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The Hindu
3 hours ago
- Business
- The Hindu
PM MITRA textile park in Virudhunagar to boost TN's textile capability
The Virudhunagar PM MITRA Park, encompassing 1,052 acres, which got Central government's approval of ₹1,900 crore, is set to become a world-class hub for technical textiles and an integrated manufacturing hub, said A. Sakthivel, vice-chairman of the Apparel Export Promotion Council (AEPC), in a press release on Wednesday. The park will include a 15 million litres a day (MLD) Zero Liquid Discharge (ZLD) Common Effluent Treatment Plant, a 10,000-bed workers' dormitory, and over 1.3 million sq. ft. of ready-to-use infrastructure. The park is projected to attract investments worth ₹10,000 crore and generate employment for over one lakh people by 2026. This facility will significantly boost Tamil Nadu's competitiveness, particularly in the areas of value-added, sustainable, and export-oriented apparel manufacturing. The AEPC will support the successful implementation of the PM MITRA initiative, with plug and play manufacturing facilities, in close collaboration with both, the Central and State governments, Mr. Sakthivel said. The Central government's announcement is a transformative step towards reinforcing the country's leadership in the global textile sector. The State government's continuous engagement and sustained efforts have culminated in this achievement for the State's textile sector, he added.
Fashion Value Chain
a day ago
- Business
- Fashion Value Chain
AEPC Flags US Tariff Concerns in Meeting with Piyush Goyal
Shri Sudhir Sekhri, Chairman of the Apparel Export Promotion Council (AEPC), and Shri Vijay Agarwal, Chairman of TEXPROCIL, met with the Hon'ble Minister of Commerce & Industry, Shri Piyush Goyal, in the capital to discuss growing concerns over the proposed India-US Bilateral Trade Agreement. The high-level meeting follows recent developments indicating that the US may impose reciprocal tariffs of up to 26% after the July 9 deadline—a move that could significantly impact India's textile and apparel exports, especially to its key market, the United States. During the meeting, the Chairmen raised red flags about the implications for labour-intensive sectors, particularly apparel and home textiles, which form a major chunk of India's export earnings and employment—especially in MSMEs and rural clusters. A hike in tariffs could lead to a sharp dip in exports and substantial job losses, they warned. Minister Piyush Goyal assured the delegation that the Government is fully committed to protecting the interests of vulnerable export sectors and that the ongoing negotiations will prioritize the sustainability and competitiveness of the Indian textile industry. The meeting reflects the Government's proactive engagement with stakeholders as it navigates evolving global trade dynamics to safeguard India's economic and employment interests.
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Business Standard
5 days ago
- Business
- Business Standard
Govt will protect textile sector in US trade deal: Goyal tells export body
Commerce and Industry Minister Piyush Goyal has assured industry bodies that the government will protect the interests of the textiles and apparel sector in the proposed trade agreement with the US, AEPC said on Friday. Apparel Export Promotion Council (AEPC) Chairman Sudhir Sekhri said he, along with TEXPROCIL (Cotton Textiles Export Promotion Council) Chairman Vijay Agarwal, met the minister to apprise him of key concerns related to the proposed agreement. "The minister gave a patient hearing to the concerns raised and assured the delegation that the government is committed to protecting labour-intensive sectors during the ongoing negotiations under the India-US Bilateral Trade Agreement," the council said in a statement. The minister also reiterated that all necessary steps would be taken to ensure that India's interests, especially those of vulnerable sectors like textiles and apparel, are safeguarded. It further said that if the US will go ahead with the additional 26 per cent reciprocal tariffs on India then it would have serious implications for the sector's exports to America. Both the heads of the two councils expressed deep concern over the potential ramifications for the labour-intensive textile and clothing sector, which is a major contributor to India's export economy and employment, AEPC said. They highlighted that apparel and home textiles are among the leading export categories to the US, and would be disproportionately affected by any tariff hike. "They also drew attention to the likely consequences in terms of decline in exports and job losses, particularly in MSME segments and rural employment clusters," it added. The Trump administration has suspended the 26 per cent tariff on Indian goods till July 9. India's apparel exports to the US stood at USD 5 billion in 2024-25. Indian official team is in Washington for the next round of trade talks.
The Hindu
5 days ago
- Business
- The Hindu
Textile, apparel exporters concerned over U.S. reciprocal tariff
The Apparel Export Promotion Council (AEPC) and the Cotton Textiles Export Promotion Council ( Texprocil) have expressed concern over reports that the U.S. may levy up to 26% reciprocal tariff from July 9. AEPC chairman Sudhir Sekhri and Texprocil chairman Vijay Agarwal had met Union Minister of Commerce and Industry Piyush Goyal regarding the concerns related to the proposed India-U.S. Bilateral Trade Agreement. 'They expressed concern over the potential ramifications for the labour-intensive textile and clothing sector because of the potential reciprocal tariff,' according to a press release. Apparel and home textiles are among the leading export products to the U.S., and will be disproportionately affected by any tariff hike. The press release said the Minister assured the delegation that the government was committed to protecting labour-intensive sectors in the ongoing negotiations under the India-U.S. Bilateral Trade Agreement.
Time of India
5 days ago
- Business
- Time of India
Piyush Goyal assures to protect interest of textiles sector in trade pact with US: AEPC
New Delhi: Commerce and Industry Minister Piyush Goyal has assured industry bodies that the government will protect the interests of the textiles and apparel sector in the proposed trade agreement with the US, AEPC said on Friday. Apparel Export Promotion Council (AEPC) Chairman Sudhir Sekhri said he, along with TEXPROCIL (Cotton Textiles Export Promotion Council) Chairman Vijay Agarwal, met the minister to apprise him of key concerns related to the proposed agreement. "The minister gave a patient hearing to the concerns raised and assured the delegation that the government is committed to protecting labour-intensive sectors during the ongoing negotiations under the India-US Bilateral Trade Agreement ," the council said in a statement. The minister also reiterated that all necessary steps would be taken to ensure that India's interests, especially those of vulnerable sectors like textiles and apparel, are safeguarded. It further said that if the US will go ahead with the additional 26 per cent reciprocal tariffs on India then it would have serious implications for the sector's exports to America. Live Events Both the heads of the two councils expressed deep concern over the potential ramifications for the labour-intensive textile and clothing sector, which is a major contributor to India's export economy and employment, AEPC said. They highlighted that apparel and home textiles are among the leading export categories to the US, and would be disproportionately affected by any tariff hike. "They also drew attention to the likely consequences in terms of decline in exports and job losses, particularly in MSME segments and rural employment clusters," it added. The Trump administration has suspended the 26 per cent tariff on Indian goods till July 9. India's apparel exports to the US stood at USD 5 billion in 2024-25. Indian official team is in Washington for the next round of trade talks. Economic Times WhatsApp channel )
