This season, the Indian government may purchase up to 10 million bales of cotton.The Indian government's cotton procurement may reach 10 million bales of 170 kg during the current marketing season of 2024-25 (October-September). The government procurement agency, Cotton Corporation of India (CCI), has assured farmers that it will procure all crops brought to its designated yards. According to industry sources, CCI has already purchased 8.6 million bales of cotton up to last week.CCI has urged farmers not to resort to distress sales of their produce, as prices are hovering around the minimum support price (MSP). It has assured that it will procure all the produce brought to the designated CCI yards. Trade sources revealed that the bulk of the procurement, nearly 80 per cent, is being purchased by the CCI in several states. However, it has ceased purchasing in northern Indian states where seed cotton arrivals have drastically depleted.In a message to farmers, CCI assured that it would continue to procure all fair grade cotton until the final arrival. Recently, CCI's chairman and managing director, L K Gupta, stated that the corporation has procured 8.6 million bales of cotton across the country so far. The procurement for the current season is significantly higher than last season's 3.28 million bales.There has been a significant increase in the minimum support price (MSP) at which CCI is purchasing cotton. The higher MSP is the main driver encouraging farmers to come to the government’s purchasing centres. Gupta said, “The procurement is ongoing and is likely to continue until March 15. We will remain in the market as long as farmers are selling cotton at MSP.” Although there were delays in procurement in some areas due to space constraints, these were only temporary.CCI’s procurement of a large cotton produce has direct implications for the textile industry. Its procurement may reach 10 million bales out of a total estimated production of 30.42 million bales. Ginning mills could not purchase seed cotton due to price disparities as market rates remained lower than the MSP. Therefore, private ginners will have very limited stock for the upcoming non-arrival months.Industry sources said that CCI normally releases cotton after June. It has sold last year’s stocks in recent months. Additionally, CCI will fix a base price for auction based on the higher MSP. Higher selling prices will boost cotton prices in non-arrival months. However, cotton prices are not receiving support due to price disparity in the export market. The ICE cotton March 2025 contract was traded at 66.04 cents per pound, which makes Indian cotton approximately 16-17 per cent costlier. Traders have said that Indian cotton is very expensive, which reduces the prospects of exporting cotton fibre, yarn, and fabric to other countries.read more :-The Indian rupee on Monday increase 43 paise to close at 87.48 per dollar, while it opened at 87.91 in the morning.
Monday saw a 43 paise increase in the value of the Indian rupee, which opened at 87.91 per dollar and closed at 87.48.At close, the Sensex was down 548.39 points or 0.70 percent at 77,311.80, and the Nifty was down 178.35 points or 0.76 percent at 23,381.60. About 1029 shares advanced, 2917 shares declined, and 108 shares unchanged.read more :-India aims USD 10 billion worth of technical textile exports: MoS Pabitra Margherita
India aims to export technical textiles for $10 billion: Mos Pabitra MargheritaTo position India as a global leader in technical textiles, the Mission was launched in 2020-21 and has been extended till 2025-26, with a financial outlay of Rs 1,480 crore.At present, India's technical textile exports are reportedly between USD 2 billion to USD 3 billion.Technical textiles are defined as textile materials and products used primarily for their technical performance in various high-end industries.There are four broad components under the Mission: The first among those is research, innovation and development with an allocation of Rs 1,000 crore.The next components are promotion and market development with a Rs 50 crore allocation; export promotion with Rs 10 crore; and education, training, and skill development with a Rs 400 crore outlay.The mission focuses on research and innovation and indigenous development of machinery and speciality fibres; promoting awareness amongst users? enhancing India's exports of technical textiles? and creating human resources with requisite skills."Technical Textiles is a sunrise sector in the country, offering immense growth potential across various industries. It provides an alternative to the traditional materials used in an application in various sectors such as roads, railways, construction, agriculture, medical industry, hygiene industry, automobile, defence, space and industrial safety etc.," the minister said in his written reply.The expansion and adoption of technical textiles will significantly contribute to the nation's infrastructure, agriculture,healthcare, and industrial growth, Minister Margherita added.read more :-The local currency opened at 87.91 against the US dollar, which was sharply lower than 87.42 against the greenback at previous trading session.
The local currency opened at 87.91 against US dollars below 87.42 against greenback during the previous negotiation session.Indian rupee touched a new record low on February 10 at 87.9563 against the US dollar due to introduction of new tariff plans of U.S. President Donald.read more :-Govt increases textile budget by 19%, launches cotton productivity mission
The government starts a cotton production mission and boosts the textile budget by 19%.The Indian textiles and apparel industry, worth around $176 billion, plays a vital role in the country's economy, contributing nearly 2% to the gross domestic product (GDP) and accounting for about 11% of manufacturing output. With over 45 million workers directly employed, the sector continues to be one of the largest sources of employment in the country. India is also the sixth largest global exporter of textiles and apparel, holding around 4% market share in the sector.The Union Budget 2025-26 has allocated Rs 5,272 crore to the Ministry of Textiles, marking a 19% increase from the previous year's budget of Rs 4,417.03 crore. This is the highest allocation in recent years, reflecting the government's commitment to strengthen the sector. The production-linked incentive (PLI) scheme for textiles has also seen a significant increase in its budget, rising from Rs 1,000 crore in 2018-19 to Rs 1,000 crore in 2019-20 and from Rs 45 crore in 2024-25 to Rs 1,148 crore this year. The PLI scheme, with a total outlay of Rs 10,683 crore over five years, aims to enhance India's manufacturing capabilities and exports, especially in the man-made fibre (MMF) and technical textiles sector.A new 'Cotton Productivity Mission' has been announced as a five-year initiative to improve the yield and sustainability of cotton cultivation. The programme will be jointly implemented by the Ministry of Agriculture and Family Welfare and the Ministry of Textiles, with a special focus on promoting extra long staple cotton varieties.To curb the influx of low-cost textile imports, the Budget has increased the basic customs duty (BCD) on knitted fabrics falling under nine tariff lines from "10% or 20%" to "20% or Rs 115 per kg, whichever is higher". The move is aimed at supporting domestic textile manufacturers, boosting local production and encouraging investments in textile manufacturing.In a major industry move, India Tex 2025, one of the world's largest textile expos, will be held from February 14-17, 2025 at Bharat Mandapam, New Delhi. Organised by 11 leading textile industry bodies and supported by the Ministry of Textiles, the event will bring together all stakeholders of the textile value chain. Parallel exhibitions on apparel machinery, dyes and chemicals and handicrafts will be held on February 12-15 at the India Expo Centre in Greater Noida. The event will focus on sustainability, innovation and strengthening global value chains.read more :-Cotton market: After soybean, now cotton farmers are upset, cotton purchase is closed at CCI center for 10 days
Cotton market: Following soybeans, cotton producers are now irate, and the CCI center has suspended cotton purchases for ten days.Mumbai: Cotton farmers are not getting a fair price for their produce, while the government's ongoing CCI purchase has been suspended for 10 days. Cotton farmers have suffered huge losses due to the sudden closure of purchase. Because cotton is not getting a fair price in the private market. In such a situation, farmers were getting a fair price at the CCI center. However, the closure of the CCI center has also created difficulties for the farmers. The price of cotton in the private market is only Rs 6200 to Rs 6500. At some places, these prices have fallen to Rs 6,000. After the CCI stopped the purchase, the prices of cotton are falling in the private market. Therefore, farmers are demanding that CCI start cotton purchase centers.On the other hand, soybean farmers have become aggressive. The central government has stopped the purchase of soybean. However, soybean of most of the farmers in the state has not been purchased yet. Therefore, farmers are demanding an extension of the deadline for soybean purchase. The state government has sent a letter to the central government demanding continuation of purchase till February 13. Therefore, now it will be important to see what decision the central government takes on this.The opposition has also become aggressive on the issue of soybean. Farmer leader Ravikant Tupkar has warned the government to extend the deadline for soybean purchase or else they will stage a strong protest. Some leaders have demanded that cotton purchase should continue for a month.read more :-On friday, the Indian rupee higher 4 paise to close at 87.42 per dollar, while it had opened at 87.46 in the morning.
After opening at 87.46 in the morning, the Indian rupee gained 4 paise to settle at 87.42 per dollar on Friday.At close, the Sensex was down 197.97 points or 0.25 percent at 77,860.19, and the Nifty was down 43.40 points or 0.18 percent at 23,559.95. About 1468 shares advanced, 2293 shares declined, and 139 shares unchanged.read more :-Significance, vision, and strategic roadmap for the growth of India’s technical textiles sector Introduction
Importance, outlook, and strategy plan for the expansion of India's technological textile industryOverviewIndia has always been a leading player in the Traditional textiles and Natural fibres segment. In recent times, India has made remarkable progress in the specialised area of technical textiles, key contributors of its growth being India’s leap towards modernisation and manufacturing competitiveness.Realising the importance of the segment, the Union textiles ministry is planning to provide grants of up to Rs 50 lakh each to 150 Startups engaged in producing technical textiles such as Kevlar, a strong, heat-resistant synthetic fibre and Spandex, a synthetic fibre known for its exceptional elasticity. Technical textiles like Kevlar, Spandex, Nomex, a fabric that can withstand heat, flame, and chemicals, and Twaron, a heat-resistant fibre, are used in sectors such as aerospace, defence, automobiles, healthcare, construction, and agriculture.This funding is part of a Rs 375 crore allocation for FY 2025 from the National Technical Textiles Mission (NTTM). The ministry will not seek any share of profits generated from these businesses.Technical textilesTechnical textiles are a category of textiles, engineered for functional purposes beyond traditional apparel and home furnishing. They are manufactured using natural as well as man-made fibres such as Nomex, Kevlar, Spandex, Twaron, that exhibit higher tenacity, excellent insulation, improved thermal resistance etc.The invention of speciality fibres and their incorporation in almost all areas suggests that the importance of technical textiles is bound to increase future.Significance for IndiaTechnical textiles, a sunrise sector, has assumed added significance during Covid-19 crisis when global manufacturing had come to a grinding halt and the ban on export of critical medical equipment, including N95 face masks and protective gears had made imports to India nearly impossible. India was entirely import dependent for PPE (Personal Protective Equipment) kits. From manufacturing 0 PPE kits, it soon rose to manufacturing 2.5 lakh a day in 60 days, becoming the second largest manufacturer after China.By transforming the Covid-19 crisis to an opportunity, India has proved its ability to innovate and rise to the challenge with limited resources and time. It is opined, the government and industry should collaborate to boost technical textiles, a high value segment of the Textile Sector.Global technical textiles market & India’s place in itThe Global Technical Textiles market was estimated at $212 billion in 2022 and is projected to reach $274 billion by 2027 growing at a CAGR of 5.2 % from 2022-27, driven by increasing cross-industry demand and the rapid development of new applicative products.According to a KPMG report, the Indian technical textiles market was the 5th largest in the world valued at $ 21.95 billion in 2021-22 with production worth $ 19.49 billion, and imports at $2.46 billion. Over the past 5 years, the market has reportedly grown at 8-10 % per annum with the government aiming to accelerate this growth to 15-20 % over the next 5 years.Towards global leadershipNTTM was launched in 2020 with the aim to position India as a global leader in technical textiles. This was to be achieved by promoting research, innovation, and the use of technical textiles in various sectors. To this effect the government has introduced:1. Production-linked incentive Scheme for textiles;2. PM MITRA Parks scheme;3. Quality control regulations, and;4. Over 500 standards to promote technical textiles.Startups interested in availing of the fund need to deposit 10% of the total fund allocation in advance. To receive Rs 50 lakh from the Ministry, a Startup must deposit Rs 5 lakh of its own funds, which will not be deducted from the Rs 50 lakh fund.As per the Press Release on 4th of February 2025, 4 Startups have been approved under the ‘Grant for Research & Entrepreneurship across Aspiring Innovators in Technical Textiles (GREAT)’ scheme focussed on key strategic areas of Medical Textiles, Industrial Textiles and Protective Textiles.Future of technical textilesTechnical textiles account for approximately 13% of India’s total textile and apparel market and contribute 0.7 % to India’s GDP. There is a huge potential to fulfil a large demand gap, as the consumption of technical textiles in India is still only at 5-10% against 30-70% in some of the advanced countries.EpilogueThe world has taken note of the manufacturing capability of Indian technical textiles during the COVID years. From being a non-producer of COVID Grade PPE kits, India rose to become the World’s second largest producer and exporter of PPEs and N-95 Masks in a period of six months during 2020.read more :-Indian rupee opened 11 paise higher at 87.46 per dollar on Friday versus Thursday close of 87.57.
After closing at 87.57 on Thursday, the Indian rupee opened Friday 11 paise higher at 87.46 to the dollar.The Sensex was up 11.40 points or 0.01 percent at 78,069.56, and the Nifty was up 8.60 points or 0.04 percent at 23,611.95. About 1274 shares advanced, 911 shares declined, and 128 shares unchanged.read more :-Indian rupee ended at fresh record low at 87.57 per dollar on Thursday versus thursday's morning of 87.51.
Compared to Thursday morning's closing price of 87.51, the Indian rupee fell to a new record low of 87.57 per dollar on Thursday.At close, the Sensex was down 213.12 points or 0.27 percent at 78,058.16, and the Nifty was down 92.95 points or 0.39 percent at 23,603.35. About 1871 shares advanced, 1907 shares declined, and 124 shares unchanged.read more :-India’s Technical Textiles Market Hits $29 Billion, Budget 2025 Boosts Growth – Rubix Data Sciences Report
India's Technical Textiles Market Reaches $29 Billion, Growth Accelerated by Budget 2025 – Report by Rubix Data Sciences.Mumbai – Rubix Data Sciences, a leader in risk management and monitoring services, has released its latest industry report, offering a comprehensive analysis of India’s technical textiles sector. At a time when Budget 2025 has introduced key policy changes to strengthen domestic manufacturing, this report provides critical insights into market trends, investment opportunities, and emerging innovations shaping the future of technical textiles.The technical textiles market in India, worth USD 29 billion in FY2024, is set for significant expansion, fueled by Budget 2025’s increase in Basic Customs Duty (BCD) on knitted fabrics and tax breaks for textile machinery. The report highlights key segments like packtech (44% market share), mobiltech, meditech, and agrotech which are expected to see growth due to rising investments and demand for high-performance fabrics. Cutting-edge advancements, including energy-harvesting fabrics, PCM-based adaptive clothing, and smart e-textiles for sports and fitness, are shaping the future of this industry. Government initiatives such as the PLI scheme, PM MITRA parks, and quality control mandates are also playing a crucial role in positioning India as a global leader in advanced textiles.“Technical textiles are no longer just about durability – they’re about intelligence, adaptability, and sustainability,” said Mohan Ramaswamy, Co-founder and CEO at Rubix Data Sciences “Budget 2025 has given the sector an added push, and we’re seeing an exciting shift towards sustainable innovation, automation, and smart materials. Whether it’s self-cleaning fabrics, military-grade protective gear, or biodegradable packaging, the landscape is evolving rapidly. Businesses that tap into these advancements now will be ahead of the curve.”As India strengthens its manufacturing base and expands its footprint in global trade, Rubix Data Sciences continues to provide data-driven intelligence that helps businesses navigate the industry shift. With global demand for high-performance fabrics rising, the Indian market presents significant opportunities for investment, exports, and innovation. The full report is available hereread more :-Rupee touches fresh low of 87.51 against US dollar
The rupee has reached a new low of 87.51 against the US dollar.The local currency open around 6 paise down at 87.51 against the US dollar and then touch record low of 87.55 against the US dollar, as compared to 87.46 at previous close against the greenback.Indian rupee touched a record low of 87.55 against the US dollar due to higher dollar index and rising crude oil prices, which increases the demand for dollars from oil marketing companies, currency experts said.read more :-Indian rupee ended at fresh record low at 87.46 per dollar on Wednesday versus wednesday's morning of 87.12.
The Indian rupee concluded trading at a new all-time low of 87.46 per dollar on Wednesday, compared to the morning's rate of 87.12.At close, the Sensex was down 312.53 points or 0.40 percent at 78,271.28, and the Nifty was down 42.95 points or 0.18 percent at 23,696.30. About 2470 shares advanced, 1345 shares declined, and 130 shares unchanged.read more :-Cotton Production: There may be a big jump in cotton production, CICR changes the estimate
Cotton Production: A significant increase in cotton output may occur, as the CICR revises its estimate.The estimated production of cotton is likely to increase in the current marketing season 2024-25. With this, the estimate of total cotton production has been revised once again, as the initial estimate is expected to increase production in the major cotton producing areas of the central and southern parts of the country. According to ICAR- Central Institute of Cotton Research (CICR)- Nagpur, the production of cotton for the current marketing season till September this year is estimated to be 320 lakh bales. The weight of one bale is 170 kg.Initially the estimated production of cotton was estimated to be 299.36 to 304 lakh bales. In the marketing season 2023-24, 325.22 lakh bales of cotton were produced. According to the report, CICR Director YG Prasad said that once before also the production estimate has been revised to 5 lakh bales. The estimate will increase due to good yield in central and southern states.Yield will increase in many districts of three statesPrasad has expressed hope that the production can touch the figure of about 320 lakh bales. He said that there is a possibility of increase in production due to good yield in many districts of Maharashtra, Telangana and Karnataka. Prasad said that this time the distribution of rain was good as compared to last season. Also, the infestation of pink bollworm was less and the farmers also took care of the crop efficiently, due to which a situation of higher yield is being created.According to COCPC, production will be lessPrasad said that the farmers also harvested the crop early due to which the infestation of pink bollworm could be reduced. The situation of improvement in production is when crops have been damaged due to heavy rains in Maharashtra and Gujarat. According to the Cotton Production and Consumption Committee (COCPC), during the current season 2024-25 starting from October, cotton production is estimated to be 299.26 lakh bales till September.CAI also improved the estimateLast season, it was estimated to be 325.22 lakh bales. That is, this time the production was expected to be less. At the same time, the Cotton Association of India (CAI) recently revised the cotton production by 2 lakh bales from 302.25 lakh to 304.25 lakh bales due to higher than expected production in Telangana. CAI has anticipated an increase of two lakh bales in consumption for the current marketing season.read more :-Rupee opens 5 paise down at 87.12 against US dollar
Rupee weakened by 5 paise to open at 87.12 against the US dollar.The local currency opened at 87.12 against the US dollar, as compared to 87.07 at previous close against the greenback.Indian rupee opened five paise down on February 5 at 87.12 against the US dollar amid weak Asian equities, currency experts said.read more :-Indian rupee ended 4 paise lower at 87.07 per dollar on Tuesday versus tuesday's morning open of 87.03.
The Indian rupee opened at 87.03 on Tuesday and closed the day 4 paise lower at 87.07 per dollar.At close, the Sensex was up 1,397.07 points or 1.81 percent at 78,583.81, and the Nifty was up 378.20 points or 1.62 percent at 23,739.25. About 2426 shares advanced, 1349 shares declined, and 144 shares unchanged.read more :-India's textile, apparel players positioned to benefit from Trump tariffs
| title | Created At | Action |
|---|---|---|
| Indian govt's cotton procurement may touch 10 mn bales this season | 11-02-2025 00:48:00 | view |
| The Indian rupee on Monday increase 43 paise to close at 87.48 per dollar, while it opened at 87.91 in the morning. | 10-02-2025 22:51:20 | view |
| India aims USD 10 billion worth of technical textile exports: MoS Pabitra Margherita | 10-02-2025 17:51:07 | view |
| The local currency opened at 87.91 against the US dollar, which was sharply lower than 87.42 against the greenback at previous trading session. | 10-02-2025 17:34:32 | view |
| Govt increases textile budget by 19%, launches cotton productivity mission | 08-02-2025 19:15:14 | view |
| Cotton market: After soybean, now cotton farmers are upset, cotton purchase is closed at CCI center for 10 days | 08-02-2025 18:41:22 | view |
| On friday, the Indian rupee higher 4 paise to close at 87.42 per dollar, while it had opened at 87.46 in the morning. | 07-02-2025 22:46:48 | view |
| Significance, vision, and strategic roadmap for the growth of India’s technical textiles sector Introduction | 07-02-2025 18:32:05 | view |
| Indian rupee opened 11 paise higher at 87.46 per dollar on Friday versus Thursday close of 87.57. | 07-02-2025 17:55:38 | view |
| Indian rupee ended at fresh record low at 87.57 per dollar on Thursday versus thursday's morning of 87.51. | 06-02-2025 22:50:16 | view |
| India’s Technical Textiles Market Hits $29 Billion, Budget 2025 Boosts Growth – Rubix Data Sciences Report | 06-02-2025 20:42:50 | view |
| Rupee touches fresh low of 87.51 against US dollar | 06-02-2025 17:25:49 | view |
| Indian rupee ended at fresh record low at 87.46 per dollar on Wednesday versus wednesday's morning of 87.12. | 05-02-2025 22:46:59 | view |
| Cotton Production: There may be a big jump in cotton production, CICR changes the estimate | 05-02-2025 20:59:27 | view |
| Rupee opens 5 paise down at 87.12 against US dollar | 05-02-2025 17:25:46 | view |
| Indian rupee ended 4 paise lower at 87.07 per dollar on Tuesday versus tuesday's morning open of 87.03. | 04-02-2025 22:59:21 | view |
