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The Indian rupee on Friday lower 82 paise to close at 93.70 per dollar, while it opened at 92.88 in the morning.At close, the Sensex was up 325.72 points or 0.44 percent at 74,532.96, and the Nifty was up 112.35 points or 0.49 percent at 23,114.50. About 2330 shares advanced, 1764 shares declined, and 152 shares unchanged.read more :- Textile export center established in Jaipur to facilitate SMEs

Textile export centre set up in Jaipur to facilitate SMEsJaipur: The Union Ministry of Textiles has inaugurated a Textile Export Facilitation Centre (TEFC) in Jaipur to help bridge the gap between production and international markets, with end-to-end support for exporters, especially small and medium enterprises. The centre, set up by the ministry's Textiles Committee, was launched by Amrit Raj, development commissioner for handicrafts.Speaking at the event, Raj said the facility would benefit small and new exporters, noting that India's textile exports remain under 1% in nearly 40 countries. "This centre will provide vital information on market demands, trade agreements, incentive schemes, and associated risks," she said. Industry leaders, including Rakshit Poddar, president of the Garment Exporters Association of Rajasthan, and general secretary Amit Maheshwari, said the Jaipur TEFC would be a major boost for young entrepreneurs entering garment exports. Jaipur is the sixth pilot centre after Karur, Surat, Ichalkaranji, Varanasi and Ludhiana. Officials said the centre will work closely with exporters and offer faster certification, training and market intelligence. Certificates of origin, often issued within four to five hours, will help exporters access preferential duties in overseas markets.The facility will also support exporters looking to enter newer markets such as Latin America, where demand for Indian textiles remains largely untapped. Officials said Brazil and Argentina offer significant opportunities beyond India's traditional dependence on the US and Europe.The centre will help exporters make better use of free trade agreements with countries such as Australia and the UAE, where duty benefits of up to 5% often go unused.Another key focus will be helping businesses deal with non-tariff barriers in developed markets, including sustainability and traceability requirements. Committee officials said advisory services will support compliance with rules of origin, harmonised system classification and ethical sourcing certifications.Training modules will cover everything from basic onboarding, such as obtaining an import export code, to advanced strategies on pricing and compliance. Jaipur was selected as a pilot centre because of its strong base in traditional textiles, handicrafts, garments and carpets, though export volumes remain below potential.read more :- Textile exporters welcomed the relief scheme

Textile exporters welcome RELIEF schemeThe Confederation of Indian Textile Industry (CITI) has said that the Resilience & Logistics Intervention for Export Facilitation (RELIEF) scheme under the Export Promotion Mission will offer a dose of relief to the MSME-dominated textiles and apparel sector, for which the 2025-26 financial year was hugely challenging.Ashwin Chandran, CITI chairman, said in a press release that the scheme aims to alleviate the challenges faced by exporters due to the ongoing turbulence in West Asia. The package announced under RELIEF should be implemented quickly. A significant portion of India’s textile and apparel exports is for west Asia with the UAE being one of the largest markets for Indian textile and apparel exporters. In 2024, the UAE was the fourth largest market for India’s textile and apparel exports, after the US, the EU, and Bangladesh.Any increase in the cost of logistics and insurance adds to the challenges of the exporters with significant increase in operating costs. The textiles and apparel exports were severely impacted in the second half of 2025 due to the steep 50% US tariff on Indian goods, which was in place from late August 2025 to early February 2026. As per a CITI Analysis, India’s textiles exports declined 0.31% in February 2026 compared with the same period last year. Apparel exports fell 8.60% during the same period.

Rupee Slips 25 Paise to 92.88/USDThe Indian Rupee opened 25 paise lower at 92.88 against the US dollar on Friday, following Wednesday’s close of 92.63.READ MORE :-  ₹1718 crore on MSP: Big help to farmers and industry

MSP help of ₹1718 crore: Big support to cotton farmers and textile industry: Atul GanatraMSP support of ₹1,718.56 crore has emerged as a major boost for India’s cotton farmers and the textile industry, according to former Cotton Association of India President Atul Ganatra. Speaking in an exclusive interview to CNBC Awaaz, he explained that the government’s allocation is aimed at compensating losses incurred by the Cotton Corporation of India (CCI) during MSP procurement in the 2023–24 season. However, he emphasized that this should be viewed not as a loss but as direct support to farmers.India has nearly 60 lakh cotton farmers, most of whom benefit directly from the MSP mechanism. According to Ganatra, the MSP system not only protects farmers’ incomes but also ensures that the textile industry receives cotton at stable and competitive prices through CCI operations.He noted that adequate stock availability with CCI plays a stabilizing role in the market. In the current season, CCI procured around 1.06 crore bales at MSP, helping maintain price stability across the supply chain. Out of total arrivals, nearly 1.05 crore bales were procured, ensuring that farmers received prices close to the MSP of ₹8,100 per quintal. In states like Maharashtra and Gujarat, prices even touched ₹8,500–₹8,600 per quintal in some cases.Ganatra added that MSP-based procurement helps prevent sharp price fluctuations, benefiting farmers while also supporting the textile industry when CCI releases cotton at lower rates. This, in turn, improves export competitiveness and production efficiency.He also highlighted that farmer sentiment remains positive, which could potentially lead to a 15–20% increase in cotton sowing in the next season. Demand conditions are currently strong, with spinning mills earning healthy margins of ₹20–₹25 per kg on yarn. Export demand, particularly from China, is also robust, with advance orders already booked for April–May.On the supply side, the cotton stock situation remains comfortable. CCI holds around 1 crore bales, while ginners and spinning mills collectively maintain nearly three months of stock. With cotton prices relatively soft and yarn prices firm, spinning mills are currently operating under favorable conditions and continue active procurement.Suggestion highlighted in the report:Ganatra noted that the financial burden borne by CCI is ultimately funded by taxpayers. He suggested that cotton procured under MSP should be prioritised for domestic textile industries instead of being sold in international markets. According to him, such a policy would strengthen the value chain and provide long-term benefits to both farmers and the 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 accelerating its industrial growth under the leadership of Chief Minister Yogi Adityanath, with a major push in the textile sector. A large-scale Mega Textile Park is being developed in Lucknow, which is expected to position the state as a leading textile hub in India.The project is being implemented under the Central Government’s PM MITRA (Prime Minister Mega Integrated Textile Regions and Apparel) scheme. Around 1,000 acres of land has been acquired for the park, and nearly ₹990 crore is being invested in developing world-class infrastructure.A key highlight of the project is the creation of a complete textile value chain within a single integrated hub—from “farm to fiber, fiber to fabric, and fabric to fashion.” This integrated ecosystem is expected to reduce production costs, improve efficiency, and strengthen the competitiveness of industries in global markets.The PM MITRA initiative has already attracted investment interest worth over ₹63,000 crore across seven proposed textile parks in the country. Each park is projected to generate around 3 lakh direct and indirect employment opportunities, offering significant job prospects for the youth.The Uttar Pradesh government is also focusing on strong infrastructure support, including well-developed road networks, reliable electricity supply, water availability, and logistics connectivity, making the park highly attractive for domestic and global investors.This Mega Textile Park marks a major step toward transforming Uttar Pradesh into a self-reliant and employment-driven industrial state. In the coming years, it is expected to boost investment, exports, and overall industrial development, further strengthening the state’s economy.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