Try GOLD - Free
2 mn jobs at risk in apparel mfg sector
The New Indian Express Vellore
|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 Vellore.
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 Vellore
The New Indian Express Vellore
BLURRED VISIONS OF FUTURES PAST
PERHAPS the standout event of 2026 is already over—the US campaign against Venezuela, with the plainly-declared aim of taking over its oil resources.
4 mins
January 10, 2026
The New Indian Express Vellore
Sivakarthikeyan’s Parasakthi gets CBFC nod, hits theatres today
SIVAKARTHIKEYAN’S upcoming film Parasakthi, directed by Sudha Kongara, has been cleared by the Central Board of Film Certification (CBFC) with a UA 16+ certificate, enabling its release as scheduled on January 10.
1 min
January 10, 2026
The New Indian Express Vellore
HC stays film release, no Pongal outing for Vijay's Jana Nayagan
HOURS after a single judge of the Madras High Court on Friday directed the Central Board of Film Certification (CBFC) to forthwith grant certification to actor-politician Vijay's film Jana Nayagan, a two-judge bench stayed that order, stalling the release of the film that was expected to hit the screens on Friday for Pongal.
1 min
January 10, 2026
The New Indian Express Vellore
MIND ECOLOGICAL BALANCE WHILE RAISING TEAK OUTPUT
NDIA now needs to import an expensive product it once was the leading producer of.
1 mins
January 10, 2026
The New Indian Express Vellore
HC may punish officers for contempt in Deepam issue
THE Madurai Bench of the Madras High Court said on Friday that it would frame contempt charges against the officers, who failed to implement its order directing lighting of lamp on ‘Deepathoon’ on Thiruparankundram hilltop last year, if they don’t properly show cause before February 2 as to why contempt proceedings not be initiated against them.
1 min
January 10, 2026
The New Indian Express Vellore
After BJP poaches on Cong, Shinde ties up with Ajit's NCP
A major political twist unfolded in the Ambarnath Nagar Parishad in Maharashtra, dealing a setback to the BJP despite its move to induct 12 expelled Congress corporators.
1 mins
January 10, 2026
The New Indian Express Vellore
After Modi push, new mothers scheme gets tech transparency
PRIME Minister Narendra Modi has suggested reforms to make the Pradhan Mantri Matru Vandana Yojana (PM-MVY),acentral flagship scheme that provides maternity benefits to pregnant and lactating mothers, more technology-driven, transparent and robust, official sources said Friday.
2 mins
January 10, 2026
The New Indian Express Vellore
Want to create a larger pool of South African players: Smith
FOUR washouts in 17 games, thanks to unseasonal rain.
2 mins
January 10, 2026
The New Indian Express Vellore
Hill yes! How thousands are reverse migrating
THE migration pattern that hollowed out Uttarakhand’s villages for decades is showing signs of reversal.
1 min
January 10, 2026
The New Indian Express Vellore
Shah launches war on narco-terror, pushes for full eradication in 3 years
UNION Home Minister Amit Shah on Friday set a three-year deadline to put in place a comprehensive national mechanism to eradicate the drug menace, calling for a “collective campaign on all fronts” tomake India drug-free.
1 mins
January 10, 2026
Listen
Translate
Change font size