Latest news with #SanjayJain
Business Upturn
28-05-2025
- Business
- Business Upturn
Enviro Infra Engineers secures Rs 126.81 crore EPC orders in Punjab and Odisha
By Aman Shukla Published on May 28, 2025, 12:25 IST Enviro Infra Engineers Limited, a leading EPC player in the water and wastewater treatment sector across India, has announced the acquisition of new domestic projects worth ₹126.81 crore. These prestigious contracts highlight the company's growing footprint in sustainable infrastructure development. The new projects include: Design and construction of a 50 MLD Sewage Treatment Plant (STP) along with five years of Operation & Maintenance (O&M) for the Punjab Water Supply & Sewerage Division No. 1 in Amritsar. Construction of a 42 MLD Water Treatment Plant (WTP) awarded by the Office of the Managing Director, WATCO, Odisha. Commenting on the development, Mr. Sanjay Jain, Chairman & Whole Time Director, said, 'We are proud to be chosen by government bodies for these significant water infrastructure projects. Our continued focus is on delivering efficient, eco-friendly, and timely solutions to support India's water and sanitation goals.' Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
The Hindu
20-05-2025
- Business
- The Hindu
Domestic garment makers hope for better days with curb on imports
With India restricting import of readymade garments from Bangladesh through land ports, domestic garment manufacturers hope to see revival in orders. In a notification issued on May 17, the Director General of Foreign Trade (DGFT) said readymade garments can be imported from Bangladesh only through Nhava Sheva and Kolkata ports. 'Dealers in northern States were able to get hold of cheap imported garments that cost almost 20% lesser than Tiruppur products. The situation worsened in the last 2-3 years,' said S. Balachandar, vice-president of the South India Hosiery Manufacturers Association. 'Now, the garments can be brought in only through sea ports. This will reduce the illegal entry of ready-made garments. The undergarments made in Tiruppur will be competitive cost-wise with the goods coming by sea. In a couple of months, we hope to see orders increasing for MSMEs in Tiruppur,' he said. Imports of low-priced garments in huge quantities will certainly reduce now, he said. The Confederation of Indian Textile Industry (CITI), quoting trade data, said India imported readymade garments worth $634 million in 2024, which saw 19% CAGR growth in the last 10 years. Total textile and apparel exports from India to Bangladesh in 2024 were $3.2 billion and exports from Bangladesh to India were $1.07 billion. Though India has a trade surplus with Bangladesh in textiles and apparel, its exports grew 4.97% (CAGR) between 2015 and 2024, while Bangladesh's exports to India grew 12.87%. Garments worth ₹5,000 crore to ₹6,000 crore are imported by India from Bangladesh annually, including those by the unorganised sector. 'The DGFT decision will reduce the backdoor entry of Chinese fabrics that were getting converted in Bangladesh and entering India without duty,' said Sanjay Jain, chairman of the National Committee of Experts for Textiles, Indian Chamber of Commerce. Rahul Mehta, chief mentor of Cloth Manufacturers Association of India, said Bangladesh imports cost 12-15% less compared with Indian products. These imports will now shift to sea ports, escalating the cost by almost 10% and increasing the delivery time. This is likely to make Indian buyers look to domestic suppliers, he said. However, industry representatives point out that a majority of the imports is by retail chains. It remains to be seen how buyers will react to the restriction. According to Mithileshwar Thakur, Secretary General of AEPC, restrictions on garment imports from Bangladesh will disrupt the supply chain in the short term. However, since most of the imports are by large retailers, the long-term impact will depend on how effective the sea trade is. For low or medium-volume imports, land ports will be preferred. Rakesh Mehra, chairman of the Confederation, said the DGFT decision will create new opportunities for domestic garment manufacturers. It will also enable Indian cotton yarn exporters to redirect their supply to the domestic market. Bangladesh imposed a restriction last month on export of cotton yarn from India, which traditionally accounts for nearly 45% of India's total cotton yarn exports, he said. Industry sources said the retail chains in India import manmade fibre (MMF) garments mainly from Bangladesh, China, and Vietnam. Readymade garments from Bangladesh continue to enjoy zero duty access in India, giving the imports a cost advantage. The government should ban import of garments from China and review the duty free access for Bangladesh garments so that the domestic textile chain revives, they said.
Time of India
19-05-2025
- Business
- Time of India
Clothes of Rs 5 crore wait at border as 36 B'desh trucks caught in ‘no man's land'
Kolkata: As many as 36 garment-laden trucks have found themselves stranded between Bangladesh's Benapole and India's Petrapole borders, following a Saturday notification by the Union ministry of commerce and industry banning the entry of ready-made garments from the neighbouring cou-ntry through land ports. The trucks carry clothes worth nearly Rs 5.5 crore. Before the trucks were stopped at Petrapole, they had cleared all formalities at the Bangladesh checkpost. Following the ban, daily truck arrivals from across the border in North 24 Parganas dropped from 218 on Saturday to 140 till 7.30pm on Sunday, with the garment trucks out of the picture. Numbers had already been hit by an April ban on transshipment of garments from Bangladesh to a third country via Kolkata airport. The double ban would hit Bangladesh more than India, say experts, since the Rs 6,000-crore worth of garments imported from Bangladesh comprised 0.5% of Indian market. "Around 93% of the garments from Bangladesh arrive via land route. Of this 80% enter through the Bengal border," said Sanjay Jain, chair of the national textile committee at the Indian Chamber of Commerce, and a lead exporter. Besides the garment exports, Bangladesh imports yarn, cloth, textile machinery, and other components from India. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Want Lower Bills Without Changing a Thing? elecTrick - Save upto 80% on Power Bill Learn More Undo The neighbouring country can continue to use sea ports for doing business with India. However, the consignments can land only at Kolkata port or the Nhava Sheva port in Mumbai. Importers said most Indian traders were unlikely to use this route as it would be time-consuming and make inventory management a challenge. This may force Bangladeshi exporters to send the consignments by flights, which will further drive up logistics costs. Before the transshipment ban in April, almost 80-90 tonnes of made-in-Bangladesh garments used to be exported via Kolkata airport. The cost of air cargo from Kolkata, including the road transport from Dhaka to Kolkata, was around $3-3.5 per kg against the $5.5-6 per kg average air freight rate in Dhaka, making export via Kolkata airport a preferred choice among Bangladeshi garment exporters. Industry players are concerned about the souring relationship between the neighbours and the successive bans. "This trade embargo creates hurdles in business. International brands like Zara, H&M, Nike and Primark prefer Bangladesh due to its low cost of production owing to cheap labour. But if material costs go up, they may shift to Vietnam, Sri Lanka or China," said senior export-import logistics specialist and consultant Jaideep Raha. As many as 36 garment-laden trucks have found themselves stranded between Bangladesh's Benapole and India's Petrapole borders, following a Saturday notification by the Union ministry of commerce and industry, banning the entry of ready-made garments from the neighbouring country through land ports. The trucks carry clothes worth nearly Rs 5.5 crore. Before the trucks were stopped at Petrapole, they had cleared all formalities at the Bangladesh checkpost. Following the govt ban, daily truck arrivals across the border in North 24 Parganas have dropped from 218 on Saturday to 140 till 7.30 pm on Sunday. The numbers had already been hit by an April ban on transshipment of garments from Bangladesh to a third country via Kolkata airport. The double ban would hit Bangladesh more than India, say industry experts, since the Rs 6,000-crore worth of garments imported from Bangladesh comprised only 0.5% of the ready-made market in the country. "Around 93% of the garments imported from Bangladesh arrive via the land route, of which 80% enter through the Bengal border," said Sanjay Jain, chair of the national textile committee at the Indian Chamber of Commerce, and a lead exporter. Bangladesh also imports yarn, cloth, textile machinery, and other components from India. "These trucks cleared all formalities at the Bangladesh checkpost and were to roll into India when the notification arrived at 7 pm, and they were immediately stopped," said Petrapole Clearing Agent Staff Welfare Association Secretary Kartik Chakraborty. Bangladesh, however, can continue to use the sea ports to continue doing business with India. However, the consignments can land only at Kolkata port or the Nhava Sheva port in Mumbai. Importers said most Indian traders were unlikely to use this route as it would be time-consuming and make inventory management a challenge. This may force Bangladeshi exporters to send the consignments by flights, which will further drive up logistics costs. Before the transshipment ban in April, almost 80-90 tonnes of made-in-Bangladesh garments used to be exported via Kolkata airport. The cost of air cargo from Kolkata, including the road transport from Dhaka to Kolkata, was around $3-3.5 per kg against the $5.5-6 per kg average air freight rate in Dhaka, making export via Kolkata airport a preferred choice among Bangladeshi garment exporters. Industry players are concerned about the souring relationship between the neighbours and the successive bans. "This trade embargo creates hurdles in business. International brands like Zara, H&M, Nike, and Primark prefer Bangladesh due to its low cost of production owing to cheap labour. But if material costs go up, they may shift to Vietnam, Sri Lanka, or China," said said senior export-import logistics specialist and consultant Jaideep Raha.
The Hindu
16-05-2025
- Business
- The Hindu
Textile and apparel exports register 7.45 % growth
Textile and apparel exports grew 7.45 % in April 2025 compared with the same period last year, with textile shipments increasing 2.61 % and apparel exports moving up 14.4 %. Despite challenges such as tariff hike policies by the U.S. and domestic unrest in Bangladesh, the Indian knitwear export sector has managed to stay strong. Thanks to the commendable performance of knitwear exporters, the sector continues to progress steadily on its growth trajectory into the new financial year, said A. Sathivel, vice chairman of the AEPC. The ready-made garment (RMG) export sector has started the new financial year (2025–2026) on a positive note, registering a growth of approximately 15% in April 2025. The RMG exports reached $ 1.37 billion in April 2025, compared with $ 1.20 billion in April 2024. On the same lines, knitwear exports witnessed healthy growth last month. Exports reached approximately ₹3,500 crore, which is an encouraging sign for the sector, he said. Import of cotton yarn continued to be high, with 129 % jump in April 2025 compared with April 2024. Garment exports maintain short term growing trend and cotton imports increasing as international cotton cheaper than Indian cotton (ICE is 1500 basis points lower than MCX), said Sanjay Jain, chairman of the National Expert Committee on Textiles of the Indian Chamber of Commerce. According to Mithileshwar Thakur, Secretary General of AEPC, apparel exports have demonstrated robust growth of 14.43% in dollar terms in April 2025. The apparel export sector continues to display strong resilience, registering steady growth despite ongoing global economic challenges, currency fluctuations, and the uncertainty surrounding the US reciprocal tariff policy. Recent data highlights a positive uptick, underscoring the industry's adaptability and strong manufacturing capabilities.
Time of India
06-05-2025
- Business
- Time of India
India-UK FTA weaves growth story for labour-intensive sectors: Experts
The India-UK FTA is poised to significantly benefit India's labor-intensive export sectors, including textiles, garments, leather, and gems & jewellery, by eliminating tariffs. Indian textiles and garments exporters, previously facing tariffs up to 12%, will gain zero-duty access, potentially boosting apparel exports. The FTA is expected to enhance market access, encourage technology exchange, and substantially increase exports in various sectors. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Exporters from labour-intensive sectors , including textiles & garments, leather, footwear, farm & processed food and gems and jewellery, will likely reap benefits of the duty breather under the India-UK free trade agreement (FTA), and better diversify their markets amid tariff uncertainties in the US, experts said on to the commerce ministry , India will gain from the UK's tariff elimination on about 99% of products. These account for nearly 100% of the value of India's exports to that textiles and garments exporters would be among the biggest beneficiaries, given the volume of supplies to the UK. These exporters, who have been facing up to a 12% tariff, will now have zero-duty access to the UK garments exports alone were in excess of $1.3 billion until January last fiscal, up 20% from a year before. India's share in the UK's apparel market is about 6%, experts said, highlighting huge growth potential in this segment. Sanjay Jain , former chairman of the Confederation of Indian Textile Industry termed the trade deal a 'game changer' for the textiles deal with the UK 'opens the floodgates of apparel exports to UK', said Sudhir Sekhri, chairman of the Apparel Export Promotion textiles and garments sector is the biggest employer in India after agriculture, having directly employed over 45 million FTA 'unlocks fresh opportunities by reducing tariff barriers, encouraging technology exchange, and enhancing market access', said Mukesh Kansal, chairman at CTA India's exports of footwear and gems & jewellery, currently taxed up to 16% and 4%, respectively, will be scrapped by the UK. India shipped out footwear worth $184 million until January last fiscal, up 4% from a year & jewellery exports to the UK were to the tune of $941 million in 2024, according to Kirit Bhansali, chairman of the Gem and Jewellery Export Promotion FTA is expected to substantially accelerate our gems & jewellery exports to the UK to about $2.5 billion within the next two years, he the leather sector stands to benefit from the zero duty market access. India's exports of leather and related products were up 21% year on year until January last fiscal at $149 million.
