Threads of Trade

Remembering Dr. Manmohan Singh (1932–2024): A Visionary Leader On December 26, 2024, India and the world bid farewell to Dr. Manmohan Singh, a towering figure in global economics and politics. As India’s 13th Prime Minister and a celebrated economist, Dr. Singh’s contributions were instrumental in transforming the nation’s economic landscape. Known for his humility, integrity, and dedication to public service, Dr. Singh led with quiet strength and wisdom. His tenure as Finance Minister in the early 1990s ushered in reforms that opened India’s economy to the world, while his leadership as Prime Minister left a legacy of growth, stability, and global respect. Dr. Singh’s passing is a profound loss for all who believe in the power of thoughtful leadership and visionary policymaking. May his memory continue to inspire progress and peace. #ManmohanSingh #Tribute #Leadership #Legacy

?? Global Cotton Market Update: Highlights from ICE Trading and Beyond The ICE cotton market witnessed its lowest trading volume in two years on Thursday, with only 13,139 contracts traded, as trading hours were shortened to 6 hours and 50 minutes due to the post-Christmas holiday. US cotton prices closed slightly lower, with March 2025 futures settling at 68.75 cents/lb, down by just 0.03 cents. Key Highlights: ?? Price movements remained within a tight range across contracts. ?? NYMEX crude oil prices fell amid light trading, making polyester—a cotton substitute—more affordable. ?? The USDA's weekly export sales report is expected today after a holiday delay. ?? Brazil's Cotton Outlook: 2024–25 acreage forecast: 2.12 million hectares (+0.4%). Significant growth: Acreage to surpass 2 million hectares for the first time in 36 years (+6.5% YoY). Key contributors: Bahia and Mato Grosso states. As global dynamics shift, cotton producers and traders should keep an eye on evolving trends. Stay tuned for further updates! #CottonMarket #GlobalAgriculture #TradingTrends #Sustainability #TextileIndustry #IndustryUpdates #NewsUpdates #News

?? Strengthening India-EU Trade Ties: A Boost for the Textile Industry In a recent video conference, Indian Commerce & Industry Minister Piyush Goyal raised concerns about trade barriers faced by Indian industries, including textiles, in EU markets during discussions with Maros Sefcovic, European Commissioner for Trade & Economic Security. ?? Key Highlights: Minister Goyal emphasized the need to address non-tariff barriers affecting sectors like textiles as a confidence-building measure. The talks also included progress on the proposed India-EU Free Trade Agreement (FTA), which could open up new opportunities for Indian textile exports. Both sides are committed to pursuing a balanced, equitable, and mutually beneficial FTA, potentially reducing trade barriers for textile businesses. With nine rounds of FTA negotiations completed, this dialogue marks another step toward stronger economic collaboration, benefiting the Indian textile sector and other industries. ???? #IndiaEU #TextileTrade #TextileIndustry #TradeRelations #TextileExports #IndiaTextile #FTA #GlobalTextile #TradeBarriers #EconomicPartnership #InternationalTextiles #TextileBusiness #EUTextileMarket #TextileNegotiations #TextileGrowth #GlobalTextileTrade #PiyushGoyal #TradeTalks #MadeInIndia #TextileExports

Godavari Biorefineries Limited (GBL) is taking a bold step towards sustainable growth and energy security with a ?130 crore (~$15.6M) investment in a 200 KLPD corn/grain-based ethanol distillery. ???? This dual-feedstock capability enhances flexibility, ensuring resilient ethanol production despite climate challenges, while supporting India's ambitious ethanol blending program. With a 25% YoY revenue growth in H1FY25, GBL continues to lead the way in renewable chemicals and biofuels. Chairman & MD Mr. Samir Somaiya emphasized, “This investment strengthens our ability to meet growing demand, ensures production stability, and aligns with India's green energy goals." Commissioning: Q4 FY2026 | Powered by innovation, driving sustainability. ???? #Sustainability #GreenEnergy #Ethanol #RenewableFuture #Leadership #India #SustainableEnergy #Biofuels #EthanolBlending #GreenEnergy #TextileInnovation #SustainableTextiles #FutureOfEnergy #EnergyTransition #EnergyEfficiency #MakeInIndia #IndiaGrowthStory #ClimateResilience #CleanEnergy #SustainableFuture #CircularEconomy #GoGreen

India’s MM yarn market is currently showing mixed trends. Viscose yarn prices have risen in Mumbai, driven by strong demand, high freight costs, and the ongoing wedding season. In contrast, polyester-cotton yarn has eased in Ludhiana, while recycled polyester yarn has gained due to a surge in PET bottle prices. In Surat, polyester yarn remains stable with steady demand, and cotton prices have improved as the Cotton Corporation of India (CCI) has started procurement at MSP in North India. These developments highlight the dynamic nature of India’s yarn market amid varying regional influences. #YarnMarket #IndiaTextiles #ViscoseYarn #PolyesterCotton #RecycledPolyester #CottonPrices #TextileIndustry #MarketTrends #TextileBusiness #MMYarn #TextileProcurement #SupplyChain #DemandAndSupply #FabricMarket #TextileInnovation #TextileSustainability

India’s textile sector is entering a new era of growth, with a clear path to becoming a $350 billion industry by 2030. Fueled by over ?90,000 crore in strategic investments through PM MITRA parks and the Production Linked Incentive (PLI) scheme, the sector is set to soar. Seven PM MITRA parks will attract ?10,000 crore each, creating 1 lakh direct jobs, while the PLI scheme aims for a ?2 lakh crore turnover and 2.5 lakh new jobs, driving innovation in manmade fiber , apparel, and technical textiles. With these bold moves, India is positioning itself as a global textile leader. #TextileIndustry #IndiaTextiles #PMMITRA #PLI #MadeInIndia #TextileGrowth #InvestmentOpportunities #ManufacturingExcellence #JobCreation #IndianEconomy #GlobalTextiles #SustainableTextiles #TextileInnovation #FutureOfTextiles #MakeInIndia #EconomicGrowth #Industry4_0 #TextileExports #MMF #TechnicalTextiles

ICRA forecasts a 9-11% revenue growth for Indian apparel exporters in FY25, fueled by inventory clearance and a shift towards India as a global sourcing hub. With evolving consumer preferences, government-backed initiatives like PLI, and a boost in manufacturing capacity, India is set to strengthen its foothold in the global apparel market. #ApparelExports #ICRA #IndiaTextile #GlobalSourcing #InnovationInTrade #ExportGrowth #PLI #TextileManufacturing