Task force on textiles exports sets collaborative roadmap to boost India's global market share
The Ministry of Commerce & Industry held the inaugural meeting of the Task Force on
Textiles Exports
under the chairmanship of Commerce Secretary Sunil Barthwal at Vanijya Bhawan on June 10. The high-level meeting marked a significant step toward building a collaborative framework aimed at enhancing India's share in global textile exports, the ministry said in an official release.
The newly formed Task Force is envisioned as a unified platform to address critical challenges in the textile sector, foster stakeholder engagement, and develop actionable strategies to boost exports across the textile value chain.
The discussions at the meeting were comprehensive, covering a wide range of policy and operational issues. Key focus areas included:
Upgrading ESG infrastructure in garment units
Promoting renewable energy use
Addressing EU Deforestation Regulation (EUDR) compliance
Expanding e-commerce channels for textile exports
Simplifying regulatory frameworks, improving labour productivity, and enhancing cost competitiveness
Focused support for MSME exporters, including export credit, certification, and testing support
Scheme-related suggestions on RoDTEP, RoSCTL, and Duty Drawback
Promotion of PM MITRA Parks, jute diversified products, separate HS codes for GI products, and natural fibre productivity
The meeting was attended by senior officials including Special Secretary Rajesh Agrawal, Special Secretary L Satya Srinivas, FA Arti Bhatnagar, DGFT Ajay Bhadoo, and Additional Secretary (Textiles) Rohit Kansal, along with representatives from related departments, Export Promotion Councils (EPCs), industry associations, and leading exporters.
Exporters and council members shared critical insights and provided recommendations for sectoral improvement. Based on these deliberations, the Chair directed that sub-task forces be formed on key thematic areas. Each sub-task force will be led by the concerned ministry and will include members from EPCs and industry stakeholders. Their mandate will be to deliver practical, time-bound recommendations to the main Task Force.
The meeting concluded with a shared commitment to advancing India's textile export goals in alignment with the
Viksit Bharat Vision 2047
, reinforcing the government's resolve to position India as a global textile powerhouse.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
2 hours ago
- Indian Express
Walk away if deal is lopsided, US can't cut tariffs: Former officials, experts write to govt
India should resist signing a trade deal if the Donald Trump-led US administration demands disproportionate concessions, as it is not legally permitted to reduce tariffs and can therefore offer no substantial trade-related concessions in the near term, as many as 20 experts and former senior government officials have said in a letter to the Ministry of Commerce and Industry on Friday. This comes as the US is seeking greater market access in a range of sensitive sectors, including agriculture, and has raised objections to India's restrictions on politically sensitive genetically modified (GM) products and regulations requiring that imported dairy come from animals not fed blood-based feed. 'If excessive or disproportionate concessions are demanded on India's hardest interests, India should take equally hard positions and resist – even at the cost of not securing a deal. In these circumstances, the costs of no deal — navigating a US market walled off by high tariffs in the short-to-medium term — may still be lesser than the longer-term costs of an unequal pact,' the memorandum said. The signatories to the document include K M Chandrasekhar, former Cabinet Secretary; G.K. Pillai, former Home Secretary; Ujal Singh Bhatia, former Member and Chairman, WTO Appellate Body; Amarendra Khatua, former Secretary, Ministry of External Affairs; and Sanjaya Baru, author and former adviser to Prime Minister Manmohan Singh. The letter said it was important to acknowledge that the ongoing negotiations with the US could not be seen as business-as-usual, and that their exceptional nature must be recognised. It said that the proposed BTA may be aimed more at mitigating escalatory tariff action by the US and reaching an acceptable compromise — 'balancing the equation', as it were — rather than actually resolving trade issues with the US. The Trump administration in its trade deal with the UK retained the 10 per cent baseline tariff — which Trump said is the lowest country-specific tariff that will be applied to trading partners, giving concessions only on the escalatory tariffs that Trump had announced on countries globally since assuming office in February this year. Experts such as Ajit Ranade, Senior Fellow, Pune International Centre; Badri Narayanan Gopalakrishnan, economist; Prabhash Ranjan, professor, OP Jindal Global University; R V Anuradha, partner, Clarus Law Associates; Anand P. Gupta, former professor of economics, IIM Ahmedabad; and Pradeep S. Mehta, Secretary General, CUTS International, also supported the letter to the ministry. 'It is also important to mention here that, in the absence of a valid Trade Promotion Authority (TPA), the current US administration is not legally permitted to reduce tariffs and can therefore make no substantial trade-related concessions in the near term. The tariff discussions in the BTA negotiations are accordingly expected to be restricted only to the executive tariffs levied by the current administration. This also raises questions regarding the durability of any deal reached,' the letter said. The memorandum further said hat careful thought must be given to the legal architecture of the BTA, as it remains to be seen whether the agreement will take shape as an interim arrangement leading to a conventional GATT Article XXIV-type regional trade agreement, which would require a roadmap towards finalisation and preferential trade liberalisation on 'substantially all trade', interpreted qualitatively. 'In any event, care must be taken to ensure that the contours of any negotiated outcome are compliant with India's existing obligations under the World Trade Organisation (WTO) framework. In the face of the US' blatant disregard for the rules-based multilateral trading system (MTS), with the WTO at its core, India, as an ascendant global power, should also call out US actions,' the letter said. A Commerce and Industry Ministry spokesperson in response to a query said: 'The negotiations are being held along the lines outlined by the two leaders, President Trump and Prime Minister Modi, in their meeting in Washington'.
Mint
14 hours ago
- Mint
Mint Primer: What's behind the order to clean up dark patterns?
The Central Consumer Protection Authority (CCPA) has directed over 50 digital platforms to remove dark patterns and complete self-audits within three months. What are dark patterns, and why is the CCPA sounding the alarm? Mint explains. What are dark patterns? Dark patterns are deceptive practices used on websites or apps of digital platforms to influence users into actions they may not have planned. These tricks are designed to benefit the platform at the user's expense, and can lead to a financial loss for the user. Dark patterns could include a range of actions like requiring users to submit unrelated private details to continue, enabling automatic renewal of subscription without user-consent or making it hard for the user to unsubscribe, adding new items or increased quantity of a selected item without consent, showing ads disguised as content, among others. What's the CCPA advisory? The Central Consumer Protection Authority last week issued an advisory to e-commerce platforms, urging them to take concrete steps to eliminate unfair trade practices that fall under the category of dark patterns. The advisory called upon platforms to conduct self-audits within three months of the issue of the advisory to identify such practices and submit a self-declaration stating that they are not involved in dark patterns. This move comes in the wake of growing regulatory scrutiny, with the CCPA having already issued 11 notices related to dark patterns, according to Consumer Affairs Secretary Nidhi Khare. Which are the companies under the lens? Notices went out to e-commerce firms, travel aggregators, food-tech platforms, ride-hailing firms, meditech start-ups, streaming services, and fintech firms. Companies include Amazon, Flipkart, Meesho, Paytm, Uber, Apple, Meta, Nykaa, Zomato, Swiggy, Tata 1mg, BookMyShow, BigBasket, Namma Yatri, and Snapdeal among others. How would it monitor dark patterns? The consumer affairs ministry has set up a joint working group (JWG) to strengthen oversight of dark patterns. Comprising key ministries, regulators, consumer rights groups and law universities, the JWG has been tasked with identifying violations, monitoring compliance with dark pattern guidelines, and recommending enforcement actions. It will also propose consumer awareness initiatives and policy measures aimed at curbing deceptive practices and promoting a fairer digital marketplace. Have there been any earlier guidelines? The Consumer Protection (E-Commerce) Rules, 2020 mandate that platforms must obtain user-consent through 'clear and affirmative" action. Meanwhile, the Consumer Protection (Direct Selling) Rules, 2021 hold entities directly accountable for engaging in deceptive or misleading trade practices. In 2023, the CCPA introduced the Guidelines for Prevention and Regulation of Dark Patterns, aimed at curbing 13 manipulative design tactics such aw 'false urgency,' which pressures users into immediate purchases.
Time of India
a day ago
- Time of India
US stock market today: Dow struggles, Nasdaq dips, S&P slides as Boeing crashes and Trump sparks fresh China tariff fears
US stock market live updates: Dow Jones back in green even as Trump hints at 55% China tariffs and geopolitical tensions rise- Wall Street futures dip despite Trump's remarks on a 'done' China deal; Iran warning and oil price spike add to market pressure. The US stock market opened with fresh volatility on June 12, 2025, as President Donald Trump declared that a trade deal with China is 'done,' but still subject to final approval by top leaders of both countries. Despite this announcement, stock futures dipped, reflecting investor skepticism and growing global uncertainty. As of the latest update, Dow Jones futures reversed earlier losses and moved back into the green briefly, while S&P 500 futures remained 25 points lower and Nasdaq futures dropped around 100 points. The initial drop came after President Trump's unexpected statement that China would face a 55% tariff under the new agreement framework. Commerce Secretary Howard Lutnick added to the confusion, saying that tariffs on China 'will not change' under the London framework agreed over the past weekend. Meanwhile, China has not issued any official response regarding the deal or the talks that took place in London over the last two days. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Live Comfortably: 60 m² Prefab Bungalow for Seniors in Lakhdaria Pre Fabricated Homes | Search Ads Search Now Undo What are the major indices doing today? Dow Jones Industrial Average : Slightly down at 42,860 , shedding around 0.01% . S&P 500 : Slipping by 0.27% , currently hovering near 6,022 . Nasdaq Composite : Leading the decline with a drop of 0.50% , sitting around 19,615 . Major stocks today: Oracle soars, Boeing crashes, GameStop tumbles as Wall Street swings on Trump tariffs and inflation data Wall Street is riding a rollercoaster today as investors react to a mix of strong tech earnings, a shocking plane crash, and renewed trade war fears. Here's a detailed look at the biggest stock movers , sector trends , and what's shaping the markets this Thursday. Live Events Which major stocks are making headlines today? Top Gainers Oracle (ORCL): Shares exploded nearly 13% after the tech giant crushed earnings expectations and raised its guidance, thanks to booming demand in AI and cloud services. Cardinal Health (CAH): Gained around 3.3% as defensive healthcare names attracted buyers amid rising uncertainty. Newmont (NEM): Up 3.1% , riding the wave of rising gold prices as investors seek safe havens. Top Losers Boeing (BA): Crashed 5–6% after an Air India Boeing 787 Dreamliner was involved in a deadly accident, raising fresh concerns about the company's long-troubled aircraft models. Oxford Industries (OXM): Slid over 11% amid fears that Trump's potential new tariffs on Chinese goods could squeeze retail margins. GameStop (GME): Tumbled nearly 20% after the company announced a massive $1.75 billion convertible note offering, rattling meme stock investors. What's pulling the stock market down? 1. Trump's new tariff threats: President Trump reignited trade war fears with fresh threats of tariffs against both China and Iran , shaking investor confidence. This escalation is weighing particularly hard on industrials and multinationals. 2. Boeing takes a nosedive: Shares of Boeing fell more than 5% following the crash of an Air India Boeing 787 Dreamliner , dragging down the Dow. The news reignited safety concerns and reminded investors of Boeing's previous struggles. 3. Rising tensions in the Middle East: Geopolitical jitters are flaring up again as tensions rise between the US and Iran. Oil prices are slightly higher, and safe-haven assets like gold are gaining traction. Any bright spots in today's market? Oracle shines: In an otherwise cautious market, Oracle stock surged over 12% after reporting strong quarterly results and issuing an upbeat revenue forecast. This tech rally helped cushion some of the Nasdaq's losses. Soft inflation data helps Fed outlook: Both consumer and wholesale inflation came in softer than expected, boosting hopes that the Federal Reserve could cut interest rates later this year—a sentiment that's helping to limit broader declines. Why are US stock market still down despite Trump's China deal announcement? While Trump's declaration of a 'done deal' with China would typically spark a rally, markets appear to be questioning the details and stability of the agreement. His mention of a 55% tariff on Chinese imports—a sharp jump from existing levels—caught investors off guard. This sharp increase suggests a more aggressive trade stance, which could trigger retaliation from Beijing. And with no confirmation from China, traders remain on edge. The Dow Jones futures briefly dipped by 200 points, with the Nasdaq futures off by 100 points, as markets try to digest the possible impact of this dramatic shift in trade policy. What did Commerce Secretary Lutnick say about tariffs and the London agreement? Howard Lutnick, the US Commerce Secretary, clarified that the tariff structure would remain unchanged despite Trump's remarks. According to Lutnick, the framework finalized in London over two days of talks will be implemented as it is, with no immediate tariff hike. This directly contradicts the President's statement and raises further questions about internal policy alignment within the administration. Without clear communication or official documents released, investors are left guessing, which is fueling market uncertainty. How are rising tensions with Iran affecting the market today? Markets are also reacting to new geopolitical threats coming from the Middle East. According to a report from AFP, Iran's Defence Minister warned that the country could strike US military bases in the region if the ongoing nuclear talks with Washington collapse. This strong statement has added to the already tense atmosphere, pushing Brent Crude prices above $70 per barrel, marking the biggest single-day gain since October 2024. The oil market surge is also being driven by fears of potential conflict, which could disrupt supply in the region. Is the US dollar weakening and gold gaining in response to global uncertainty? Yes, the financial markets are showing classic signs of a risk-off environment. As concerns rise over trade policies and geopolitical conflicts, the US Dollar has dropped to its lowest point since late 2023. In contrast, Gold prices have surged, as investors look for safer assets to protect their portfolios. This trend reflects a broader lack of confidence in the near-term economic outlook, especially as market-moving headlines continue to pour in without confirmation or consistency from global leaders. What should investors watch for next as volatility spikes? With both Trump's tariff announcement and Iran's threats sending shockwaves across markets, investors should stay focused on two key developments: An official statement from China on the outcome of the London trade talks, which could either confirm or contradict Trump's announcement. Updates on Iran-US nuclear talks, which could either defuse or escalate military tensions. Until these uncertainties clear up, the US stock market is likely to remain volatile, with sensitive reactions to every new headline. FAQs: Q1: Why are US stock market futures falling after Trump's China deal? Markets are unsure due to conflicting messages and lack of China's response. Q2: What caused oil prices to rise above $70? Iran's warning over US military bases spiked crude prices.
