The Ministry of Textiles is likely to receive a 15 per cent increase in its allocation, reaching an estimated US $ 587 million
Manufacturing News
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The Haryana government is considering the development of a new footwear park in Jhajjar, aimed at fostering industrial growth and generating employment. Deputy Commissioner Pradeep Dahiya shared that the project will open doors for new opportunities, following the success of the existing footwear park in Bahadurgarh.
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Envoy Textiles Limited, a prominent denim manufacturer from Bangladesh and the first company in the world to achieve LEED certification for denim production is set to open a business office in the United States.
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Indonesia’s garment industry is facing severe job losses, with up to 80,000 jobs lost last year, as Chinese goods flood the market at below-cost prices. Industry leaders warn that without Government action to stop illegal imports, hundreds of thousands of workers could be laid off. Tariff concerns also add pressure.
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India plans to strengthen its textile and apparel industry by increasing budget allocations and offering tax incentives and tariff cuts. With political unrest in Bangladesh pushing international merchants to seek alternatives, Indian exporters are handling a surge in demand. The Government is also considering boosting production-linked incentives for 2025-2026.
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Bhiwandi, once a global textile hub, now faces the collapse of its powerloom industry. Looms are being sold as scrap, and industry leaders blame GST, demonetisation, and the rise of auto-looms for the downturn. Ahead of the Union Budget, owners urge the Government to prioritise measures for revival.
