The ongoing Iran-Israel conflict could impact Bangladesh’s readymade garment (RMG) sector by increasing global oil prices, thereby driving up business costs, warned BGMEA President Mahmud Hasan Khan Babu. He also highlighted other pressing issues such as potential US tariffs, India halting transshipment of Bangladeshi goods, high inflation, rising wages, costly energy, and elevated bank interest rates.

To address these challenges, he proposed the creation of a separate ministry dedicated to the garment industry. Additionally, he announced a new digital platform for BGMEA members to access services and submit complaints.

Monthly Brazilian cotton crop and market report. Check out the main highlights:

Brazil exported 192.2 thousand tonnes of cotton in May 2025, a 16% reduction compared to that shipped in May 2024.
Pakistan, Vietnam and Bangladesh were the main buyers for the month, accounting for 102,648 tonnes, or 53% of total shipments.
Cumulative exports for the 2024/25 marketing year reached 2.57 million tonnes by the end of May, an increase of 9.4% compared to the same period in 2023/24.
Cotton Brazil strengthens ties in Asia - see more in the Made In Brazil section.

Haryana has always stood out in India’s economic landscape for its vibrant business environment, excellent infrastructure, and business-friendly governance.
The state is also a major contributor to the growth of India’s textile arena, with the Haryana Atma Nirbhar Textile Policy creating the foundation for exponential growth of the textile sector in Haryana.
Given the manifold opportunities in Haryana’s textile industry, the Confederation of Indian Textile Industry (CITI) – India’s premier textile industry body – will organize a ‘Cluster Connect 2025’ in Panipat on June 26 to discuss what it would take for the state to become a bigger national powerhouse in textiles.

Calling All Startups: Apply Now for the CII Startupreneur Awards 2025!
CII CIES is launching the 6th edition of the CII CIES Startupreneur Awards 2025. The objective of the awards is to promote innovation and create robust entrepreneurial ecosystem by recognizing and rewarding startups that make substantial contributions through innovative products, services, technologies, or business models.
The award encompasses startups from all sectors.

Award Categories of Recognition!

Gartex Texprocess India: Denim show

NEW DELHI
Date: 21-22-23 August 2025

Venue: Bharat Mandapam (Pragati Maidan), New Delhi, India

Timings: 21–22 August 2025, 10:00AM–06:00PM

In a landmark & directional move aimed at ensuring the textile sector's growth momentum, the South Gujarat Chamber of Commerce and Industry (SGCCI) has made a decisive representation before the relevant line ministry, the Union Ministry of Heavy Industries, appealing/pleading for the revocation of the Quality Control Order (QCO) on the textile machinery sector.

In the same direction, in a recently held crucial meeting with Union Minister H.D. Kumaraswamy and senior ministry officials in New Delhi, SGCCI made a case for impressing upon the authorities raising serious concerns around the unintended consequences/adverse externalities, explaining how this policy potentially can have an impact on India's high-growth textile regions/hubs, more specifically South Gujarat, a major textile hub in the larger scheme of things.

Bangladesh's top industry leaders issued a dire warning on Sunday, calling the nation's escalating economic crisis a "ticking time bomb." At a press conference at Dhaka’s Gulshan Club, they cautioned that persistent fuel shortages, soaring production costs, and government inaction could lead to a collapse mirroring a famine.

Representatives from the BTMA, FBCCI, BGMEA, BKMEA, BTTLMEA, BCI, and ICC-Bangladesh expressed deep concern. They pointed to widespread factory shutdowns, unpaid wages, increasing loan defaults, and crippling interest rates.

India's combined exports of goods and services are projected by the Federation of Indian Export Organizations (FIEO) to surpass $1 trillion in the fiscal year 2025-26.

This represents a significant increase of over 21% compared to the $824.9 billion in exports recorded for the 2024-25 fiscal year.

Kickers
There is hope, given that 'Work in Progress' on major FTAs promises to be game changers and turn the corner for the Indian economy, like the EU, the Bilateral Trade Agreement (BTA) with the US/Early Harvest Deal, and many more in the pipeline.

India's strategic decision to restrict garment imports from Bangladesh via land borders is set to reroute over ₹1,000 crore in trade to Indian textile producers. This move was quickly met with enthusiasm in the stock market, signaling a significant revitalization for India's domestic textile industry.
By limiting import channels, Indian manufacturers are now poised to meet a surge in demand, especially in ready-made garments, home textiles, and other value-added products. This makes it a crucial time for investors, manufacturers, policymakers, and industry analysts to closely monitor the textile sector.

U.P. Pitches Itself as India's Textile Growth Engine @Gartex Texprocess India 2025

The recently concluded Gartex Texprocess India, Mumbai 2025 event (held on May 22–24), wherein Uttar Pradesh positioned itself as a key player, made a strong business case demonstrating its growing importance and potential as a center for textile manufacturing and industrial advancement.
The platform has already well established itself as one of India’s most prominent platforms for garment and textile (T&A) machinery. The event offered an apt opportunity for Uttar Pradesh to impress upon others its growing influence and industrial capabilities and supportive policy-driven initiatives/pro-industry administration in the changing and evolving national textile landscape.

U.P. Pitches Itself as India's Textile Growth Engine @Gartex Texprocess India 2025

The recently concluded Gartex Texprocess India, Mumbai 2025 event (held on May 22–24), wherein Uttar Pradesh positioned itself as a key player, made a strong business case demonstrating its growing importance and potential as a center for textile manufacturing and industrial advancement.
The platform has already well established itself as one of India’s most prominent platforms for garment and textile (T&A) machinery. The event offered an apt opportunity for Uttar Pradesh to impress upon others its growing influence and industrial capabilities and supportive policy-driven initiatives/pro-industry administration in the changing and evolving national textile landscape.

The Viet Nam International Sourcing 2025

Hosted by: The Ministry of Industry and Trade of Vietnam

Event Dates: from September 4-6, 2025,

Event Venue: at the Saigon Exhibition & Convention Center (SECC), Ho Chi Minh City.
The event features:
Vietnam International Sourcing Expo showcasing 600+ Vietnamese producers/exporters with 12,000+ export-qualified products in food & beverage, home & houseware, lifestyle essentials, and export & manufacturing support solutions.
Workshops, seminars, and business matching to connect international buyers with Vietnamese exporters.