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    <author>ENA</author>
    <category>Sectors</category>
    <date>2025-09-02 15:16:57</date>
    <fulldesc>&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;&lt;strong&gt;New Delhi, Sep 2 (KNN) &lt;/strong&gt;The recent hike in US tariffs on Indian apparel imports has triggered a severe crisis for Noidas textile industry, threatening businesses and jobs.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;On August 27, tariffs were raised from 12 per cent to 50 per cent, bringing exports to a near standstill.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;Even before this, we were selling at discounts just to clear stock. But now new orders have stopped, said Lalit Thukral, President of Noida Apparel Export Cluster, reported Indian Express.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;His firm, Twenty Second Miles, employs around 5,000 workers. He warned that if conditions persist, a quarter of factories will shut within months, costing lakhs of livelihoods.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;The industrys dependence on the US is evident. Apparel exports from India are valued at USD 16 billion, with USD 5 5.5 billion going to the US.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;In Noida alone, the textile sector is worth Rs 50,000 crore, with nearly 25 per cent linked to the American market. Around 10 lakh people work in the sector, many of them women.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;Companies like Meenu Creations, employing 3,000 workers, fear long-term damage. The US makes up 17 per cent of our turnover. If that vanishes, small units cannot survive, said its Managing Director, Anil Peshawari.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;Exporters report cancelled orders, piling unsold stock, and growing layoffs. Factories also face the risk of losing global buyers permanently, as orders shift to Bangladesh, Vietnam, China, and Sri Lanka. Once supply chains move, they rarely return, Thukral cautioned.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;The crisis has also sparked unhealthy competition within India, with firms undercutting each other at heavy losses to retain clients. Exploring alternative markets is proving difficult, given the sectors deep familiarity with US fashion demands.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;Industry leaders are urging government intervention through interest subvention and tax-free loans to survive the next few months.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;Without support, Noidas ambition to be Indias apparel capital may suffer a major setback.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;em&gt;&lt;strong&gt;&lt;span style=&quot;font-size:14px&quot;&gt;(KNN Bureau)&lt;/span&gt;&lt;/strong&gt;&lt;/em&gt;&lt;/p&gt;&#13;
</fulldesc>
    <id>43359</id>
    <link>https://knnindia.co.in/news/newsdetails/sectors/exporters-warn-us-tariff-threaten-lakhs-of-jobs-in-noidas-textile-hub</link>
    <pubDate>2025-09-02 15:16:57</pubDate>
    <source>knnindia.co.in</source>
    <title>Exporters Warn US Tariff Threaten Lakhs of Jobs in Noida’s Textile Hub</title>
</root>
