Fashion
Ashwin Chandran takes charge as new CITI chairman
Ashwin Chandran has taken over as the new chairman of the Confederation of Indian Textile Industry (CITI) starting September 18, 2025. Chandran takes over the chairmanship from Rakesh Mehra whose term ended on September 18 following the conclusion of CITI’s 67th AGM which was held during the day.
Dinesh Nolkha would become the new deputy chairman of CITI and Shreyaskar Chaudhary will take over as the new vice chairman of CITI.
A distinguished textile industry leader, Chandran is chairman & managing director of Precot Limited, one of the leading cotton mills in India which operates units in Tamil Nadu, Kerala, Andhra Pradesh and Karnataka. A former chairman of the Southern India Mills Association (SIMA), he is also a member of the Cotton Textiles Export Promotion Council (TEXPROCIL). Chandran holds a BSc (Hons) degree in Textile Technology of UMIST, UK, and, also, a Post Graduate degree in Management from the University of Illinois, US.
An eminent presence in the textile sector, Nolkha is chairman & managing director of the Bhilwara-based Nitin Spinners Ltd, one of the leading manufacturers of cotton yarn, blended yarn, knitted fabrics and finished woven fabrics. Nolkha is a former president of the Mewar Chamber of Commerce and Industry and has also been chairman of the Northern India Textile Research Association (NITRA). Nolkha is a Fellow Member of the Institute of Chartered Accountants of India and The Institute of Cost & Management Accountants of India.
A noted personality in the sphere of sustainability, Chaudhary is managing director of the Madhya Pradesh-based Pratibha Syntex Limited which is committed to transforming the textile industry through innovation, ethical practices, and a strong focus on environmental stewardship. Pratibha Syntex is India’s first Apparel Manufacturing Fair Trade Certified factory. The company is also India’s first ZDHC Certified Apparel Manufacturer. Chaudhary has a background in Textile Technology from UMIST, UK.
Underlining the priorities of his CITI Chairmanship, Ashwin Chandran said there was an immediate priority and a longer-term one.
The new CITI chairman said the pressing priority was to work closely with all stakeholders, including the government, to address the grave challenge which has been posed to the Indian textile and apparel sector through the United States (the single-largest market for India’s textile and apparel exports) imposing a 50 per cent tariff on Indian products with effect from August 27, 2025.
The longer-term focus would be on futureproofing India’s textile and apparel sector – the bulk of which is made up of MSMEs – to improve the global competitiveness of local textile and apparel companies. Greater emphasis would be laid on innovation, sustainability, capacity building (including through skill development), and knowledge sharing so that Indian textile and apparel enterprises can grow the size of their businesses both within India and overseas, and get to a position where they can derive the fullest benefits from the free trade agreements (FTAs) already signed by India and those on the anvil.
“CITI remains fully committed to be an important contributor to the Viksit Bharat mission,” Chandran said in a release.
India aims to create a $250 billion domestic textile industry by 2030. The country is also aspiring to more than double textile and apparel exports to $100 billion by 2030.
Ashwin Chandran, CMD of Precot Ltd, has taken over as chairman of CITI from Rakesh Mehra at its 67th AGM.
Dinesh Nolkha (Nitin Spinners) becomes deputy chairman and Shreyaskar Chaudhary (Pratibha Syntex) vice chairman.
Chandran’s priorities include tackling the US 50 per cent tariff on Indian textiles and driving long-term competitiveness through innovation and sustainability.
Fibre2Fashion News Desk (HU)
Fashion
Riyadh opens rail freight route linking eastern ports to Jordan border
The trains will originate in the Eastern Province, departing from King Abdulaziz Port in Dammam and passing through Jubail Commercial Port and King Fahad Industrial Port, reach destinations in Jordan and countries north of the country.
Saudi Arabia Railways has opened new freight routes linking Arabian Gulf ports to the Haditha border crossing near Jordan.
The trains will start in the Eastern Province, departing from King Abdulaziz Port and passing through Jubail Commercial Port and King Fahad Industrial Port, reach points in Jordan and beyond.
The aim is to boost the flow of goods, support exports and improve supply chain efficiency.
Each freight train will carry more than 400 containers and travel over 1,700 kilometres.
The initiative aims at boosting the flow of goods, supporting exports and improving supply chain efficiency, SAR was cited as saying by Gulf media outlets.
The new route is also expected to strengthen regional trade connectivity, improve maritime integration and boost export movement. It also supports sustainability goals in the logistics and transport sectors and reduces shipping time by up to half compared to other land transport methods.
SAR operates an integrated rail network extending over 5,500 kilometres, providing passenger and freight transport services, including minerals.
Fibre2Fashion News Desk (DS)
Fashion
UK consumer inflation remains flat at 3% YoY in Feb
Clothing emerged as the primary driver of inflation, contributing the largest upward impact on both CPI and CPIH annual rates. In contrast, motor fuels provided the biggest downward pressure, partially offsetting overall price gains, ONS said in a press release.
Core inflation (excluding energy, food, alcohol and tobacco) edged up to 3.2 per cent in February from 3.1 per cent in January, indicating underlying price pressures remain firm. Within this, goods inflation stayed unchanged at 1.6 per cent, while services inflation eased slightly to 4.3 per cent from 4.4 per cent.
UK inflation held steady in February 2026, with CPI at 3 per cent YoY and a 0.4 per cent monthly rise, according to ONS.
Clothing drove inflation, while motor fuels offset gains.
Core inflation edged up to 3.2 per cent. Producer input prices rose 0.5 per cent, while output slowed to 1.7 per cent.
Import prices increased 0.3 per cent, indicating moderate external cost pressures.
Category-level data showed a notable rebound in clothing and footwear prices, which rose 0.9 per cent annually in February compared to no change in January. On a monthly basis, the segment recorded a 0.6 per cent increase, reversing a decline seen a year earlier.
Meanwhile, the producer input prices rose 0.5 per cent YoY, recovering from a revised 0.4 per cent decline in January, while output prices increased 1.7 per cent, though at a slower pace than the 2.5 per cent rise in the previous month. Monthly trends showed input costs climbing 0.8 per cent, even as factory gate prices fell by 0.5 per cent.
The Import Price Index (IPI) registered a modest 0.3 per cent annual increase, reflecting relatively contained imported inflation. Overall, the data suggests that while headline inflation remains stable, sector-specific pressures, particularly in clothing, continue to influence price dynamics across the UK economy.
Fibre2Fashion News Desk (SG)
Fashion
US import prices rise 1.3% in February; exports up 1.5%
The increase in import prices was driven by both fuel and nonfuel categories. Fuel import prices surged 3.8 per cent, led by higher petroleum and natural gas prices, although they remained 10.6 per cent lower year-on-year (YoY), US Bureau of Labor Statistics said in a press release.
US import and export prices rose sharply in February 2026, with imports up 1.3 per cent and exports 1.5 per cent, driven by fuel, industrial supplies and capital goods.
Non-agricultural exports and energy costs supported growth.
Regional price trends varied, while earlier shutdown disruptions affected data.
The increase reflects strong global demand alongside persistent cost pressures.
Meanwhile, nonfuel imports rose 1.1 per cent, supported by higher costs of capital goods, industrial supplies, and consumer goods, import prices increased by 1.3 per cent in February, following a 0.6 per cent rise in January, marking the steepest monthly gain since March 2022.
Rising prices in finished goods were particularly notable, with capital goods import prices jumping 1.3 per cent, the largest increase on record. Gains were also seen in consumer goods, including apparel, footwear and household products, reflecting steady consumer demand despite inflationary pressures.
On the export side, non-agricultural exports drove growth, increasing 1.7 per cent in February, while industrial supplies and materials surged 3.6 per cent. Higher prices for natural gas, and crude petroleum. Export prices increased 3.5 per cent YoY, indicating sustained global demand for US goods.
Trade dynamics varied across regions. Import prices from the European Union rose 0.6 per cent and from Canada 1.6 per cent, while prices from China edged up 0.5 per cent despite a 1.9 per cent annual decline. On the export front, prices to the European Union jumped 3.2 per cent, while shipments to Japan and Canada also recorded strong gains.
These price movements come at a time when global industry events, trade exhibitions, and policy discussions are influencing supply chains and pricing strategies. Rising costs of industrial inputs and energy are being closely monitored by businesses participating in key international platforms, where sourcing, pricing, and resilience remain central themes.
Additionally, earlier disruptions caused by the federal government shutdown between October and November 2025 have led to some suppressed data points, adding complexity to trend analysis.
Fibre2Fashion News Desk (SG)
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