Try GOLD - Free
2 mn jobs at risk in apparel mfg sector
The New Indian Express Sambalpur
|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 Sambalpur.
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 Sambalpur
The New Indian Express Sambalpur
Vietnam war reporter, Pulitzer winner Peter Arnett dies at 91
PETER Arnett, the Pulitzer Prizewinning reporter who spent decades dodging bullets and bombs to bring the world eyewitness accounts of war from the rice paddies of Vietnam to the deserts of Iraq, has died.
1 min
December 19, 2025
The New Indian Express Sambalpur
U’khand youth forced to join Russia war, dies
A 30-year-old Uttarakhand man, who went to Russia on a student visa for higher studies, died after he was allegedly forced to join the Russian army for Ukraine war.
1 min
December 19, 2025
The New Indian Express Sambalpur
Aus PM vows hate speech crackdown after Bondi attack
Man of Indian orgin too helped disarm an assailant during the Sydney beach massacre
2 mins
December 19, 2025
The New Indian Express Sambalpur
Plea on enhancing quality of packaged drinking water: Luxury litigation, says SC
'URBAN PHOBIA'
1 min
December 19, 2025
The New Indian Express Sambalpur
Shashwat Sharma appointed Airtel India MD, CEO
BHARTI AIRTEL, country's second-largest telecom service provider, is undergoing an organisational change with the appointment of Shashwat Sharma as managing director and CEO of Bharti Airtel India, effective January 2026.
1 mins
December 19, 2025
The New Indian Express Sambalpur
ELOQUENT SILENCE OF CONSTITUTIONS
LUDWIG Wittgenstein famously concluded his Tractatus Logico-Philosophicus with the injunction: \"Whereof one cannot speak, thereof one must be silent.\"
3 mins
December 19, 2025
The New Indian Express Sambalpur
No action against men who got ₹10K under women yojna
THE Bihar government on Thursday clarified that it would not take 'coercive action' against the 470 differently abled men who received ₹10,000 each under Mukhyamantri Mahila Rojgar Yojna ahead of the Bihar assembly elections.
1 min
December 19, 2025
The New Indian Express Sambalpur
BENGALURU MUST SUSTAIN ITS CLEANLINESS DRIVE
THE country's IT capital seems to be finally sloughing off its embarrassing title of 'Garbage City' with a multi-pronged strategy.
1 mins
December 19, 2025
The New Indian Express Sambalpur
CCI will launch probe into IndiGo for ‘abusing its dominant position’
THE Competition Commission of India (CCI), a regulatory body under the Ministry of Corporate Affairs, will probe the practices of India's largest domestic airline, IndiGo, to assess whether it has abused its dominant position in the aviation sector.
1 min
December 19, 2025
The New Indian Express Sambalpur
Ace sculptor Ram V Sutar passes away at 100
RENOWNED sculptor Ram Vanji Sutar, best known for designing the Statue of Unity -- world's tallest statue -- in Gujarat, passed away at his Noida residence late on Wednesday night.
1 mins
December 19, 2025
Listen
Translate
Change font size