Surat: Prime Minister Narendra Modi recently conducted an extensive virtual meeting with prominent leaders of the textile industry, including representatives from Surat, to discuss strategies for establishing India as a global textile hub. The marathon session, which lasted over three hours, included high-ranking officials from the Ministry of Commerce and Industry and focused on addressing the challenges hindering the sector's international competitiveness. Key Demands for Economic Stability...Read More

Surat: The country’s leading man-made fabric hub, Surat, has been selected as one of six cities where the Textiles Export Facilitation Centre (TEFC) will be established by the Textiles Committee under the Union Ministry of Textiles. Similar centres will also be set up in Karur (Tamil Nadu), Ichalkaranji (Maharashtra), Jaipur (Rajasthan), Varanasi (Uttar Pradesh), and Ludhiana (Punjab). According to a trade notice issued on February 9, 2026, the TEFCs will be launched on a pilot basis across k...Read More

Surat: The US government’s decision to impose a 27% reciprocal tariff on Indian exports is expected to have a severe impact on Surat’s textile and diamond jewelry industry. The US has withdrawn the Most Favored Nation (MFN) status granted to India in the gem and jewelry sector and has imposed tariffs of 27% on cut and polished diamonds, 27% to 34.4% on polished lab-grown diamonds and synthetic stones, 32% to 34% on gold and platinum jewelry, 32% to 40.5% on silver jewelry, 30% to 34.9% on g...Read More