, inflation, and geopolitical tensions, Tamil Nadu's textile industry is forging ahead strongly. Moving beyond a reliance solely on production capacity, the industry is now exploring new growth avenues through value addition, product diversification, and research and development (R&D).Tamil Nadu is a key hub of India's textile sector. The state houses 1,861 of the country's 3,376 spinning mills, accounting for approximately 46 percent of the total spinning capacity. Coimbatore serves as the primary hub for the spinning industry, while Karur is known for home textiles, and Erode for weaving and processing activities.Industry players report that demand for textile products remains stable despite global uncertainties. Consequently, many companies are increasing investments in emerging segments such as home textiles, specialty yarns, and technical textiles. Special emphasis is also being placed on developing products based on organic, recycled, and alternative fibers.Companies are now focusing on specialized products to achieve better margins and long-term competitiveness. Segments such as polyester-viscose blends, ultra-fine fibers, protective garments, and military textiles are rapidly gaining popularity. Many manufacturers are also working with alternative raw materials like hemp and banana fiber.A positive sentiment prevails in industrial clusters such as Tiruppur and Erode. The market is witnessing shorter product cycles, increased customization, and fewer repeat orders, prompting companies to shift towards order-based production models.Simultaneously, many manufacturers are strengthening vertical integration by investing in facilities for yarn dyeing, fabric processing, digital printing, and garment manufacturing. Industry experts believe that future success will be determined not merely by large-scale production, but by innovation, differentiation, and the ability to develop solutions tailored to the changing needs of customers.read more :- India Textile Industry Targets $350 Billion by 2030

India's Textile Industry Moving Towards $350 Billion Target by 2030: Giriraj SinghUnion Textiles Minister Giriraj Singh stated on Thursday that India's textile industry has reached a level of approximately $190 billion by 2025-26 and is poised to achieve the $350 billion target by 2030. He noted that the sector has witnessed remarkable growth over the past decade, emerging as a key pillar of the country's economy and a major driver of employment generation.According to the Minister, the domestic textile market has expanded from approximately ₹6 lakh crore in 2014-15 to over ₹16 lakh crore. Meanwhile, the textile and apparel sector currently provides direct employment to more than 5.3 crore people. An additional 2 crore employment opportunities are expected to be created in this sector over the next three years.Highlighting the achievements of the last 12 years, Singh stated that Prime Minister Narendra Modi’s ‘5F’ vision—‘Farm to Fibre’, ‘Fibre to Factory’, ‘Factory to Fashion’, and ‘Fashion to Foreign’—has fostered a robust and integrated value chain connecting farmers, weavers, artisans, manufacturers, and exporters.He mentioned that the government has launched several key initiatives to boost the textile sector, such as PM MITRA Parks, the Production Linked Incentive (PLI) scheme, the National Technical Textiles Mission (NTTM), the Textiles Export Promotion Mission (TEEM), the National Fibre Mission, and the Raw Material Support Scheme (RMSS). These schemes are strengthening investment, technological innovation, sustainability, and export competitiveness.Singh added that the Cotton Productivity Mission has been launched to support cotton farmers and ensure the availability of adequate raw material for the industry, and import duties on cotton have been removed. Furthermore, exports are being promoted through schemes like RoSCTL and RoDTEP. He stated that India's FTA network has expanded from 10 agreements with 19 countries in 2014 to 18 agreements with 56 countries, creating new opportunities for exports and investment.read more :- Cotton Carry-Forward Stock May Cross 85 Lakh Bales

India's Cotton Carry-Forward Stock Projected to Exceed 85 Lakh Bales in 2026-27 Due to Rising ImportsThe impact of the government's recent import duty waiver—aimed at providing the textile industry with higher-quality cotton—is becoming clearly visible in the cotton market. Industry experts estimate that India's total cotton imports for the 2025-26 season could reach 60–65 lakh bales (170 kg per bale). Consequently, the country's carry-forward stock for the 2026-27 season, commencing in October 2026, is likely to rise by approximately 42 percent to exceed 85 lakh bales.According to the Cotton Association of India (CAI), 43.5 lakh bales of cotton had been imported into the country by the end of May 2026; this represents an increase of nearly 32 percent compared to the 33 lakh bales imported during the same period the previous year. Previously, the CAI had projected total season imports at 47 lakh bales, but the duty waiver has created the possibility of a significant increase in this figure.Atul S. Ganatra, Chairman of the CAI's Crop Committee, stated that 43.5 lakh bales of cotton had arrived at Indian ports by the end of May. He believes that the recent policy change could lead to an additional 15 lakh bales of imports, pushing the total import volume to the 60–65 lakh bale range.The CAI has maintained its cotton production estimate for 2025-26 at 334 lakh bales. Meanwhile, the closing stock at the end of the season is projected to be 85.59 lakh bales—an increase of approximately 25 lakh bales over the previous year's figure of 60 lakh bales. According to experts, textile mills are prioritizing imported cotton—despite prices being roughly on par with domestic cotton—because it yields about 4 percent more yarn, and the finished yarn fetches a premium of approximately ₹7 per kilogram in the market. This is why the demand for imported cotton remains consistently strong.read more :- The rupee higher by 27 paise against the dollar to close at 95.11.

On Friday the Indian Rupee higher by 27 paise to close at 95.11 against the US dollar, after opening at 95.38 in morning trade.At close, the Sensex was up 1,695.40 points or 2.30 percent at 75,527.95, and the Nifty was up 461.30 points or 1.99 percent at 23,622.90. About 3110 shares advanced, 969 shares declined, and 149 shares unchanged.read more :-Monsoon Advances Across India, Boosts Outlook for Cotton and Soybean Crops

Monsoon Advances Further Across India: Positive Signals for Cotton and Soybean CropsThe Southwest Monsoon is expected to advance into additional parts of Maharashtra, Karnataka, Telangana, Andhra Pradesh, Chhattisgarh, Odisha, Bihar, Jharkhand, and West Bengal over the next few days. This development is being closely watched by cotton and soybean stakeholders as timely rainfall remains crucial for sowing progress and crop establishment.Weather agencies indicate that favourable atmospheric conditions are supporting the monsoon's northward movement. Rainfall activity is likely to increase across several central and eastern regions, providing much-needed soil moisture for kharif crop operations.IMPACT ON COTTONFor major cotton-growing regions of Maharashtra, Telangana, Karnataka, and parts of Madhya Pradesh, the expected rainfall is likely to support sowing activities and improve field moisture levels. Adequate early-season rainfall generally encourages better crop establishment and may increase farmer confidence in acreage expansion.However, farmers are advised to monitor local rainfall intensity, as excessive showers in newly sown fields could temporarily affect germination and field operations. Heatwave conditions currently prevailing in parts of Vidarbha and Madhya Pradesh may ease gradually as monsoon activity strengthens.IMPACT ON SOYBEANSoybean-growing belts across Madhya Pradesh, Maharashtra, and Chhattisgarh are expected to benefit from the advancing monsoon. Improved soil moisture conditions can accelerate land preparation and sowing activities during the coming weeks.Market participants are closely monitoring rainfall distribution, as a timely monsoon onset is often associated with improved crop prospects and higher sowing momentum. Consistent rainfall during June will remain critical for achieving healthy crop establishment.REGIONAL WEATHER OUTLOOKDuring the next 24 hours, light to moderate rainfall is expected over Bihar, Jharkhand, Odisha, Chhattisgarh, East Madhya Pradesh, Telangana, Andhra Pradesh, and other adjoining regions. Moderate to heavy rainfall may occur over Kerala, Coastal Karnataka, Sub-Himalayan West Bengal, Sikkim, and parts of Northeast India.Meanwhile, isolated heatwave conditions may continue over parts of Rajasthan and Vidarbha. Dust storms and thunderstorms are also possible in North Rajasthan, Delhi, Haryana, and western Uttar Pradesh.MARKET VIEWThe advancing monsoon is generally viewed as supportive for the upcoming cotton and soybean season. While rainfall distribution over the next two weeks will be crucial, current weather developments are encouraging for kharif sowing progress across major agricultural regions. Traders, processors, and textile industry participants will continue to monitor monsoon coverage and rainfall patterns for their potential influence on crop prospects and market sentiment.READ MORE :- 96 Companies Approved Under Textile PLI Scheme Round III, Investment Commitment Reaches ₹12,822 Crore

96 companies approved in Round III of the Textile PLI Scheme, investment expected at ₹12,822 croreThe Central Government has approved 22 new applicants under the third round of the Production Linked Incentive (PLI) scheme for the textile sector. This brings the total number of companies approved under Round III to 96.According to the Ministry of Textiles, the newly approved projects are expected to generate investments of ₹2,339.14 crore, an estimated turnover of ₹15,561.34 crore in notified products, and create over 36,000 employment opportunities across the textile value chain.With the latest approvals, the total committed investment under the third round of the PLI scheme has reached ₹12,822.67 crore. The approved projects are expected to generate an estimated turnover of ₹58,294.18 crore.The approved applicants are primarily from key sectors such as man-made fiber (MMF) apparel, MMF fabrics, and technical textiles. The government has prioritized these sectors to enhance India's value-added textile manufacturing capacity and strengthen its competitive position in the global market.The Ministry states that these approvals reflect the industry's growing interest in emerging textile segments. The proposed projects are expected to drive production capacity expansion, technological upgradation, and the development of an integrated textile manufacturing ecosystem.The government launched the Textile PLI Scheme with the aim of attracting large-scale investment in the man-made fiber and technical textile sectors. These sectors are considered crucial for increasing India's share in the global textile and apparel market.According to the Ministry, the approved investments will play a key role in accelerating manufacturing growth, promoting employment generation, and strengthening domestic production capacity in line with the goal of Atmanirbhar Bharat. Also, the new production capacities will help make India a more competitive textile hub globally.READ MORE :- Government Withdraws Cotton Bales QCO

Cotton Bales QCO Revoked; Relief for Ginning Industry.The Central Government has withdrawn the Cotton Bales (Quality Control) Order (QCO), 2023, with immediate effect. A notification issued by the Ministry of Textiles has brought an end to the quality control regime that had been in the works for three years but could never be implemented due to industry opposition and practical challenges.The Cotton Bales QCO was originally notified on February 28, 2023, under the Bureau of Indian Standards (BIS) Act. It mandated BIS certification—in accordance with Indian Standard IS 12171:2019—for all cotton bales sold in the domestic market. However, cotton bales intended for export and products manufactured to meet the specific requirements of foreign buyers were exempted from this rule.The government had initially granted the industry a 180-day transition period before the QCO came into force. However, the effective date was repeatedly postponed due to persistent concerns raised by the ginning industry. Under a notification issued in July 2025, the deadline had been extended from August 27, 2025, to August 27, 2026; the order's implementation had been deferred on previous occasions as well.Industry bodies, particularly the Cotton Association of India (CAI), argued that ginning units would need to make massive investments in modern machinery and quality control systems to comply with BIS standards. Most ginning units fall under the MSME category, and adopting these standards within the stipulated timeframe was difficult due to their limited resources. The industry maintained that extensive technical upgrades would be required to meet standards regarding moisture, impurities, and trash content.While the government extended the deadline several times in light of these objections, it ultimately decided to revoke the order entirely. The ministry's latest notification does not provide a detailed account of the reasons for the cancellation. It merely states that the decision was taken in the public interest following consultations with the Bureau of Indian Standards.read more :- Rupee Gains 38 Paise, Opens at 95.38 Against Dollar

The rupee opened 38 paise higher at 95.38 USD.The Indian rupee opened 38 paise higher at 95.38 against the dollar on Friday. While on Thursday it closed at 95.76.READ MORE :- The rupee ended 19 paise lower at 95.76 against the dollar.

On Thursday the Indian Rupee lower by 19 paise to close at 95.76 against the US dollar, after opening at 95.57 in morning trade.At close, the Sensex was down 150.63 points or 0.20 percent at 73,832.55, and the Nifty was down 53.35 points or 0.23 percent at 23,161.60. About 1325 shares advanced, 2681 shares declined, and 187 shares unchanged.read more :- Cotton Mandi Fee Cut to 0.5% in Madhya Pradesh; Boost for Ginning Mills and Tribal Employment

Cotton Mandi Fee Halved: Relief for Ginning Mills; Employment Opportunities to Rise in Tribal AreasThe Madhya Pradesh government has decided to reduce the mandi fee (market fee) on cotton from 1 percent to 0.5 percent. This decision, taken during a cabinet meeting chaired by Chief Minister Mohan Yadav, is expected to directly benefit around nine ginning mills in the Manawar, Gandhwani, Singhana, and Bakaner regions. Additionally, it will create new employment opportunities in tribal-dominated areas.Boost to Local IndustryAccording to Pawan Kushwaha, Factory Manager at Biosustain Fibers in Manawar, the reduction in the mandi fee will strengthen the local ginning industry. Previously, a large portion of the region's raw cotton was purchased by traders from neighboring states—particularly Gujarat—leaving local mills without adequate raw material. The Ginners' Association had long been demanding a cut in the mandi fee.Earlier, the government levied a mandi fee of one rupee per hundred rupees on cotton. With the fee reduction, the outflow of raw cotton from Madhya Pradesh to Gujarat and Maharashtra is likely to decrease. Conversely, cotton from the border areas of Maharashtra may now reach ginning units in Madhya Pradesh.Boost to Employment and InvestmentLast year, cotton arrivals recorded were approximately 25,000 bales in Manawar, 7,500 bales in Bakaner, and around 40,000 bales in Singhana. Industry stakeholders believe that the new arrangement could see the return of some industries that had previously moved out of the state, potentially creating jobs for thousands of people.This move could also prove helpful in curbing the migration of laborers from tribal development blocks like Manawar, Gandhwani, and Umarban to Maharashtra and Gujarat.Benefits for FarmersExperts believe that cotton-producing farmers could receive an additional ₹40 to ₹50 per quintal in local *mandis*. As traders save on transportation and tax-related costs, a portion of that benefit is likely to reach the farmers. This could also provide an incentive for increased cotton production. Increase in General Mandi FeeIn the interest of farmers, the Council of Ministers has also decided to increase the general mandi fee from ₹1.00 to ₹1.50 per hundred. The additional revenue generated will be utilized for development works related to the 'Kisan Sadak Nidhi' (Farmers' Road Fund) and agricultural research, thereby helping to further strengthen agricultural infrastructure.READ MORE :- India Rejects US Overcapacity Claims on Textile and Steel Sectors

India Rejects Allegations of Overcapacity in Textile and Steel Sectors During US 'Section 301' ProbeIndia has dismissed allegations raised during the US Trade Representative's (USTR) 'Section 301' investigation, which claimed that the country's textile and steel sectors possess excessive production capacity (overcapacity).According to Reuters, Additional Secretary (Trade) Amitabh Kumar stated on Wednesday that the production capacity of these industries in India aligns with domestic demand and must be viewed in the context of the country's large population and growing consumption needs. He noted that, on a per capita basis, India's production and consumption levels remain significantly lower than those of many developed economies.In its investigation, the US has raised the issue of alleged structural overcapacity in key Indian sectors such as solar equipment, petrochemicals, steel, and textiles. Additionally, India's trade surplus of approximately $42 billion with the US has been highlighted.Meanwhile, the Textile Export Promotion Council (TEXPROCIL) has also submitted a detailed response to the USTR, contesting the US claims. The industry body asserts that production figures for the cotton, yarn, and fabric segments do not indicate any unusual capacity expansion. On the contrary, production in several areas has remained stagnant or declined, undermining allegations of structural oversupply.The Ministry of Commerce has also presented the case for the affected industries, rejecting allegations regarding overcapacity and the use of forced labor in the Indian cotton textile sector.It is worth noting that the USTR investigation was initiated to assess whether various countries are creating manufacturing advantages—through subsidies, labor costs, or other policy measures—that could lead to imbalances in global trade. Beyond textiles and steel, the scope of the investigation includes petrochemicals, health products, and the automotive sector.READ MORE :- Pearl Millet Replaces Cotton as Preferred Crop in South Haryana