Try GOLD - Free
2 mn jobs at risk in apparel mfg sector
The New Indian Express Mangaluru
|August 04, 2025
THE Indian apparel and textile industry is facing a potential crisis with the latest tariff rates announced by the U.S. government, which industry leaders warn could lead to over 2 million job losses and a significant downturn for the sector.
The new US tariff rate for India has been set at 25%, placing it at a significant disadvantage against major competitors like Bangladesh and Vietnam, which have been placed in lower tariff brackets of 20%. Indonesia and Cambodia have an even lower rate of 19%. The Indian apparel industry was comfortably placed with the originally announced reciprocal tariff structure as it enjoyed tariff advantage vis- à-vis major competitor countries. The liberation day tariff announced originally by the Trump administration against India was 26% whereas it was 37% against Bangladesh, 46% against Vietnam, 44% against Sr
This story is from the August 04, 2025 edition of The New Indian Express Mangaluru.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Mangaluru
The New Indian Express Mangaluru
Sebi chief seeks CAs’ help for robust market system
SEBI chairman Tuhin Kanta Pandey has sought active cooperation of chartered accounts (CAs) to build a stronger financial market architecture with standardised complex valuations by ensuring that price assumptions are consistent, transparent, and welldocumented.
1 min
December 14, 2025
The New Indian Express Mangaluru
The Great Indian Aviation Robbery
The breakdown was not sudden, though it felt that way to those of us trapped in the glass-and-steel belly of Mumbai’s Chhatrapati Shivaji Maharaj International Airport that day.
4 mins
December 14, 2025
The New Indian Express Mangaluru
INDIA CHOKES AS POWER PLAYS ON
POWER & POLITICS
5 mins
December 14, 2025
The New Indian Express Mangaluru
AI changing creative landscape of Sandalwood
MUSIC is an integral part of cinema, so it is for Kannada cinema too.
1 min
December 14, 2025
The New Indian Express Mangaluru
CIRCLE OF LIFE BETWEEN MASS AND CLASS
N my five decades of life, I have seen my lifestyle oscillating between mass and class.
3 mins
December 14, 2025
The New Indian Express Mangaluru
Shivakumar will become CM on Jan 6: Congress MLA
KARNATAKA Deputy Chief Minister DK Shivakumar's aide and Congress MLA from Ramanagara Iqbal Hussain on Saturday said that Shivakumar will become the state's chief minister on January 6, 2026.
1 min
December 14, 2025
The New Indian Express Mangaluru
40-yr-old lynched to death in Bihar over religious identity
A 40-year-old man was lynched by a mob after ascertaining his religious identity in Bihar’s Nawada district, sources said on Saturday.
1 mins
December 14, 2025
The New Indian Express Mangaluru
BIG TECH RUSH TO BUILD CLOUD, AI INFRA IN INDIA
HERE is a sudden downpour of Big Tech investments in India.
3 mins
December 14, 2025
The New Indian Express Mangaluru
Shiprocket files for ₹2,342 crore public offering
E-COMMERCE enablement platform Shiprocket has filed for %2,342-crore initial public offering (IPO) with market regulator Sebi.
1 min
December 14, 2025
The New Indian Express Mangaluru
Tax dept intensifies action against fake deductions
THE tax department has intensified its action against bogus claims of deductions and exemptions under the Income Tax Act, using a data-driven approach to identify suspicious filings and intermediaries facilitating tax evasion.
1 min
December 14, 2025
Listen
Translate
Change font size