To be sure, the arrangement could still give Bangladesh a limited edge given that the overall gap in reciprocal tariffs with India is just one percentage point.
From cotton and yarn to garments, India’s competitiveness in the American market faces a renewed stress test
The US–Bangladesh Agreement on Reciprocal Trade, signed on February 9, cuts the reciprocal tariff on Bangladeshi goods to 19% and provides duty‑free access to certain garments made with US‑produced cotton
The finance minister also said the government did not assess the potential impact of US tariff actions while framing Budget proposals.
Calling the Budget ‘on course for Viksit Bharat 2047’, Kant said that the private sector needs to invest in infrastructure and pointed out the need for higher Foreign Direct Investments (FDI).
Union Budget 2026: The finance minister announced an integrated push for the textile sector, proposing mega textile parks, skilling initiatives, labour incentives, and machinery support.
Reinstating 11% import duty on raw cotton has seen local prices move up in tandem, eroding profitability of cotton spinning mills already reeling under steep US tariffs
The rupee crossed the 90-mark against the US dollar on persistent outflows and uncertainty around the India-US trade deal
The garment exporter delivered quietly when the entire sector was facing the US tariff impact
Exporters say that international brands are increasingly probing environmental, social and labour safeguards while placing orders, and labour code clarity could eventually strengthen India’s credibility with ESG-focused foreign buyers.
While the Codes overhaul 29 separate laws into a single structure, their provisions carry specific implications for mine workers, employees in hazardous environments, and textile-sector labourers, including migrants.
We will soon be mounting delegations of Indian seafood exporters to Singapore and the UAE. Besides, Latin America and the Gulf region have huge potential for our products, Union minister for commerce and industry Piyush Goyal said.
The rate cut should lower procurement costs, improve cost efficiency, and enhance operating margins
Comprehensive business model offering multi-country, multi-product solutions may reduce the impact of tariffs
The Advance Authorisation Scheme allows duty-free imports of inputs for use in physical exports, without the mandatory requirement of compliance with QCOs for such imports.
Move aims to fix duty inversion, rationalise rates across the value chain – from cotton to garments – to reduce compliance burden and attract investments
Finance and textiles secretaries to chair meeting with managing directors of SBI, PNB, BoB and others to focus on green financing, MSME credit ratings and subsidy bottlenecks
Comprehensive business model offering multi-country, multi-product solutions to global retailers
When asked if US President Donald Trump's threatened tariffs may affect India's textile industry, Singh said, 'Every third or fourth bedsheet and towel in US is made in India.'
Stocks of textile majors including Vardhman Textiles, Welspun Living, Arvind, and Raymond Lifestyles among others gained ground and closed in positive territory. While Welspun Living gained nearly 12 percent, Raymond Lifestyle was up more than six percent on Wednesday.
Key Indian export sectors to benefit are, textiles, leather, footwear, marine products, gems & jewellery, auto parts, engineering goods, and organic chemicals.
At 59, Gautam Singhania is taking a pragmatic view of succession, balancing professional management with his daughters' dreams even as he lays the foundation of a trusted, enduring Raymond for the next generation
A growing worry within the textile industry is also about consumption declining in America due to higher prices of imported products which would directly impact India's export growth despite having a competitive edge on tariffs over other countries.
The levies have hit small and medium Indian shipments of textiles, carpets, automobile parts, marine products, furniture, and steel and aluminium particularly hard, nearly a dozen Indian exporters, companies and port operators told Moneycontrol.
Policy uncertainty will remain elevated and enterprises are likely to delay discretionary spending till clarity emerges