Textile Market News

India's textile industry has urged the government to reconsider imposing an anti-dumping duty (ADD) on Mono Ethylene Glycol (MEG), a vital raw material for polyester staple fiber. The industry warns, ongoing shortage of MEG would worsen due to the duty, creating supply chain issues. The Directorate General of Trade Remedies (DGTR) has issued a ‘Disclosure Statement,’ and a final government decision is expected soon.

The Maharashtra government has approved a special grant of Rs 36.4 crore as share capital for the Nilkanth Cooperative Spinning Mill in Akola. The decision was made as a ‘special case’ to revive the mill, which has been closed since 2008. The money is intended to give the necessary share capital to restart the mill's operations. This funding is crucial for the mill to attract bank loans and other financial assistance needed for its revival.

According to the latest issue of SBI Ecowrap newsletter, published by the State Bank of India (SBI), export-oriented sectors, including textiles, leather, and chemicals, are expected to feel revenue and margin pressures in Q2, FY26 due to the new US tariffs.

Hisar Spinning Mills has scheduled its 33rd Annual General Meeting (AGM) for September 30, 2025. The purpose of this AGM is to review the company's financial performance, approve dividends (if any), and address other important business matters. Shareholders are given the option to vote electronically on the resolutions presented at the meeting.

In its recent board meeting, Amit Spinning Industries, also known as Girnar Spintex, approved a proposal to partially sell a few of its old machines. This sale is in line with the company's plan to modernize its manufacturing operations. The company has installed new and updated machinery, including Schlaforst Autoconer 338 Machines and an Uster Cotton testing machine, to improve product quality and enhance machine life.

Sharmanji Yarns has proposed an investment of Rs 836.7 crore at the PM MITRA Park in Dhar, Madhya Pradesh. The company is one of several textile firms that have committed to investing in the park, which is being established to boost India's textile sector. The Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) Park in Dhar is one of seven such parks being developed across India. These parks are a part of a central government initiative to create large-scale, world-class textile manufacturing hubs. The park in Dhar is located in the Bhainsola village of the Badnawar tehsil.

One of India’s leading home textile manufacturers with a major export presence in the US, VTM has announced a proactive set of measures to reduce the impact of the newly imposed US tariffs on Indian textile imports. With a well-balanced roadmap focusing on market diversification, value-added product innovation, and financial discipline, the company is positioning itself to navigate short-term turbulence while sustaining medium- to long-term growth. The company has outlined four strategies namely: customer continuity, market diversification, portfolio premiumization and financial discipline

The Maharashtra state government has approved a final payout of Rs 50 crore for 1,124 workers of the now-defunct Nagpur Weavers' Cooperative Spinning Mill (Sutgirni). Formalized through a Government Resolution (GR) on August 28, 2025, this decision comes as a one-time ex-gratia grant to settle the pending dues of the workers. The funds for this payout will come from the proceeds of the sale of 20.20 acre of the mill's land to the Maharashtra Housing and Area Development Authority (MHADA) for Rs 177 crore.

The latest USDA report says, India's cotton production for the MY25/26 is projected to decline by 2 per cent from previous estimates to 24.5 million 480-pound bales (5.4 million metric tons) from 11.2 million hectare The decline is a result of farmers switching to more profitable crops like rice, pulses, and cereals.