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The Cabinet Committee on Economic Affairs has approved a ₹501 per quintal increase in the Minimum Support Price for cotton, providing relief to farmers amid rising input costs.
India's textile and apparel exports hit a milestone of $16 billion in the first half of FY2025-26, driven by strong demand from the US, EU and emerging markets in West Africa.
The knitwear hub of Tirupur has seen a strong rebound in export orders, with buyers from Europe and the US shifting sourcing away from China and Bangladesh in favour of Indian suppliers.
Cotton futures climbed sharply this week as buyers from China, Bangladesh and Vietnam placed aggressive orders ahead of the festive production cycle, pushing MCX prices to a three-month high.