Indian rupee opens 4 paise up at 88.40 against dollarThe currency opened at 88.40 against the dollar. The rupee had ended the previous session at 88.44.read more :- "Ministry of Textiles Meeting–MSME Exporters Cooperation".
Meeting Summary – Ministry of Textiles, New DelhiAn important meeting was held at the Ministry of Textiles, New Delhi, under the chairmanship of Secretary Mrs. Padmini Singla. The meeting was attended by Mr. Latil Gupta, Chairman of the Cotton Corporation of India (CCI), along with representatives of ginners’ associations from major cotton-producing states across the country.During the meeting, Mrs. Singla listened carefully to the industry’s suggestions and concerns and presented a positive and visionary outlook. Most of the issues related to ginners were discussed in detail, while it was noted that some matters require further deliberation.Key outcomes of the meeting:1. CCI will review cotton lint standards and make them more practical.2. The provisions related to blacklisting will be largely removed.3. Fresh tenders will be issued based on revised and updated conditions.4. Ginners’ associations have been requested to present a draft framework for the evaluation of L1 and other bidders.The meeting proved to be highly productive and was appreciated by all stakeholders. Notably, for the first time, various ginners’ associations from across the country came together on one platform to collectively present their issues and suggestions.Associations that participated in the meeting:* Maharashtra Cotton Ginners Association* Vidarbha Cotton Association* Marathwada Cotton Association* Khandesh Cotton Association* Telangana Cotton Association* Saurashtra Cotton Association* North India Cotton Association* Upper Rajasthan Cotton Association* Madhyanchal Cotton Association* Punjab Cotton Association* Haryana Cotton Association* Odisha Cotton Association* Andhra Pradesh Cotton AssociationAll associations praised the leadership and visionary approach of Mrs. Padmini Singla. The attending representatives believed that this meeting was a reassuring and significant step toward concrete solutions for the industry.read more :-
India’s carry-forward cotton stocks for 2025-26 seen at 5 year high of 60.69 lakh balesIndia’s cotton carry-forward stocks for the new season 2025-26 starting October are estimated at 60.59 lakh bales of 170 kg each, the highest in five years. Cotton stocks at the beginning of the current 2024-25 season ending September stood at 39.19 lakh bales.“The increase in closing stocks is mainly on account of higher imports of 41 lakh bales over last year’s 15 lakh bales. Also, the opening stocks are the highest after Covid year 2020-21 during which it was around 120 lakh bales,” Atul S Ganatra, President, Cotton Association of India (CAI), told businessline.The government has recently removed the 11 per cent import duty on cotton till the year-end to help textiles sector deal with the US tariff issue. “We expect around 20 lakh bales to be imported during the October-December quarter,” Ganatra said.For the current 2024-25 season, CAI has revised upwards the imports by 2 lakh bales from its earlier projections to 41 lakh bales after the gGovernment removed the import duty. The cotton imports for the 2024-25 season are higher by about 25.80 lakh bales over the previous year’s 15.20 lakh bales. Up to August 31, 36.75 lakh bales are estimated to have arrived at the Indian ports, Ganatra said For the 2024-25 season, CAI has revised the cotton pressing numbers by one lakh bales to 312.40 lakh bales, based on the latest report submitted by the upcountry associations and trade sources. About 307.09 lakh bales have already arrived till August and balance 5.31 lakh bales are expected during September. The pressing estimates in Maharashtra have been increased by 1 lakh bales to 91 lakh bales, and in Andhra Pradesh by 0.5 lakh bales to 12.5 lakh bales. However, in Telangana, the pressing estimate have been reduced by 0.5 lakh bales to 49 lakh bales.CAI has maintained the consumption estimate at 314 lakh bales for 2024-25, same as projected previously. The consumption till August was estimated at 286 lakh bales.The exports for the 2024-25 season are projected at 18 lakh bales, lower by 10.36 lakh bales over previous year’s 28.36 lakh bales.read more:- Book slots for cotton sale through the app, get rid of crowd in the market
No need to wait in the market to sell cotton, farmers can book slots with this mobile appFor the convenience of farmers, the Government of India's cotton procurement agency, Cotton Corporation of India (CCI) has launched the 'Kapas Kisan' mobile app. Through which farmers can sell cotton at the support price (MSP) by registering online. Let's know how to do registration and slot booking.Every year lakhs of farmers sell their cotton crop in the mandis, but often they do not get the benefit of MSP. Many times farmers have to depend on middlemen, due to which they do not get the right price. In such a situation, for the convenience of farmers, the Government of India's cotton procurement agency, Cotton Corporation of India (CCI) has launched the 'Kapas Kisan' mobile app. Where farmers can book slots to sell crops by registering online from their mobile sitting at home.Register by 30 SeptemberThe 'Kapas Kisan' app launched by Cotton Corporation of India (CCI) can be downloaded from Google Play Store and Apple IOS App Store of mobile. To sell cotton crop in Akola, farmers will have to register on the Kapas Kisan App by September 30.Through the Kapas Kisan App, farmers will be directly connected to the government procurement system and the entire process will be digital and paperless. In which the payment for cotton crop will reach directly to the farmer's bank account with the guarantee of MSP.Features of Kapas Kisan AppOnline Registration: Farmers can register themselves with their mobile number and Aadhaar.Slot Booking: Farmers can choose a convenient time and date to sell cotton.Payment Tracking: Payment status can be checked from mobile after sale.Safe Transaction: Farmers will not have to depend on middlemen.Transparency: Due to the procurement process being digital, the possibility of any kind of disturbance will be reduced.read more :- Rupee fell 31 paise to close at 88.44 per dollar
The Indian rupee on thursday lower 31 paise to close at 88.44 per dollar, while it opened at 88.13 in the morning.At close, the Sensex was up 123.58 points or 0.15 percent at 81,548.73, and the Nifty was up 32.40 points or 0.13 percent at 25,005.50. About 1867 shares advanced, 1854 shares declined, and 131 shares unchanged.read more :- Jalgaon: Signs of 40% reduction in production due to cotton rot
Cotton rot in Jalgaon... signs of 30 to 40 percent reduction in production !Jalgaon - The continuous rain in the district for the last few days has now stopped. However, farmers are worried as the outbreak of cotton rot has increased after the rain. Agricultural experts have predicted a 30 to 40 percent reduction in cotton production due to rot.Due to farmers reducing their cultivation in Jalgaon district, the cotton acreage has decreased by about 21 percent in the Kharif season this year. It is seen that cotton, which is currently in the kernel ripening stage, has spread rot widely after the rains stopped. Green leaves have also started turning red suddenly, seeing this, farmers have also taken measures. According to experts at the Cotton Research Center in Jalgaon, rot in cotton crops is not a disease but a type of abnormality. This abnormality is seen in large numbers in the American hybrid BT variety. Water stress, excessive water retention in the soil, i.e. lack of moisture in the soil, temperature changes, infestation of sucking pests and imbalance of nutrients like nitrogen and magnesium are the main causes of red spot on cotton crop.What are the remedies for red spot?To prevent red spot on cotton, integrated nutrient management should be adopted from the beginning of the crop. Organic manure, farmyard manure, compost manure, vermicompost should be used before planting. Also, seed treatment should be done with Azotobacter and phosphorus-solubilizing bacteria. Chemical fertilizers and micronutrients should be used as recommended. While using chemical fertilizers, they should be given at the right time, in the right way and in the right quantity. If rainwater is seen accumulating in cotton, it is necessary to drain out the water immediately. If water availability is less, then arrangements should be made to rain one after the other. If there is moisture, light tilling should be done. It is also necessary to apply manure to the crop. If the last installment of nitrogen has not been given, then 40 to 50 kg of urea should be given per acre. Magnesium sulphate should be used at 20 to 30 kg per hectare. Also, two percent DAP or soluble fertilizers should be sprayed. Cotton Research Center, Jalgaon has advised that after the first spraying, two to three sprayings should be done at an interval of 10-15 days.If the cotton crop is affected by red blight disease, then the yield may decrease by 30 to 40 percent. Therefore, farmers should take preventive measures in time. -Dr. Girish Chaudhary (Producer- Cotton Research Center, Jalgaon)read more :- India's GDP is estimated to grow by 6.6% in 2026
India's GDP to grow at 6.6% in FY26 despite tariff pressures: ReportNomura in its recent report said that India's GDP growth rate in FY26 is projected to be 6.6 percent year-on-year, incorporating policy changes. This is under the assumption that the 25 percent reciprocal tariff will remain in place until FY26, and the 25 percent Russian penalty will be applicable only till November. On the other hand, if both sides stick to their word, resulting in the continuation of the 50 percent tariff rate, then the impact on GDP growth is expected to be 0.8 percentage points (pps) on an annual rate basis.The current account deficit (CAD) could also narrow to around 1.1 percent of GDP. In its report 'India-US trade rift: Outlook, spillovers and strategic shifts', Nomura said job losses in export-oriented sectors could have a significant impact on investment and consumption, and there could be risks of further escalation through tariffs or non-tariff barriers.The report said US-India trade talks have stalled after President Trump imposed 50 per cent tariffs. The deadlock still persists in the agriculture and dairy sector, as India pushes for a comprehensive agreement while the US favours a quick resolution. Domestically, Prime Minister Modi has taken a tough stand on protecting farmers, receiving rare support from opposition parties and businesses, and there is a growing emphasis on self-reliance.With the new tariff structure, the cost gap between India and China has narrowed, and between India and Southeast Asian competitors, it has shifted in China's favour. This could have a number of implications on the nature of new supply chains, such as negative impact on textiles, leather and toys, and Indian companies could potentially shift their production to countries with lower tariffs to retain their US customer base. However, the report further states that this will only impede global value chain integration for India, not completely derail it.Nomura expects a multi-pronged government response to support exporters and stabilise the economy. These measures are expected to include fiscal and financial support, export diversification and accelerating free trade agreements (FTAs). Structural reforms are also likely to accelerate, with rationalisation of the goods and services tax (GST) already announced. This is likely to be followed by further liberalisation of FDI, deregulation, factor market reforms, privatisation and administrative streamlining.read more :- Rupee opens 03 paise down at 88.13
Rupee opens 3 paise lower at 88.13/USD as Asian currencies fallThe Indian rupee opened 3 paise lower at 88.13 against the US dollar on September 11, compared to 88.10 at the previous close, as Asian currencies weakened.read more :- Cotton Cultivation Sees Sharp Rise in Pune District
Sharp jump in cotton production in Pune districtPune: Cotton cultivation in Pune district has seen a remarkable surge this year, with the area under cultivation expanding well beyond the usual average. While cotton is typically sown across 1,122 hectares annually, this year the figure has jumped to 1,955 hectares — marking a significant 74% increase, according to data from the agriculture department.In recent years, the district had witnessed a steady decline in cotton farming. However, the trend appears to be reversing. During the current Kharif season, farmers in Daund, Shirur, Baramati, Indapur and Purandar talukas have opted for cotton over several traditional crops.Agriculture experts attribute this shift to favorable weather conditions, timely early rains, and the expectation of better market prices. Cotton’s lower water requirement has also influenced farmers’ decisions, especially in areas facing water scarcity.To support the farmers, the district agriculture department is ensuring the supply of quality seeds, pest management resources, and on-field guidance. Officials have been visiting farms regularly to monitor crop conditions.Given the expansion in cultivation, cotton output in the district is expected to rise substantially this year. However, farmers remain cautious, pointing out that final yields and profits will hinge on weather patterns, pest and disease management, and price trends in the months ahead.read more :- INR Gains 03 Paise, Closes at 88.10 per Dollar
The Indian rupee on wednesday higher 03 paise to close at 88.10 per dollar, while it opened at 88.13 in the morning.At close, the Sensex was up 323.83 points or 0.40 percent at 81,425.15, and the Nifty was up 104.5 points or 0.42 percent at 24,973.10. About 2169 shares advanced, 1558 shares declined, and 114 shares unchanged.read more :- Massive drop in cotton sowing: Decade's lowest level
From 132 to 109 Lakh Hectares: Cotton Sowing Slips to Decade LowIndia’s cotton sector has witnessed a steady contraction in sowing area over the past six years, raising concerns about upcoming production trends.Sowing Area Trend:In 2020–21, the cotton sowing area stood at 132.85 lakh hectares, but it has since shown a declining pattern. By 2024–25, the area had dropped to 112.95 lakh hectares, and in the current 2025–26 season, it has further slipped to 109.17 lakh hectares — the lowest in six years.Production Overview:Cotton production has broadly mirrored the acreage trend. From a peak of 352.48 lakh bales in 2020–21, output fell to 306.92 lakh bales in 2024–25. The production estimate for the current season (2025–26) is still awaited, but given the reduction in sowing, analysts anticipate a further dip unless favorable weather and yield improvements offset the decline.Market Outlook:Industry experts highlight that lower acreage could tighten supply, potentially supporting domestic cotton prices. However, much will depend on crop conditions, pest pressures, and rainfall distribution in the coming months.With acreage shrinking year after year, stakeholders are closely watching whether India’s cotton production will continue its downward trajectory in 2025–26 or stabilize due to better yields.read more :- Confident on Trump-Modi trade talks
Trump, Modi Confident of Positive Outcome in Bilateral Trade DiscussionsPresident Donald Trump on Wednesday took to Twitter to announce progress in ongoing trade negotiations between the United States and India, expressing confidence that the discussions would conclude successfully.“I am pleased to announce that India and the United States of America are continuing negotiations to address the trade barriers between our two nations. I look forward to speaking with my very good friend, Prime Minister Modi, in the upcoming weeks. I feel certain that there will be no difficulty in coming to a successful conclusion for both of our great countries,” Trump said.Responding to Trump’s remarks, Prime Minister Narendra Modi echoed optimism about the future of bilateral ties, emphasizing the natural partnership between the two nations.“India and the US are close friends and natural partners. I am confident that our trade negotiations will pave the way for unlocking the limitless potential of the India–US partnership. Our teams are working to conclude these discussions at the earliest. I am also looking forward to speaking with President Trump. We will work together to secure a brighter, more prosperous future for both our people,” Modi said.The statements signal renewed momentum in bilateral efforts to address trade barriers and strengthen economic cooperation, as both leaders prepare for further dialogue in the coming weeks.read more :-PM Modi will lay the foundation stone of PM Mitra Park in Dhar on September 17
PM Modi will lay the foundation stone of PM Mitra Park in Dhar on September 17, cotton farmers and industry will benefit.The country's first PM Mitra (Prime Minister Mega Integrated Textile Region and Apparel) park is going to be built in Dhar district of Madhya Pradesh. PM Narendra Modi will lay the foundation stone of this mega textile park in Bhaisola village of Badnawar tehsil of the district on September 17. This park will be a cotton-based industrial hub, which will give a new direction to the state's economy and create employment opportunities for lakhs of people. State CM Dr. Mohan Yadav gave this information in a review meeting organized on Monday regarding the preparations for the program.About 3 lakh employment opportunities will be createdChief Minister Mohan Yadav said that PM Mitra Park will provide about 1 lakh direct and more than 2 lakh indirect employment opportunities. Overall, more than 3 lakh people will benefit from it. This opportunity will give new possibilities especially to the farmers and local youth of cotton producing areas.These cotton districts will benefitDistricts like Dhar, Jhabua, Ujjain, Khargone and Barwani are already ahead in cotton production. In such a situation, setting up a large cotton-based industrial park here will prove beneficial for both farmers and industry. With the availability of raw material and better infrastructure for industries, the entire value chain of cotton will develop at one place.Farm to Fashion - All work at one placeThe objective of PM Mitra Park is to give real shape to the concept of 'Farm to Fashion'. In this, the entire process from yarn production, weaving, dyeing and garment manufacturing will be done at one place. This will reduce costs, save time and also increase export capacity. The Indian textile sector will get stronger in competition at the international level.The government estimates that investors' interest in this park will increase. Big entrepreneurs of the textile and garment sector will invest here. This will not only increase employment at the local level, but will also provide opportunities to small entrepreneurs and startups. The youth will get a chance to work with skill development and new avenues of employment will open up for women as well.Approach road and other preparations in full swingCotton and textile sector play an important role in the state's economy. This contribution will be further strengthened with the opening of this park. With the increase in industrial production, the state's exports will increase and farmers will also get better prices. New sources of income will be developed in both rural and urban areas.This project is the first of the seven PM Mitra parks under the Centre's ambitious scheme, whose bhoomi pujan is going to take place. In the coming time, such parks will be established in other states as well. The state government has started extensive preparations for the park. Preparations for transport system and connecting roads are in full swing. At the same time, the layout of the venue has been prepared.read more :-Giriraj Singh's $100 billion export vision
Union Textiles Minister Giriraj Singh Chairs MSME Exporters Meet, Charts Path to $100B ExportsUnion Minister of Textiles Giriraj Singh on Tuesday chaired a consultation with MSME textile exporters, underlining India’s roadmap to scale exports to $100 billion by 2030 despite global headwinds, including the recent 50% US tariff on Indian imports.Singh highlighted India’s resilient performance: textile exports grew 5.37% in July 2025 to $3.1B, with April–July exports up 3.87% year-on-year. Key segments like readymade garments (+7.87%), carpets (+3.57%), and jute products (+15.78%) led the growth. Strong gains were also seen in partner markets such as Japan (+17.9%), UK (+7.39%), and UAE (+9.62%).The Minister stressed the need for strategic diversification into 40 new global markets, which collectively represent nearly $600 billion in textile imports, while deepening domestic demand in line with the PM’s “Vocal for Local” call.GST reforms announced in the 56th GST Council meeting were hailed as a “game-changer,” promising to lower costs, boost demand, and enhance competitiveness across the textile value chain. Singh reiterated the government’s “Farm to Fibre to Factory to Fashion to Foreign” (5F) formula as India’s growth mantra.Exporters welcomed reforms but sought fiscal support, simpler compliance, and stronger global branding of handlooms, handicrafts, and GI-tagged Swadeshi products. Singh urged exporters to build warehouses in key global markets and leverage e-commerce to directly reach international consumers.The government has already rolled out measures to boost competitiveness, including cotton import duty exemption till Dec 2025, extended export obligations, and an expanded PLI scheme window.Reaffirming Vision 2030, Singh said India aims for a $250B domestic textile market alongside $100B in exports, powered by market diversification, innovation, and Swadeshi-driven growth.“India will compete in America and in the $800B global textile market. With MSMEs at the core, we will emerge stronger,” Singh asserted.read more:- Tariff crisis: Textile orders worth Rs 40 billion cancelled in Tirupur
Existence of textile exporters in danger due to tariff; Tirupur most affected, orders worth Rs 40 billion cancelledThe 50 per cent tariff imposed by the US has increased the difficulties of the Indian textile industry. Exporters are not able to bear the impact of the tariff. In such a situation, the textile industry needs immediate incentives. According to the report of MK Research, the earlier imposed tariff has led to a decline in the margins of the textile industry. The additional tariff will further reduce the margins of the industry, which is struggling to remain competitive in the global markets.According to the report, the textile industry is not getting new orders from the US due to high tariffs. Old orders are also being cancelled, due to which inventory is increasing. In such a situation, government help is necessary for the industry and especially micro, small and medium enterprises (MSMEs), because their books are not as strong as those of large exporters. The industry needs fiscal incentives to bear the tariff shock and remain relevant in the global supply chain. If necessary steps are not taken immediately, not only will the existence of small companies be in danger, but a large number of jobs will also be lost.Tirupur most affected, orders worth Rs 40 billion cancelledThe Tirupur cluster, which has a 55-60 percent share in the country's knitwear exports, is badly affected by the tariff. Clothes worth about Rs 700 billion are exported from here. Due to the tariff, orders worth about Rs 40 billion that Tirupur used to get from the US have been cancelled.India has about four percent share in the global textile market, which is much less than Bangladesh (13 percent) and Vietnam (9 percent).Pressure due to these reasons tooPayments are getting delayed by US retailers.Rising inventory has created additional pressure on domestic companies.MSMEs are extremely vulnerable to barriers in international trade.Due to implementation challenges in free trade agreements, its full benefit is not being received.Tirupur most affected, orders worth Rs 40 billion cancelledThe Tirupur cluster, which has a 55-60 percent share in the country's knitwear exports, is badly affected by the tariff. Clothes worth about Rs 700 billion are exported from here. Due to tariffs, Tirupur has lost orders worth about Rs 40 billion from the US.India has a share of about four per cent in the global textile market, which is much less than Bangladesh (13 per cent) and Vietnam (9 per cent).There is also pressure due to these reasons* Payments are getting delayed by US retailers.* Rising inventory has created additional pressure on domestic companies.* MSMEs are extremely vulnerable to barriers in international trade.* Full benefits are not being reaped due to implementation challenges in free trade agreements.read more:- Rupee open Falls 02 Paise to 88.13/USD
Rupee opens 2 paise lower at 88.13/USD as Trump backs trade talks while reportedly urging EU to tariff IndiaThe Indian rupee opened 2 paise weaker at 88.13 against the US dollar on September 10, following a news report that US President Trump has asked the European Union to hit China and India with tariffs of up to 100% over the countries’ Russia oil purchases.read more :- Interview of Sanchit Rajpal, ED of Manjit Cotton, on CNBC Awaaz
| title | Created At | Action |
|---|---|---|
| INR Opens Stronger by 04 Paise at 88.40 | 12-09-2025 17:21:21 | view |
| "Ministry of Textiles Meeting–MSME Exporters Cooperation". | 12-09-2025 01:34:10 | view |
| Cotton stock at 5-year high in 2025-26 | 12-09-2025 00:32:00 | view |
| Book slots for cotton sale through the app, get rid of crowd in the market | 12-09-2025 00:15:08 | view |
| Rupee fell 31 paise to close at 88.44 per dollar | 11-09-2025 22:40:46 | view |
| Jalgaon: Signs of 40% reduction in production due to cotton rot | 11-09-2025 19:16:40 | view |
| India's GDP is estimated to grow by 6.6% in 2026 | 11-09-2025 18:16:50 | view |
| Rupee opens 03 paise down at 88.13 | 11-09-2025 17:24:01 | view |
| Cotton Cultivation Sees Sharp Rise in Pune District | 10-09-2025 23:44:48 | view |
| INR Gains 03 Paise, Closes at 88.10 per Dollar | 10-09-2025 22:44:05 | view |
| Massive drop in cotton sowing: Decade's lowest level | 10-09-2025 21:01:28 | view |
| Confident on Trump-Modi trade talks | 10-09-2025 19:25:38 | view |
| PM Modi will lay the foundation stone of PM Mitra Park in Dhar on September 17 | 10-09-2025 19:03:15 | view |
| Giriraj Singh's $100 billion export vision | 10-09-2025 18:44:14 | view |
| Tariff crisis: Textile orders worth Rs 40 billion cancelled in Tirupur | 10-09-2025 18:13:37 | view |
| Rupee open Falls 02 Paise to 88.13/USD | 10-09-2025 17:27:33 | view |
