Fashion
CITI hails India-EU FTA as catalyst for $100 bn textile exports
“Coming at a time when India’s textile and apparel sector continues to be weighed down by the steep US tariff, the announcement on the FTA with the EU comes as a huge confidence boost since it creates possibilities for increased market access and more business to flow in for India’s textile and apparel exporters from the 27-nation bloc,” CITI chairman Ashwin Chandran said.
CITI has welcomed the India-EU FTA as a historic boost that could help India reach $100 billion in textile and apparel exports by 2030.
The deal is expected to improve market access, offset US tariff pressures, and level the playing field with Vietnam and Bangladesh, while urging exporters to focus on innovation and sustainability to fully benefit.
“CITI would like to convey its sincere gratitude to the Prime Minister, the Commerce Minister, European Commission President Ursula von der Leyen, European Council President Antonio Costa, and all other senior officials in India and the EU for making this ‘mother of all deals’ possible,” Chandran added.
Currently, the European Union is the 2nd biggest market for India’s textile and apparel exports, after the United States.
Chandran said that once operational, the India-EU FTA will level the playing field for local textile and apparel exporters with their peers from Vietnam and Bangladesh, against whom they face a tariff disadvantage currently in the European Union.
“By removing the duty hurdle, the India-EU FTA will make our textile and apparel products more competitive in the European Union, which should potentially translate into our exporters being able to increase their revenues from the EU in the time to come,” he pointed out.
However, Chandran cautioned that India’s textile and apparel exporters must double down on innovation and sustainability efforts to further improve the distinctness and appeal of their products to take maximum advantage of the India-EU FTA. “Doing so will help our exporters move up the value chain and have better revenue earnings. Sight must not be lost of the fact that while FTAs open doors, they don’t automatically guarantee more business for individual companies,” the CITI chairman said.
In December 2025, India signed the Comprehensive Economic Partnership Agreement (CEPA) with Oman. The same month, India also concluded FTA negotiations with New Zealand. In July 2025, India signed the Comprehensive Economic and Trade Agreement (CETA) with the United Kingdom.
Talks on a Bilateral Trade Agreement (BTA) are on with the United States. The 50 per cent US tariff on Indian goods, effective August 27, 2025, has adversely affected numerous Indian textile and apparel companies, increasing the risk that millions of people working in this sector may lose their jobs and livelihoods.
The US is the single-largest market for India’s textile and apparel exports, accounting for almost 28 per cent of the country’s textile and apparel exporters’ total revenue. India’s exports of textile and apparel products to the US were nearly $11 billion in the fiscal year 2024-25.
India’s total textile and apparel exports stood close to $38 billion in FY25.
Fibre2Fashion News Desk (HU)
Fashion
US brand NikeSKIMS unveils Spring ’26 head-to-toe women’s collection
Crafted to fit every curve, the new Spring line offers a fresh take on performance silhouettes with five apparel collections, the introduction of the NikeSKIMS Rift Satin and updated accessories.
NikeSKIMS will debut its Spring ’26 collection with a head-to-toe system of dress inspired by the modern ballerina.
The range spans five performance-led apparel material stories, updated accessories and the new NikeSKIMS Rift Satin footwear.
Fronted by Lisa and filmed in Paris, the campaign highlights grace, strength and engineered comfort for every body.
“This Spring ‘26 Collection celebrates the timeless poise and elegance of ballerinas but with a distinct modern twist,” says Kim Kardashian, Co-Founder and Chief Creative Officer, SKIMS. “We obsessed every detail — from the soft lines and feminine colors to the premium materials. Each piece is a statement of beauty and allows women to move with confidence and grace.”
The Spring line offers five material collections across Matte, Stretch Knit, Ribbed Seamless, Weightless Layers and Woven Nylon. The Matte collection includes smooth, sculpting pieces with Dri-FIT technology and two levels of compression. Stretch Knit offers styles that are soft to the touch and lightweight with a flattering drape. The Ribbed Seamless collection includes soft and stretchy ribbed styles with a vintage wash and moisture-wicking tech. Weightless Layers pieces are semi-sheer, ultra-lightweight and feature quick-dry tech. Woven Nylon offers relaxed third layers designed for softness, function and movement.
Also new this season is the NikeSKIMS Rift Satin, which brings the brand’s considered design ethos to footwear. The NikeSKIMS Rift Satin features the iconic tabi-toe design of the original Nike Rift, a sleek strap across the midfoot for quick entry and a secure fit, a soft satin upper material, a minimalist midsole and a textured logo outsole. The NikeSKIMS Rift Satin will be available in two colors, Silt Red and Black.
The NikeSKIMS Spring ’26 Collection comes to life through a campaign starring LISA of Blackpink. LISA is the ultimate multi-hyphenate: a rapper, singer, dancer, actress and style icon.
“When I’m performing, it’s all about looking great while still being able to move and dance,” says LISA. “The NikeSKIMS collection is so comfortable and light that I feel confident wearing it everywhere — from rehearsals to traveling or even relaxing at home. It’s easy to move in, looks amazing and fits perfectly into my everyday life.”
Directed by Sergio Reis, the campaign film celebrates the grace and strength of motion and form while spotlighting LISA’s artistry and passion for movement and dance. Filmed in Paris, the campaign also features professional ballerinas and dancers who helped bring the Spring ’26 Collection look book to life.
NikeSKIMS offers women a complete system of dress that is built on the strength of both brands. From footwear to foundational pieces and bold silhouettes, every product has been meticulously designed to sculpt and engineered to perform for every body.
“The NikeSKIMS Spring ’26 Collection is a true head-to-toe system of dress, designed to make women feel confident and feminine,” says Jamie Jeffries, VP, Global Apparel, Nike. “We’ve paid attention to every detail — from style and function to comfort — so every piece works together seamlessly. By combining Nike’s expertise in performance innovation with SKIMS’s inclusive fit and sculpting technologies, we’re delivering something truly unique for women everywhere.”
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
Fashion
South Indian cotton yarn steady ahead of Union Budget
In the Mumbai market, cotton yarn prices did not see significant movement after last week’s rise. The market reported average demand for cotton yarn from the consumer industry. A Mumbai-based trader told Fibre*Fashion, “Cotton yarn demand is expected to improve in the coming weeks. Buyers want to wait for the outcome of the Union Budget, although there is little possibility of major changes for the textile industry. Cash flow is another cause for concern. Traders are diverting funds into precious metals and the stock market for quicker and more lucrative returns, which is slowing payment flows across the textile value chain.”
In Mumbai, ** carded yarn of warp and weft varieties were traded at ****;*,***–*,*** (~$**.**–**.**) and ****;*,***–*,*** per * kg (~$**.**–**.**) (excluding GST), respectively. Other prices include ** combed warp at ****;***–*** (~$*.**–*.**) per kg, ** carded weft at ****;*,***–*,*** (~$**.**–**.** per *.* kg, **/** carded warp at ****;***–*** (~$*.**–*.**) per kg, **/** carded warp at ****;***–*** (~$*.**–*.**) per kg and **/** combed warp at ****;***–*** (~$*.**–*.**) per kg, according to trade sources.
Fashion
US’ VF Corporation posts firm Q3 as revenue rises despite Dickies exit
VF Corporation has reported a solid Q3 FY26, with revenue up 1 per cent YoY and 4 per cent excluding Dickies.
Strong holiday demand in the Americas and DTC drove performance.
Operating income and margins improved, supported by lower SG&A.
The North Face and Timberland led brand growth.
The company also announced a $0.09 per share dividend and maintained a positive FY26 outlook.
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