Brief by Shorts91 Newsdesk / 05:26pm on 26 Aug 2025,Tuesday Business
Textile and apparel units in Tirupur, Noida, and Surat have stopped production after the US raised tariffs on Indian goods to 50 per cent. The move affects exports worth $47–48 billion, making Indian products less competitive than rivals from Vietnam, Bangladesh, and China. The Federation of Indian Export Organisations (FIEO) warned of disrupted supply chains and losses for seafood and other sectors. The Confederation of Indian Textile Industry (CITI) urged the government to provide immediate support, including fiscal aid, loan moratoriums, and easier credit for MSMEs. Jobs and the $100 billion export target by 2030 are at risk. (PC: X)
