Business
Relief To Textile Exporters: Centre Extends Export Obligation Period
New Delhi: The industry, on Saturday, welcomed the important step taken by the Directorate General of Foreign Trade (DGFT) extending the Export Obligation (EO) period under advance authorisation for products subjected to mandatory Quality Control Orders (QCOs) issued by the Department of Chemicals and Petrochemicals (DCPC).
In respect of QCOs notified by the Ministry of Textiles, the EO period under advance authorisation had already been extended from six to 18 months.
Together, these measures provide timely and much-needed relief to exporters of man-made fibre (MMF) textiles and technical textiles, according to an official statement.
These measures will improve ease of doing business as well as improve competitiveness of Indian products.
Under the Advance Authorisation Scheme, duty-free imports of inputs are permitted for use in physical exports, without the mandatory requirement of compliance with QCOs for such imports.
This flexibility ensures continued availability of critical raw materials for the textile industry and facilitates uninterrupted export performance, the statement said.
Notably, around 18 per cent of all advance authorisations are issued for the textile sector, underlining the significance of this facilitation measure.
The import duty on cotton (Harmonized System code 5201) has been exempted till December 31, 2025, which will additionally strengthen raw material availability for the sector.
The government through Production Linked Incentive, National Technical Textiles Mission extend, and interventions as above continues to support the textiles and technical textiles, which together constitute a key growth segment for textile production.
India’s exports under the entire MMF value chain were valued at $8.46 billion in 2024-25, including $401 million of MMF fibre exports.
These decisions will help ease input cost pressures, ensure raw material security, and support the global competitiveness of Indian textile exports.
The measures and interventions by the DCPC and DGFT are proactive and forward-looking.
New European border rules have caused delays at airports across the continent, affecting flights.
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Business
‘A win-win for both nations!’ Three-day India-US trade talks to begin this week – The Times of India
India and the United States are set to resume trade talks this week, taking a “great step to finalize” the proposed agreement. Taking to social media platform X, US Ambassador to India Sergio Gor said “The Indian trade delegation will be arriving in Washington this week. A great step to finalize our bilateral trade deal. A win-win for both nations!”This week, a delegation of around a dozen officials will be travelling from New Delhi to Washington for discussions on the first phase of the proposed bilateral trade agreement (BTA). The talks are scheduled from April 20 to 22 and will be led by India’s chief negotiator Darpan Jain, additional secretary in the department of commerce. The team will also include officials from the customs department and the ministry of external affairs.The negotiations come against the backdrop of recent changes in the US tariff system, prompting both sides to revisit parts of the trade agreement finalised earlier this year and released on February 7.A key development was the US Supreme Court striking down reciprocal tariffs imposed under the 1977 International Emergency Economic Powers Act. Following this, the US administration introduced a temporary flat 10% tariff on all countries for 150 days from February 24.These changes led to the postponement of a planned February meeting between the chief negotiators. The rescheduled talks in Washington will now proceed under the revised tariff framework.Alongside tariff issues, the discussions are also expected to cover two investigations initiated by the US Trade Representative under Section 301 of its trade law. India has refuted the allegations and is seeking withdrawal of the probes, arguing that the initiation notices do not provide adequate justification.
Energy markets have seen wild swings since the US and Israel attacked Iran on 28 February.
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