Indian textile exports

Gokaldas Exports, KPR Mill, other textile stocks rally up to 19% on optimism of zero-tariff access to UK market

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Gokaldas Exports, KPR Mill, other textile stocks rally up to 19% on optimism of zero-tariff access to UK market

Shares of Indian textile exporters surged up to 19% on Wednesday after India and the United Kingdom concluded negotiations for a landmark free trade agreement (FTA) that eliminates import duties on textiles and garments. Gokaldas Exports led the rally, climbing as much as 18.8% to Rs 1,013 on the BSE. Shares of KPR Mill rose … Read more

US port strike to hit Indian textile, pharma, auto part exports, push costs up 3x: GTRI

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US port strike to hit Indian textile, pharma, auto part exports, push costs up 3x: GTRI

New Delhi: The strike at 14 major ports in the US, which began Tuesday, is already causing delays in unloading and processing of shipments from India, affecting goods like textiles, pharmaceuticals, and auto parts, Global Trade Research Initiative (GTRI) said Thursday. If the strike continues, shipments would need be rerouted to US West Coast or … Read more