Latest news with #ShineJacobChennai
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Business Standard
11 hours ago
- Business
- Business Standard
US tariff, discount demands threaten Indian exporters' profit margins
Textile exporters from hubs like Tiruppur have indicated that buyers in the US are making a pitch for high discounts, urging Indian manufacturers to shoulder part of the financial strain of tariffs Shine Jacob Chennai Listen to This Article The profit margins of Indian companies are in danger of being hit by the 25 per cent tariff on exports to the United States (US) and possible discounts to boot. Textile exporters from hubs like Tiruppur have indicated that buyers in the US are making a pitch for high discounts, urging Indian manufacturers to shoulder part of the financial strain of tariffs. This is considering the fact that the average margin Indian exporters have for volume products is as low as 5 per cent, while that of fashion products is around 20 per cent. Major US brands that source from
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Business Standard
2 days ago
- Business
- Business Standard
Indian textile industry in uncertainty, still sees edge over rivals
Indian exporters call US tariff hike a blow to textile ambitions but say strong supply chain and lower duty rates than rivals will help retain market presence Shine Jacob Chennai Listen to This Article After the tariff announcement on Wednesday by American President Donald Trump, the textile industry in India called the 25 per cent rate a setback to its export ambitions, while expressing hope for a solution to the issue soon. However, India will still have an advantage of 10 per cent over Bangladesh and Cambodia, 5 per cent over Sri Lanka, and 20-25 per cent over China, the country's major competitors in the American market. Trump's not specifying the 'penalty' amount, which is in addition to the tariff, also added to the sector's concern. The United States (US) is India's largest market
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Business Standard
6 days ago
- Business
- Business Standard
Historic port to future hub: Thoothukudi's giant leap for global reach
Thoothukudi is witnessing a major economic revival with Rs 1 trillion in investments across sectors, including EV manufacturing, green hydrogen, and space, alongside upgraded infrastructure Shine Jacob Chennai Listen to This Article Thoothukudi — a port city that once powered the trade ambitions of the Pandyas and Cholas, and later the Portuguese, Dutch, and British — is now firmly back on the economic map. With a legacy of maritime commerce dating back to the 6th century BCE, it is now riding a fresh wave of industrial momentum. This Saturday, Prime Minister Narendra Modi will inaugurate a newly upgraded airport in Thoothukudi, making it only the second city in Tamil Nadu — after Chennai — to boast full connectivity by air, road, rail, and sea. The move is set to accelerate the region's
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Business Standard
7 days ago
- Automotive
- Business Standard
Trade deal boost: Iconic UK bike Norton gears up for India debut
Norton Motorcycles, acquired by TVS Motor, will debut its V4 superbike in India, benefiting from the India-UK trade deal Shine Jacob Chennai Listen to This Article Norton Motorcycles carries the tradition and early passion of human beings to self-propel beyond the bicycle, with a rich history spanning around 123 years, starting in 1902. Since then, it became a symbol of freedom, rebellion, and technological advancement during the two World Wars and beyond. On Wednesday, the same brand became a symbol of India-UK trade ties when Prime Minister Narendra Modi and his British counterpart Keir Starmer posed with the motorcycles after the signing of the free trade agreement (FTA), giving the super-premium product a much-needed thrust ahead of its India launch this year. Norton is expected to
Business Standard
24-07-2025
- Business
- Business Standard
India-UK FTA to open new opportunities for textiles, boost footwear exports
The India-UK free trade agreement is expected to significantly boost India's textile and footwear exports, unlocking Rs 7,000 crore in additional business and accelerating growth in the sector Shine Jacob Chennai Listen to This Article The signing of the India-UK Free Trade Agreement (FTA) is expected to boost the labour-intensive Indian export sectors like textiles and footwear, among others. According to industry estimates, the deal may bring in additional business of around ₹7,000 crore to the textile and apparel (T&A) industry in India, taking it forward to the 2030 target of $100 billion exports. Similarly, footwear (leather and non-leather) and other leather products' trade is expected to touch $1 billion in two years, from $440 million now. The deal may turn advantageous for footwear brands like Clarks, Superdry, Marks & Spencer (M&S), and John Lobb
