Fashion
India’s Odisha state approves schemes for silk, handloom sectors
Under MBSBY, the government will allocate ₹4.9 billion (~$54.35 million) over five years for attracting investments, empowering local industries and expanding employment opportunities in the textile and handloom sector, State Parliamentary Affairs Minister Mukesh Mahaling told the assembly.
India’s Odisha state cabinet has approved two schemes for the silk and handloom sectors.
The state will allocate $54.35 million over five years for attracting investments, empowering local industries and expanding textile-handloom jobs.
Under the scheme for silk, $30.4 million will be spent over five years for strengthening sericulture through improved infrastructure and skill-building initiatives.
Aligned with the Odisha Apparel and Technical Textile Policy 2022 and the Industrial Policy Resolution 2015, it will provide incentives to new textile manufacturing units, he was cited as saying by media reports from the state.
Under the silk development scheme MRBY, ₹2.74 billion (~$30.4 million) will be spent over the next five years for strengthening the state’s sericulture industry through improved infrastructure and skill-building initiatives.
Ethical silk production will be backed by focusing on silkworm seed preparation, species conservation and farmer incentives. Cooperative societies will facilitate better marketing of silk products, protecting farmers from distress sale and ensuring sustainable growth, he said.
Fibre2Fashion News Desk (DS)
On a year-on-year (YoY) basis, final demand prices climbed 3.4 per cent in the 12 months ended February, matching the largest annual increase recorded in February 2025. Margins for apparel, footwear, and accessories retailing declined by 4.5 per cent, BLS said in a press release.
US producer prices rose 0.7 per cent MoM in February 2026, with annual inflation at 3.4 per cent.
The increase was driven mainly by services, up 0.5 per cent, while goods prices climbed 1.1 per cent, led by energy.
Apparel retail margins fell 4.5 per cent.
The data signals broad-based wholesale inflation, with sustained pressure despite weakness in select consumer-facing segments.
The February rise was driven largely by services, which accounted for more than half of the overall increase. Prices for final demand services advanced 0.5 per cent, marking the third consecutive monthly gain. Within this category, prices for services excluding trade, transportation, and warehousing rose 0.6 per cent, contributing nearly three-fourths of the increase. Trade services and transportation and warehousing services also posted gains of 0.4 per cent and 0.5 per cent, respectively.
Meanwhile, prices for final demand goods rose 1.1 per cent in February, the steepest increase since August 2023. Energy prices also increased by 2.3 per cent, while prices for goods excluding food and energy registered a more modest rise of 0.3 per cent.
Fibre2Fashion News Desk (SG)
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The import volume of cotton products fell by *.** per cent to **,***.*** million SME during the review period, compared with **,***.*** million SME a year earlier. Meanwhile, imports of man-made fibre (MMF) products decreased to **,***.*** million SME in ****, down from **,***.*** million SME in ****.
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