Textile Market News

Nitin Spinners has signed an MoU under the Kasturi Cotton Bharat initiative, sponsored by the Ministry of Textiles. The MoU was signed during the ‘World Cotton Day’ 2025 celebrations. A leading textile spinner, Nitin Spinners' participation in this event underscores the company’s dedication to promoting the Kasturi Cotton Bharat brand, which emphasizes the purity, quality, and sustainability of Indian cotton.

The recent Goods and Services Tax (GST) reforms are expected to soften the blow of new US tariffs on the textile industry in Panipat, states Manohar Lal Khattar, Union Minister. By restructuring GST slabs, the government has effectively lowered the domestic prices of specific textile products. This move aims to boost domestic demand and help offset the revenue losses resulting from reduced exports to the United States, he explains.

The Central Silk Board (CSB) organized a Training Program on Advanced Silkworm Rearing Techniques under its mega technology transfer campaign’Mera Resham Mera Abimaan (MRMA), as the Central Silk Board (CSB) brought a crucial piece of its national modernization drive to the grassroots.

The cotton sector in Gujarat has undergone a significant transformation on account of the various initiatives undertaken by the Prime Minister, says Raghavi Patel, Agriculture Minister, Gujarat. Cotton production in Gujarat increased from 17 lakh bales in 2001-02 to 71 lakh bales by 2024-25, or 92.47 lakh bales by 2023-24. The area under cotton cultivation grew from 17.49 lakh hectare in 2001-02 to 23.71 lakh hectare by 2024-25.

The sole spinning mill in Sundargarh, Odisha, Shree Hari Spinners is facing operational headwinds due to volatile raw material prices and falling demand. Located in Kirei, the mill had resumed operations only about 10 months ago after a prolonged closure.

The natural fiber market in India is projected to grow to $7.28 billion by 2030. As per a report by Grand View Research, revenues from this segment are expected to rise to $7.28 billion by 2030 growing at a CAGR of 6.4 per cent from 2025 to 2030.

India’s cotton sector is facing a novel outlook for the 2025-26 crop year, according to the latest USDA forecasts. A key player in the global market, the country is expected to witness a shift in production and consumption trends during the year.

A four-party MoU was signed on September 26, 2025, in Kohima, Nagaland, initiating a five-year agreement (2025-26 to 2030-31) to transform the state into a significant hub for natural fiber production.