The US tariffs of 50% on Indian imports have commenced, potentially impacting Surat’s diamond industry, though stakeholders anticipate only a short-term effect due to India’s dominance in diamond production. While the US market presents challenges, manufacturers are considering alternative markets in Europe and Russia. The tariffs are a result of an executive order addressing threats from the Russian Federation.

India plans to boost textile exports by targeting 40 nations. This move comes after the US imposed a 50% tariff on Indian goods. The outreach will focus on quality and sustainability. The goal is to increase India’s market share in the global textile trade. Export Promotion Councils will lead the diversification strategy.

Chinese firm Dunion Taiyang Sheng Shoes (BD) Co Ltd will invest $10.20 million in BEPZA Economic Zone to establish a footwear plant, producing 2.1 million pairs annually and creating 1,939 jobs.
BEPZA’s executive chairman thanked the company, emphasising efficient land use, smart factory design for expansion, and eco-friendly features like solar panels and rainwater harvesting.

Indian gems and jewellery exporters are worried about the impact of the 50% tariff imposed by the US. They have approached the Reserve Bank of India for support regarding working capital. Exporters are also exploring rerouting shipments through countries with lower tariffs like Dubai and Mexico. Surat’s diamond industry fears job losses after Diwali.

Indian textile exporters are facing a crisis due to the new US tariffs. They are meeting to discuss strategies for current and future orders. Many are traveling to the US to negotiate with buyers. The industry fears significant job losses. They are also exploring alternative markets. Exporters seek government support to manage debt obligations. Competition from other nations will increase.

New Zealand’s apparel imports rose 4.68 per cent to NZ$1.22 billion (~$711 million) in January–July 2025, driven by stronger demand for knitted and crocheted garments (Chapter 61), which grew 6.5 per cent.
Imports of woven apparel (Chapter 62) edged up 2.7 per cent, while fabric imports under Chapter 60 surged 18 per cent.
The growth highlights resilient consumer demand in the country.

Indian garment exporters are rushing shipments by air to avoid an additional 25 per cent US tariff effective Aug 27, which would raise duties to 50 per cent.
Consignments must reach US ports by September 16 to qualify for the lower rate.
With sea freight too slow, exporters are relying on costly air cargo.
Industry groups warn of heavy losses, job cuts, and pressure across India’s textile value chain.

JSW Sports has appointed Divyanshu Singh as CEO, succeeding Mustafa Ghouse, who will now focus on Centre Court Capital. Singh, previously COO, has been with JSW Sports since 2017, contributing significantly to commercial growth and the Inspire Institute of Sport. He aims to further establish JSW Sports as a market leader, leveraging his extensive experience in the sports industry.

Top trade bodies in Bangladesh have called for delaying the country’s scheduled graduation from the LDC status by five to six years.
Though Bangladesh has fulfilled all three UN criteria, the graduation will bring with it new responsibilities and risks, and therefore, careful preparation is needed to ensure the transition leads to lasting success, ICC Bangladesh president Mahbubur Rahman said.

Uniqlo India aims for ₹3,000-crore annual sales in the next three years, having achieved ₹1,000-crore in FY25. The company’s profit after tax more than doubled to ₹178.4 crore with a 44% revenue growth. Uniqlo plans to expand from 16 to 30 stores and increase local sourcing from 15% to 30% to support Fast Retailing’s global ambitions.