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Wazir Advisors: Global Textile & Apparel Sector Pulse – Q2 2026
Global Textile & Apparel Sector Pulse – Q2 2026
The second quarter of FY26 was marked by significant developments shaping the global textile and apparel industry. A key highlight was the US Section 301 investigation, which proposed a 12.5% tariff on imports from 60 countries including India, China, Bangladesh, and Vietnam. This has created uncertainty in sourcing strategies, with a public hearing scheduled for July before finalization. In contrast, India’s trade diplomacy advanced, with the UK free trade agreement set to take effect from July 15, removing 9.6% duties, while the US deal is reportedly “99% complete.” These moves are expected to accelerate sourcing shifts toward India. Meanwhile, easing tensions in West Asia brought crude prices down from $115/bbl to below $70/bbl, reducing freight surcharges and energy costs. India also temporarily suspended its 11% cotton import duty (June–October 2026), bridging a domestic deficit of ~45 lakh bales and improving competitiveness of cotton products.
Gym-to-Street Revolution: TechnoSport Builds India’s Next-Gen Sportech Ecosystem
Gym-to-Street Revolution: TechnoSport Builds India’s Next-Gen Sportech Ecosystem
PHDCCI’s National Conference on Technical Textiles spotlighted how India can build a complete ecosystem for its fast-growing Sportech and activewear industry, with TechnoSport showcasing a rapid innovation model that connects advanced textile technology, consumer-centric R&D, and agile market deployment.
Context and coverage
As covered by Salil Chawla, Director, DFU Publications, in his capacity as a delegate at the “National Conference on Technical Textiles” organised by PHD Chamber of Commerce and Industry (PHDCCI), one of the key panel discussions focused on “Building a Complete Ecosystem for India’s Sportech Industry.” In this context, Sunil Jhunjhunwala, Co‑founder & Co‑worker at TechnoSport, shared how the brand is leveraging technical textiles to solve everyday performance-wear challenges while scaling for global markets.
AEPC Welcomes USD 1 Trillion Export Target Announced at Board of Trade Meeting
AEPC Welcomes USD 1 Trillion Export Target Announced at Board of Trade Meeting
Union Commerce & Industry Minister Shri Piyush Goyal Sets USD 1 Trillion Export Target for FY 2026-27 at BoT Meet; AEPC Chairman Extends Full Support
The Chairman of the Apparel Export Promotion Council (AEPC), Dr. A. Sakthivel, has welcomed Union Commerce & Industry Minister Shri Piyush Goyal's call to achieve USD 1 trillion in exports during FY 2026-27 under the visionary leadership of Hon'ble Prime Minister Shri Narendra Modi. The announcement was made at the Board of Trade (BoT) meeting held in New Delhi on July 3.
The Board, comprising representatives from States, Union Territories, Export Promotion Councils and senior industry leaders, acknowledged and supported the USD 1 trillion in exports target and deliberated on strategies to accelerate India's exports, maximise the benefits of recently concluded Free Trade Agreements (FTAs), and strengthen the country's global trade competitiveness.
India’s Sports Textile Ecosystem: From Import Substitution to Global Leadership
We Replaced 90% of Imports in 8 Years” – Chetan Agarwal at PHDCCI Conference
As covered by Salil Chawla, Director DFU Publications, in his capacity as delegate on 30th June, 2026 at the "National Conference on Technical Textiles" organised by PHDCCI. Excerpts from the address by Chetan Agarwal – Activewear Expert, TEDx Speaker, Author & Founder, Positex Group:
"I have been importing a lot of these fabrics into India. What gladdens me most about this session is that for years I have largely spoken about import substitution. Today, the topic is scaling indigenous sport tech for global dominance — and that surely deserves applause.
The last five years have brought a massive shift. Earlier, brands depended on stock lot fabrics from Taiwan and later fresh fabrics from China. Today, India is perhaps the only country after China with a complete ecosystem — from fibre and yarn to garmenting.
How Can Advanced Textile Research Redefine Sports Performance?
As covered by Salil,Chawla, Director DFU Publications in the capacity of delegate on 30th June, 2026 "National Conference on Technical Textiles" organised by PHDCCI. Excerpts from Associate Professor in The Department of Textile Technology at IIT Delhi, address during one of the panel discussions:
Address at the National Conference on Technical Textiles
How Can Advanced Textile Research Redefine Sports Performance? The Role of Academic Institutions in Bridging Laboratory Innovation and Commercial Sports Products
At the outset, I would like to thank Dr. Manisha, the PHD Chamber of Commerce and Industry (PHDCCI), and WRA for inviting me and giving me this opportunity to share my thoughts.
Bharat Tex 2026-Panel Discussion: AI-LED TRANSFORMATION ACROSS THE FASHION VALUE CHAIN
Panel Discussion
वस्त्र मंत्रालय
MINISTRY OF TEXTILES
सत्यमेव जयते
राष्ट्रीय फैशन प्रौद्योगिकी संस्थान (NATIONAL INSTITUTE OF FASHION TECHNOLOGY)
Bharat TEX 2026: TEXTILES | FASHION | SUSTAINABILITY
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