GST 2.0 Boosts Textile and Logistics SectorsNew Delhi : According to an official statement issued on Thursday, the rationalization of the Goods and Services Tax (GST) under GST 2.0 is a significant reform aimed at addressing structural anomalies, reducing costs, and boosting demand in the textile and logistics industries. Both of these are crucial for domestic growth, employment, and export competitiveness.By uniforming tax rates across the value chain, the GST reform ensures affordability for consumers, sustains employment in labor-intensive sectors, and enhances India's ability to compete globally. The statement states that in the textile sector, this rationalization strengthens the entire value chain—from fiber to apparel—by reducing distortions, improving apparel affordability, reviving retail demand, and boosting export competitiveness.The reduction in GST will make apparel more affordable for middle- and lower-income families, boosting domestic demand and having a significant impact in smaller towns and rural areas.The GST on readymade garments up to ₹2,500 is now 5%, making apparel more affordable and boosting domestic demand.Reducing the GST on man-made fibers and yarns from 12% and 18% to 5% removes the inverted duty structure and strengthens small and medium enterprises, while reducing the GST on carpets and other textile floor coverings from 12% to 5% will enhance global competitiveness, the statement said.Similarly, reducing the GST on commercial goods vehicles from 28% to 18% will reduce logistics costs and boost exports.GST reforms also extend to the transportation sector, which plays a key role in reducing logistics costs and promoting industrial growth. Trucks and delivery vans, which carry approximately 65-70% of India's freight traffic, benefit significantly from the tax rationalization. Cheaper freight transportation – Lower costs per tonne-km benefit the transportation of textiles, FMCG, and e-commerce deliveries.The cascading effect of lower logistics costs helps mitigate overall price pressures and reduce inflation. Furthermore, lower logistics costs make the Indian textile industry more competitive abroad.Rationalizing GST in the textile and logistics sectors is a decisive step towards strengthening India's manufacturing base, improving affordability, and boosting exports. By reducing structural imbalances and easing cost pressures, these reforms benefit consumers, small businesses, and exporters alike. The statement further stated that these reforms reinforce the vision of a globally competitive India, driven by resilient supply chains and a thriving textile sector.read more :- Tamil nadu : Mini textile park inaugurated in Karur
Tamil Nadu: Karur gets new textile parkMinister for Textiles and Handlooms R. Gandhi on Thursday inaugurated a mini textile park at Kodangipatti on Thursday.It has been set up under the Tamil Nadu Mini Textile Park Scheme. Under the scheme, the State government will bear 50% of the expenditure on establishing common facilities, infrastructure, and factory buildings. The maximum grant will be ₹2.5 crore for each park. A sum of ₹11.87 crore had been spent on establishing the park. Of the expenditure, the State government had extended ₹2.5 crore as grant. Oasis Texpark Private Ltd. has spent the remaining amount.Minister for Textiles and Handlooms R. Gandhi on Thursday inaugurated a mini textile park at Kodangipatti on Thursday.It has been set up under the Tamil Nadu Mini Textile Park Scheme. Under the scheme, the State government will bear 50% of the expenditure on establishing common facilities, infrastructure, and factory buildings. The maximum grant will be ₹2.5 crore for each park. A sum of ₹11.87 crore had been spent on establishing the park. Of the expenditure, the State government had extended ₹2.5 crore as grant. Oasis Texpark Private Ltd. has spent the remaining amount.A press release said that three companies would function in the textile park. About 400 persons would get employment.Mr. Gandhi said that approval had been given to nine mini textile parks in Karur district. Of them, two parks had started functioning. Other parks were under construction.Earlier, Mr. Gandhi and Mr. Senthilbalaji inaugurated a quilt machine erected at an estimate of ₹35 lakh at Thiyagi Kumaran Handloom Weavers Cooperative Society here.read more :- Rupee open Falls 09 Paise to 88.22/USD
Rupee opens 9 paise weaker at 88.22/USD as dollar strengthensThe Indian rupee opened 9 paise weaker at 88.22 against the US dollar on September 19, tracking the continued rise of the USD index.read more :- India's cotton production expected to increase in 2025-26
India's cotton production expected to increase in 2025-26 despite decline in key statesIndia's cotton production is projected to be higher than last year in the 2025-26 season, starting in October. However, crop acreage has declined in key states like Maharashtra and Gujarat, and heavy rains in August have damaged standing crops in some areas.Key State-wise Situation* Gujarat: Acreage decreased from 23.66 lakh hectares to 20.82 lakh hectares (12% decline).* Maharashtra: Acreage decreased from 40.81 lakh hectares to 38.44 lakh hectares.* Telangana: Acreage increased from 18.11 lakh hectares to 18.51 lakh hectares.* Karnataka: Acreage increased from 7.79 lakh hectares to 8.08 lakh hectares.* Andhra Pradesh: A slight decrease, from 4.13 lakh hectares to 3.77 lakh hectares.Production EstimatesAccording to trade associations, India's cotton production in 2025-26 could reach 32.5–34 million bales (each weighing 170 kg), up from 31.2 million bales in the current season.* Karnataka: Increase from 2.4 to 3 million bales (25% increase).* Andhra Pradesh: Increase from 1.25 to 1.7 million bales.* Telangana: Increase from 5.0 to 5.3–5.5 million bales.Total production in South India could reach 10.5 million bales, up from last year's 8.8 million bales, and offset the shortfall in other regions.Market ImpactCotton arrivals are expected to reach 30–35,000 bales per day by Dussehra, significantly higher than the current 10,000 bales. However, prices are under pressure due to increased production and imports.The government has removed the 11% import duty until the end of the year to support the textile industry. Due to this, imports have reached a record 4.1 million bales in 2024-25 (up from 1.5 million bales last year). Imports are expected to exceed 2 million bales in October-December alone.Raw cotton prices are trading below the MSP (₹5,500–7,000 per quintal). Recent rains in northern states have also affected fiber quality.CCI's RoleThe Cotton Corporation of India (CCI) has prepared for large-scale procurement at MSP. Operations will begin from October 1st through 550 centers in North India. CCI, which purchased 10 million bales last year, has a stock of 1.2 million bales this time.Global OutlookThe USDA estimates that India's production will increase, while imports will decrease to 3.58 million bales and exports will increase to 1.664 million bales.According to the ICAC, global production will decline from 25.9 million tons to 25.5 million tons. Production has been affected due to weather and pests in America, Pakistan and Sudan.read more:- INR Drops 17 Paise, Closes at 88.13 per Dollar
The Indian rupee on thursday lower 17 paise to close at 88.13 per dollar, while it opened at 87.96 in the morning.At close, the Sensex was up 320.25 points or 0.39 percent at 83,013.96, and the Nifty was up 93.35 points or 0.37 percent at 25,423.60. About 2019 shares advanced, 1962 shares declined, and 158 shares unchanged.read more :- PM Mitra Park: Better prices for farmers, employment for youth, investment on 5F model
Farmers said the PM Mitra Park will bring good cotton prices; youth and women hope for employment; investors said the factory will operate on 5F.Prime Minister Narendra Modi laid the foundation stone for the country's largest PM Mitra Park, to be built on approximately 2,158 acres of land in Bhainsala, Dhar, on Wednesday. Production in textile-related industries is expected to begin in this park within two years.Cotton farmers and textile entrepreneurs in Malwa-Nimar have high hopes for this park. Youth across the region are also excited about the potential for employment. Dainik Bhaskar spoke with farmers, youth, women, and industrialists and workers about the project. Find out who has what expectations...First, find out...what farmers expect.Manna Lal Bhuria, a cotton farmer from Chayan village, says, "We grow a large quantity of cotton. Currently, our cotton is small. We believe that cotton will be purchased at good prices in the village itself."Narsingh Bhabar, a farmer from Gandhwani, said, "Setting up factories here will provide employment. Children don't have any work right now, but once this work starts, they will. Women will get good work. We grow cotton, which currently sells for 60-70 rupees a kilo. We believe that once the factories open, our cotton will be bought for at least 100 rupees a kilo."What Women, Youth, and Workers SaidPooja, a couple from Dotriya village, said, "Our wages will increase with the establishment of factories here. We will benefit greatly." Local youth Shobharam Vaskel said, "We are still hoping for government jobs. But even if we don't, we will find jobs here in this park. We won't have to go out looking for jobs."Now read what the industrialists investing in the park said... A zipper industry manufacturing chains for pants and bags will spend 2.70 crore rupees. Aditya Jat, manager of the company that came to PM Mitra Park to obtain an LOI for a zipper manufacturing company, said, "Our company, Chaudhary Infra Project, is based in Badnawar.Our company is going to invest 2 crore 70 lakh rupees here. We have been allotted 10 thousand square feet of land. Our company will manufacture chains for pants, bags, and raincoats. The chain used for designing clothes is called a zipper. Our company will work here to manufacture zippers (chains).An Indore company will work on the park's 5F theme. Sanjay Agarwal, a textile industrialist from Indore, one of the industrialists allotted land in PM Mitra Park, said, "Our company works in the textile sector.We have committed to investing 4 crore 72 lakh rupees here under the name NASA Fiber to Fashion." We have filed a project for dyeing, knitting, and garmenting here. Our company will work on the 5F theme of PM Mitra Park.------------------ These are the 5Fs- ---------* FARM - Cotton-producing farmers will be able to bring cotton directly from their fields and sell it to companies .* Fiber - Cotton will be ginned, i.e., cleaned, and made into yarn .* Factory - Cotton will be spun, woven, and separated from the cotton.* Fashion: Clothing designing, garmenting, etc. will be done, such as buttoning .* Foreign: After packaging the finished garments in the factory, they will be exported directly from here to foreign countries.Industrialist said, "If cotton is purchased at competitive rates, farmers will benefit." Lakshmi Narayan Gupta, Director of TDN Fibers Limited, Kukshi, said, "Our business is cotton fibers. We believe we will receive some more concessions. We are also participating in the park." We are planning production here as well.Setting up plants here will benefit local residents. Cotton farmers will see increased profits. When traders purchase cotton from an average farmer at competitive rates, he will receive more money and his income will increase.read more :- Rupee opens 16 paise down at 87.96
Rupee opens 16 paise down at 87.96 as dollar index surgesThe rupee opened at 87.96 against the dollar after ending the previous session at 87.80.read more :- Brazilian cotton prices near decline (2024-25)
Brazilian cotton prices fall as 2024-25 harvest nears completion Cotton prices in Brazil moved down in early September due to the progress of harvesting and processing activities of the 2024-25 season, which boosted the availability of batches and encouraged sellers to be more flexible about quotations. Decreases in dollar values abroad also reinforced the downward trend in the domestic market, as per the Centre for Advanced Studies on Applied Economics (CEPEA).Due to constant price drops, many sellers stayed away from closing trades in the spot market, preferring to accomplish term contracts, which were closed at more attractive values compared to current ones. Purchasers, in turn, were closing only a few deals.The CEPEA/ESALQ Index (payment in 8 days) decreased 6.05 per cent between August 29 and September 15, closing at BRL 3.6703 (~$0.69) per pound on September 15. On September 12, it closed at BRL 3.6590 per pound, the lowest value since early July 2023, in nominal terms (BRL 3.7047 per pound), CEPEA said in its latest fortnightly report on the Brazilian cotton market.According to data from Brazilian Cotton Growers Association (ABRAPA), 90.83 per cent of 2024-25 crops had been harvested and 30.65 per cent had been processed until September 4.International Cotton Advisory Committee (ICAC) estimates the global area at 30.8 million hectares in 2025-26, for a decrease of 0.76 per cent compared to the previous crop. Productivity is expected to move up 1.4 per cent to 829.18 kilos per hectare, resulting in production at 25.55 million tons, up 0.63 per cent year-on-year. World consumption is likely to reach 25.519 million tons.In Brazil, production may increase 7.19 per cent to the record of 3.92 million tons in 2025-26, sustained by the higher area. Domestic consumption is likely to reach 752 thousand tons, up 0.27 per cent compared to the season before, the highest since 2014-15 (801 thousand tons).read more :- Rupee higher 02 Paise Against USD, Closes at 87.80
The Indian rupee on wednesday higher 02 paise to close at 87.80 per dollar, while it opened at 87.82 in the morning.At close, the Sensex was up 313.02 points or 0.38 percent at 82,693.71, and the Nifty was up 91.15 points or 0.36 percent at 25,330.25. About 2311 shares advanced, 1655 shares declined, and 164 shares unchanged.read more :- Rohtak: Hub of grain-cotton trade, new hub of MSME
MSME for Bharat: A hub for grain and cotton trade, strong connectivity has transformed Rohtak into a hub of industrial activity.Micro, Small, and Medium Enterprises (MSMEs) are considered the backbone of growth in the Indian economy. This sector not only employs millions of people but also plays a major role in fostering innovation and accelerating local and regional development. Amar Ujala is organizing the "MSME for Bharat Conclave" to discuss these opportunities and challenges.MSME for Bharat Conclave InformationThe MSME for Bharat Conclave in Rohtak will be held on September 18th from 11 a.m. to 2 p.m. The venue is Radhakrishnan Auditorium, Maharishi Dayanand University. Several prominent figures from the industry, trade, and development sectors will attend the event. The chief guest will be Mr. Rajesh Nagar, Minister of Food and Supplies, Government of Haryana.Objective of the ConclaveExperts will share their views on key topics such as digital transformation, easy access to finance, supply chain modernization, export expansion, skill development, and policy reforms. Additionally, new funding options, modern branding and marketing techniques, and practical uses of Artificial Intelligence (AI) will be highlighted.The conclave will specifically emphasize promoting women's participation, connecting MSMEs to international markets, and providing global recognition to local products through the One District One Product (ODOP) scheme.Experts believe that such events will prove crucial in connecting the MSME sector with new technology and financial opportunities, preparing them for global competition, and shaping future strategies. This conclave will be a unique opportunity for entrepreneurs across the country, including Rohtak, where industry and business leaders will share their experiences and suggestions.Let's learn about the importance of the MSME sector in Rohtak, Haryana, to the national economy.The Specialty of Rohtak's Light IndustryRohtak in Haryana is known as a major grain and cotton trading center. Light industries are also active here, strengthening the local economy.The city is located on the main Delhi-Ferozepur railway line, making it a vital link in the trade map of North India. Rohtak is also a major hub on the regional road network, offering easy access to Delhi, Bhiwani, Panipat, and other cities.Due to its strong position on both trade and transportation fronts, Rohtak continues to be a hub of industrial and economic activity.Industry ChallengesIndustries here face several challenges. Increasing traffic and expensive logistics put pressure on infrastructure, while the grain and cotton trade remains volatile due to seasonality. Small and medium-sized enterprises face a lack of capital and affordable credit. Furthermore, competition from larger industrial hubs and a reliance on traditional technology are slowing the growth of local industries.read more:- Cotton production to rise despite lower acreage and more rainfall
Cotton output likely to be higher despite drop in area, excess rainIndia’s cotton production during 2025-26, starting in October, is likely to be better than last year, despite a decline in the cropping area in key producing States of Maharashtra and Gujarat, and the excess August rain affecting the standing crop in some States. Timely and widespread rain this year and lower incidence of pest attacks have raised the prospects of higher yields, thereby leading to likely expansion of the overall crop size, according to the trade.Farmers reduced the cotton area this year in Gujarat and Maharashtra, as they found alternatives such as maize, groundnut and pulses to be remunerative. Cotton sowing has ended and the overall acreage is down by 2.53 per cent at 109.64 lakh hectares (lh) during the 2025 kharif season compared with 112.48 lh a year ago. Excellent crop conditionsIn major cotton producing States such as Gujarat, cotton was cultivated in 20.82 lh, a decline of 12 per cent compared with 23.66 lh a year. Similarly in Maharashtra, the area declined to 38.44 lh (40.81 lh last year).Meanwhile, the area under cotton cultivation increased in Southern States. In Telangana, it increased to 18.51 lh (18.11 lh), in Karnataka it is up at 8.08 lh (7.79 lh). In Andhra Pradesh, the area fell slightly to 3.77 lh (4.13 lh).“Crop conditions are excellent this year. Though there was a little damage due to recent rains in North India, the weather has opened again, and they are expecting a good crop in North,” said Atul S Ganatra, President, Cotton Association of India. Based on the recent feedback from all 10 State trade associations, India’s overall cotton crop for 2025-26 is likely to be between 325 lakh bales (170 kg) to 340 lakh bales, against 312 lakh bales this season, Ganatra said.In Karnataka, the crop is likely to increase by around 25 per cent to about 30 lakh bales (24 lakh bales in 2024-25), and in AP the crop size expectation is 17 lakh bales (12.5 lakh bales), he said. “Sowing has also increased in these States and the crop is good.” Ganatra said. In Telangana, the crop will likely be between 53 and 55 lakh bales (50 lakh bales), a 10 per cent increase. South to the rescueIn South India, the 2025-26 crop is likely to be 105 lakh bales (88 lakh bales), which is expected to help offset any decline in other States, Ganatra said. “The crop will be better than last year due to better yields on timely sowing, which was over in almost all states by June 15. The crop condition in central India, mainly Gujarat, Maharashtra and Madhya Pradesh, is excellent,” he added.According to Anand Popat, a cotton broker in Gujarat, the crop has been damaged by heavy rains in Punjab and Haryana, which will have a major impact. In Rajasthan, some damage has occurred, but it’s not very significant. In Central and South India, the crop conditions remain very good, so far. “If the heavy rains do not occur at the end of September, the quality and yield of cotton are expected to improve further,” Popat wrote in his latest weekly newsletter.Heavy rains in Maharashtra last month and again over the past two days has left large parts of Vidarbha’s cotton fields waterlogged. The damage, which was earlier estimated at around 14 lakh hectares, is now expected to rise further as the State Agriculture Department continues its assessment. Alongside weather risks, cotton farmers also face recurring pest attacks and diseases, with pest dynamics shifting over time.Telangana too saw extensive rains over the last few weeks, which has damaged the crop. This could impact the output as farmers expect lower yields. The crop is at the flowering-opening to boll elongation to the boll development stages. Pest incidences in AP“Prevailing weather conditions are congenial for the incidence of Spodoptera (insect) in the crop,” a government report said, advising farmers to use appropriate formulations to prevent any diseases at the crucial stage. In Andhra Pradesh, officials reported incidences of whiteflies, thrips, and jassids in districts like Anantapur, Guntur, and Prakasam. The total affected area is said to be about 11,600 ha.Price pressuresTraders expects arrivals during Dasara festive season (which is ahead by about 20 days this year) to be around 30-35,000 bales per day, from the current arrivals of around 10,000. The removal of import duty is expected to spur the imports during the October-December quarter with the trade pegging the imports upwards of 20 lakh bales during the quarter. As a result, the raw kapas prices have also come down and are hovering below the MSP levels in the range of ₹5,500-7,000 per quintal depending on the moisture content and the quality, which has been impacted in certain regions of North due to the recent rains.Heavy lifting by CCIThe State-run Cotton Corporation of India (CCI) has geared up for a massive market intervention and has opened record 550 procurement centres to launch the MSP operations starting Oct 1 in North India. CCI has been liquidating its stocks through the bulk discount sale scheme in an effort to gear up for the market intervention, where public procurement of the fibre crop is going to a high. Last year, CCI had procured one crore bales of 170 kg each and is currently holding around 12 lakh bales of the 2024-25 crop.Amidst record imports, muted demand, prices are expected to stay bearish and CCI may have do some heavy lifting through major market intervention.Meanwhile, the USDA said in its “Cotton: World Markets and Trade” report that India’s production will likely be higher in the 2025-26 season, leading to a marginal drop in imports to 35.8 lakh bales (170 kg) from 37.14 lakh bales. Exports may increase to 16.64 lakh bales next season from 12.8 lakh bales this season.The International Cotton Advisory Council (ICAC) said cotton production estimates have decreased significantly since August, dropping from 25.9 million tonnes to 25.5 million tonnes. It said there are shifts in trade patterns and demands from retailers, and brands are making cotton’s origin increasingly important.read more :- Rain damages cotton, prices below MSP
As Rain damage to unginned cotton has led to a price drop below MSP in North Indian mandis, causing farmers to lose Rs 500-2,200 per quintal.Nearly 6,000 bales of unginned cotton from the first picking of this season (2025–26), along with some old stock held by farmers, have arrived in various cotton mandis across North India, including Punjab, Haryana, and Rajasthan, in recent days. These three states account for the bulk of the region’s cotton cultivation.Unginned cotton, also known as narma, is cotton which is not separated from its seed.However, the initial rates have come as a shock to farmers, ranging between Rs 5,500 and Rs 7,200 per quintal — nearly Rs 500 to Rs 2,200 below the Minimum Support Price (MSP) in several mandis.For this season, the government has fixed the MSP at Rs 7,710 per quintal for medium staple cotton and Rs 8,110 for long staple cotton. In most of the northern cotton belt — Punjab, Haryana, and Rajasthan — medium staple is the primary crop, while medium-long staple is also grown in some parts, with an MSP of Rs 7,860 per quintal.Vinod Gupta, a commission agent based in Fazilka mandi, said cotton began arriving last week, but the pace is slow as incessant rain delayed the picking and damaged the crop. “Farmers were ready for the first picking by the last week of August, but heavy rain ruined it. Prices are nowhere near MSP. In Fazilka, farmers are getting only Rs 6,600 per quintal, which is a big setback,” he said.Bhagwan Bansal, president of the Punjab Ginners’ Association and the owner of SS Cotgin Pvt Ltd in Bathinda, said arrivals in Haryana and Rajasthan are very limited and nominal in Punjab. “Rates are quite below MSP because the crop has heavy moisture due to rains when the first picking was ready. At the moment, both quality and prices are down. If the weather remains good, rates and quality may improve in the second and third pickings in the coming weeks,” he said.Farmers in Haryana reported that waterlogging damaged crops in Hisar and adjoining areas, while similar damage was seen in Punjab’s Fazilka.According to Sushil Mittal, president of the Haryana Ginners Association and owner of Aditya Agro in Sirsa, rates are hovering between Rs 5,500 and Rs 7,100 per quintal, while the MSP in northern states is Rs 7,860 this year.“Farmers who picked before the rain are getting Rs 7,000–7,200 per quintal, but those who picked after the rain are not getting more than Rs 5,500–6,000 because of the damaged quality of the crop. Huge waterlogging in Hisar damaged crops badly. Experts now predict that only 6 lakh bales (170 kg each) of lint, separated from cotton seed, will arrive in Haryana this year, compared to 28–30 lakh bales just a few years back. Climate change, untimely rain, and pest attacks are reducing cotton acreage every year,” he said.Mittal added that his ginning unit has the capacity to produce 60,000 bales, but last year it could manage only 18,000, and this year the output will fall further. “The decline in area and rain damage has further squeezed the ginning and spinning industry,” he said.Northern cotton belt shrinks furtherDespite a small rebound in Punjab, cotton sowing in Haryana and Rajasthan has remained sluggish this season. Erratic weather, water shortages during sowing, waterlogging during picking, and persistent pink bollworm attacks have discouraged farmers from planting cotton, once a major alternative to paddy.Punjab has covered 1.13 lakh hectares, Haryana 3.80 lakh hectares, and Rajasthan 5.17 lakh hectares — totalling 10.10 lakh hectares. This is 2.35 lakh hectares less than last year (2024–25) and nearly 7.9 lakh hectares short of the 2023–24 level of 17.96 lakh hectares.Punjab, which saw its area collapse to below 1 lakh hectares in 2023–24 from 2.14 lakh hectares in 2022–23, has recorded a 15 per cent increase this year. Officials, however, call it only a partial recovery compared to the early 2000s when over 8 lakh hectares were under cotton. Farmers now prefer paddy due to pest attacks and groundwater depletion in the cotton belt.In Haryana, sowing is far behind the 4.76 lakh hectares reported last year and 5.78 lakh hectares in 2022–23. Rajasthan too has seen sharp shrinkage — from 10.04 lakh hectares in 2023–24 to 6.62 lakh hectares last year.read more:- Cotton and paddy in Punjab markets, prices below MSP
Punjab : On 1st day of paddy procurement, cotton too reaches Punjab mandis, sold below MSPBathinda: The first pickings of cotton and paddy reached grain markets of Punjab on Tuesday, the first day of paddy procurement.With the official purchase of cotton starting from Oct 1, the cash crop is being purchased by private traders. Cotton arrived in the Mansa grain market, while paddy arrived at Barnala grain market and others. Earlier, cotton also reached the Abohar grain market.Cotton brought by Gursewak Singh of Bhupal village in Mansa was purchased at Rs 7,265 per quintal, while the crop brought by Gurpreet Singh of Beerewala village was purchased at Rs 7,135 per quintal. Both brought small quantities of the crop. The MSP for different staples of cotton ranges from Rs 7,710 to Rs 8,110 per quintal. Cotton normally grown in Punjab is of 27.5-28.5mm long staple, with an MSP of Rs 8,010 per quintal. The first purchases, which took place in the presence of Mansa market committee chairman Gurpreet Singh Bhuchar, were made at nearly Rs 750-850 per quintal less than the MSP.Paddy that arrived at Barnala grain market was procured by state procurement agencies at an MSP of Rs 2,389 per quintal. As it was the first day of official procurement, some cleanliness arrangements were still underway in the grain markets.read more :- Rupee opened 23 paisa stronger at 87.82
Rupee Opens at 87.82, Up 23 PaisaIndian rupee opened 23 paise higher at 87.82 per dollar on Wednesday versus previous close of 88.05.read more :- Seeking breakthrough in India-US trade talks
India and US seek breakthrough in day-long trade talksIndia and the US are holding a day of trade talks, sparking hope that stalled negotiations on a bilateral agreement will soon resume.A team led by US trade negotiator Brendan Lynch is in Delhi to meet officials from India's commerce ministry.India said the meeting doesn't mark the start of the next round of negotiations, describing it as a "discussion" about "trying to see" how an agreement can be reached.Negotiations on a trade deal had stalled after US President Donald Trump imposed a hefty 50% tariff on Indian goods, partly as a penalty for Delhi's purchase of Russian oil and weapons. India has defended its decision, citing domestic energy needs, and called the tariffs "unfair".The hefty duties, along with strong criticism of India by Trump and his key officials, have led to a swift and surprising deterioration in ties between the allies.India is a major exporter of goods, including garments, shrimp and gems and jewellery to the US, and the tariffs have already impacted production and livelihoods.So Tuesday's meeting between Indian and US officials is being closely watched.Trump's 50% tariff on India kicks in as Modi urges self-reliance'How will I pay workers?': Indian factories hit hard by Trump's 50% tariffs"This is not an official round of negotiations but it will definitely be a discussion on the trade talks and on trying to see how we can reach an agreement between India and the US," Rajesh Agrawal, who is leading the discussions on India's behalf, told local media on Monday ahead of Mr Lynch's visit.A round of negotiations was called off last month following Trump's tariff announcement and India's refusal to stop buying Russian oil.But over the past few days, hopes have risen - Trump administration officials have sounded more conciliatory and India has confirmed that the discussions are still on.On Monday, US trade adviser Peter Navarro told : "India is coming to the table. We will see how this works."Navarro has been one of the most vocal critics of India, calling Russia's ongoing war with Ukraine Indian Prime Minister Narendra "Modi's war".Trump said that the US and India were "continuing negotiations to address the trade barriers" between the two countries. In response, Modi echoed the US president's optimism and said the two countries were "close friends and natural partners."Sergio Gor, Trump's nominee to be the next US ambassador to India, also said that the trade deal "will get resolved in the next weeks"."We are not that far apart right now on the deal. In fact, they're negotiating the nitty-gritty of the deal," he said during a confirmation hearing last week.Trump is sending a 'great friend' to India. Some see him as a 'slap in the face'Trump wants India to buy US corn - but here's why it probably won'tBut it still remains to be seen how the countries solve key disagreements that had earlier prevented a trade deal from materialising.Agriculture and dairy, in particular, are key sticking points.For years, Washington has pushed for greater access to India's farm sector, seeing it as a major untapped market. But India has fiercely protected it, citing food security, livelihoods and the interests of millions of small farmers.Last week, US Commerce Secretary Howard Lutnick repeated his earlier criticism of India's fierce safeguards, asking why a country of 1.4 billion people wouldn't "buy one bushel of US corn".But Indian experts have argued that Delhi shouldn't give in to pressure to open up its agricultural market, keeping national sovereignty and food security in mind.read more :- Rupee Ends Flat at 88.05/USD
The Indian rupee closed stable at 88.05 per dollar on tuesday, while it had opened at 88.05 in the morning.At close, the Sensex was up 594.95 points or 0.73 percent at 82,380.69, and the Nifty was up 169.90 points or 0.68 percent at 25,239.10. About 2294 shares advanced, 1470 shares declined, and 131 shares unchanged.read more :- Madhyanchal Ginners urged CCI to improve MSP operations
Madhyanchal Ginners Association sends suggestions to CCI, emphasis on streamlining MSP operationsThe cotton ginners of Madhyanchal region have sent detailed suggestions to The Cotton Corporation of India Limited (CCI) to streamline and make the process of Minimum Support Price (MSP) operations smooth and transparent. This letter is addressed to CCI Chairman-cum-Managing Director Shri Lalit Kumar Gupta, a copy of which has also been sent to Smt. Padmini Singla, Joint Secretary, Ministry of Textiles.In a meeting held in New Delhi on September 11, the ginners discussed the problems related to MSP operations with senior officials of CCI and Ministry of Textiles. In the same sequence, the Ginners Association has presented its suggestions in reference to the letter issued by CCI on September 12.Key suggestions:1. Priority to L1 rate - All technically eligible factories, which are ready to work at L1 rate, should be allotted turn-by-turn work on the basis of rating points.2. Condition of uniform rate and rating – In such a situation, work allocation should be done on the basis of the year of establishment of the factory.3. Option of re-tendering – Either all tenders should be re-tendered through the new system, or those who had submitted tenders earlier should be allowed to work on the old terms.4. Geographical flexibility – Farmers in the border centers of Madhya Pradesh (Sendhwa, Khetia, Anjad, Kukshi, Burhanpur) should be allowed to sell cotton to the nearest factory, irrespective of the district in which it is located.Additional requests:* Lint percentage in the tender conditions should be kept as last year.* The conditions discussed in the New Delhi meeting should also be included in the new tender notice.* The association has assured full cooperation to CCI in the MSP procurement process.Benefits of the proposed system:* CCI will not suffer any financial loss.* Security risks will be reduced due to cotton storage at different places.* Farmers will get the facility to sell cotton to the nearest factory. * Modern ginning units will improve quality.* Availability of workers and employment opportunities will increase.Ginning factories will remain active and avoid becoming NPAs.The Madhyanchal Ginners Association has expressed hope that CCI and the Ministry of Textiles will accept their suggestions, which will make MSP operations more effective, farmer-oriented and in the interest of the industry.read more :- Cotton Corporation sold 15 lakh bales under the wholesale discount scheme
Cotton Corporation sold 15 lakh bales under bulk discount scheme in last fortnightCCI President Lalit Kumar Gupta said, "We have sold 15 lakh bales under this bulk discount scheme. We have a stock of less than 12 lakh bales right now."State-run CCI, which had bought one crore bales at minimum support price (MSP) during the 2024-25 cotton season, reduced its floor price by ₹2,000 per candy (356 kg of ginned cotton) after the government removed 11 per cent import duty on August 19.BengaluruThe Cotton Corporation of India (CCI) has sold 15 lakh bales (each of 170 kg) under the bulk discount scheme in last fortnight. The bulk discount scheme, which began on September 1, ended on Monday. CCI had a stock of 27 lakh bales before the introduction of the scheme.CCI had launched a bulk discount scheme to sell its stock ahead of the new procurement season starting October 1. It offered discounts ranging from ₹400 to ₹600 per candy to bulk buyers of different categories.Purchasing centresFor the Kharif marketing season 2025-26 starting October, CCI has set a record.Harvest bustle. CCI launched a bulk discount scheme to sell its stock ahead of the new procurement season.550 procurement centres across major cotton producing states."Procurement will commence in Haryana, Punjab and Rajasthan from October 1 and in Madhya Pradesh, Gujarat, Maharashtra and Odisha from October 15," Gupta said.He further added that procurement in Telangana, Andhra Pradesh, Karnataka and Tamil Nadu will commence from October 21. The government has announced an MSP of Rs 7,710 per quintal for medium staple cotton and Rs 8,110 per quintal for long staple cotton. As of September 15, farmers across the country have sown cotton in about 109.64 lakh hectares, lower than 112.48 lakh hectares in the same period last year.The Cotton Association of India recently estimated the carry-forward stock for the new season 2025-26 starting October to be at a five-year high of 60.59 lakh bales, up from 39.19 lakh bales earlier.The increase in carry-forward stock is due to a rise in imports as import duty was removed. Imports for 2024-25 are estimated at 41 lakh bales as against 15 lakh bales last year. Traders expect cotton imports to reach around 20 lakh bales during the October-December quarter.read more:- India's textile-apparel exports declined by 2.7% in August
India’s textile and apparel exports fall 2.73% in August.CHENNAI : India’s textile and apparel exports contracted by 2.73% in August 2025 compared to the same month last year, declining to $2,931.39 million from $3,013.76 million in August 2024, according to data released by the Confederation of Indian Textile Industry (CITI) on Monday.Exports of jute manufactures and carpets registered sharp year-on-year declines of 8.35% and 7.22%, respectively. Carpet exports to the US fell from $128.48 million in August 2024 to $119.21 million this year. Exports of cotton yarn, handloom products and related categories also dropped to $985.18 million in August 2025, compared with $1,008.61 million a year earlier.On the other hand, cumulative exports of textiles and apparel between April and August 2025 grew 2.52% compared with the same period last year. Apparel exports alone rose 5.78% during this five-month period.India also witnessed a 21.32% rise in imports of cotton (raw and waste) in August 2025 compared to August 2024. During April–August 2025, imports of these products surged 48.75% year-on-year.The Indian textile industry has been reeling under steep tariffs by the US, which is its largest market. Tariffs on textile exports to the US stand at nearly 60%.Rohit Sadaka, Director at India Ratings, told TNIE: “Most of the apparel exports are made-to-order for brands. It is difficult to completely absorb the US demand within the domestic market. India can diversify exports to the UK, Europe and other countries, but any meaningful shift may take time.”According to the rating agency, nearly 35% of listed textile SMEs are likely to face stress due to the uncertainty over US tariffs. Sadaka added: “Large players in the sector can absorb the losses because of their huge cash balances. But small players will face the real heat of these tariffs.”Recently, ICRA revised its outlook on the Indian apparel export industry to negative from stable, following the upward revision in US tariff rates and their consequent adverse impact on India’s overall apparel exports.ICRA expects apparel exporters’ revenues to decline by 6–9% in FY26, despite the Free Trade Agreement (FTA) with the UK and efforts to divert supplies to other geographies. Operating profit margins are forecast to compress to around 7.5% in FY26, down from 10% in FY25, due to weaker performance in the second half of FY26, led by lower volumes and reduced operational efficiency. With weaker earnings and higher working capital dependence, credit metrics are also expected to moderate, the agency said in a press release.read more :- INR Opens Stronger by 16 Paise at 88.05
Tamil nadu : Centre urged to set up Cotton Corporation of India depots in TN districtsCOIMBATORE : The South India Spinners Association (SISPA) has urged the Union textiles ministry to establish Cotton Corporation of India (CCI) depots in key districts of Tamil Nadu.At the 34th annual general body meeting of SISPA held in Coimbatore on Sunday, its newly elected president, R Arun Karthik, highlighted the challenges faced by spinning mills. He reiterated SISPA’s demand that CCI sell cotton in the domestic market at prices aligned with international market rates, a move the association believes is critical to enhancing the industry’s competitiveness.“Although certain industries in Tamil Nadu receive power subsidies, the industrial power tariff in the state is Rs 9.04 per unit, which is higher compared to other states such as Karnataka (Rs 7.75) and Maharashtra (Rs 7.38), thereby affecting the competitiveness of energy-intensive industries,” he said.Tamil Nadu: Demand to set up depots of Cotton Corporation in districtsHe urged the Tamil Nadu govt to immediately implement a power incentive scheme on a per-unit consumption basis to create a level playing field with other states and enhance the state’s industrial competitiveness. He called for the permanent abolition of network charges levied on industries generating rooftop solar energyread more:- INR Opens Stronger by 16 Paise at 88.05
| title | Created At | Action |
|---|---|---|
| "GST 2.0: New impetus for textiles and logistics" | 19-09-2025 12:26:43 | view |
| Tamil nadu : Mini textile park inaugurated in Karur | 19-09-2025 11:46:41 | view |
| Rupee open Falls 09 Paise to 88.22/USD | 19-09-2025 10:39:42 | view |
| India's cotton production expected to increase in 2025-26 | 18-09-2025 16:11:29 | view |
| INR Drops 17 Paise, Closes at 88.13 per Dollar | 18-09-2025 15:42:13 | view |
| PM Mitra Park: Better prices for farmers, employment for youth, investment on 5F model | 18-09-2025 13:30:11 | view |
| Rupee opens 16 paise down at 87.96 | 18-09-2025 10:51:26 | view |
| Brazilian cotton prices near decline (2024-25) | 17-09-2025 15:59:11 | view |
| Rupee higher 02 Paise Against USD, Closes at 87.80 | 17-09-2025 15:40:26 | view |
| Rohtak: Hub of grain-cotton trade, new hub of MSME | 17-09-2025 15:36:28 | view |
| Cotton production to rise despite lower acreage and more rainfall | 17-09-2025 13:08:30 | view |
| Rain damages cotton, prices below MSP | 17-09-2025 11:32:54 | view |
| Cotton and paddy in Punjab markets, prices below MSP | 17-09-2025 11:18:50 | view |
| Rupee opened 23 paisa stronger at 87.82 | 17-09-2025 10:30:32 | view |
| Seeking breakthrough in India-US trade talks | 16-09-2025 17:01:25 | view |
| Rupee Ends Flat at 88.05/USD | 16-09-2025 15:43:38 | view |
| Madhyanchal Ginners urged CCI to improve MSP operations | 16-09-2025 12:19:53 | view |
| Cotton Corporation sold 15 lakh bales under the wholesale discount scheme | 16-09-2025 12:00:47 | view |
| India's textile-apparel exports declined by 2.7% in August | 16-09-2025 11:52:05 | view |
| Tamil Nadu: Demand to set up depots of Cotton Corporation in districts | 16-09-2025 11:36:19 | view |
