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Trade news for your textile business

Prices, policy, GST and market news that moves your textile business — every story links its source.

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Inc42 — Startup and funding newsTrade press2 h ago
Credit, payments & interestExports, imports & dutiesImportant

E-commerce festive season squeezes seller margins with higher fees, penalties

Amazon and Flipkart have revised cancellation penalties and logistics fees ahead of the festive season, impacting seller margins. Flipkart charges flat fees for delays and cancellations, while Amazon links penalties to order value. Rising logistics costs add to the burden.

Why it matters

Textile and apparel sellers on e-commerce platforms should factor in higher cancellation fees and logistics costs when planning festive season inventory and pricing.

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Inc42 — Startup and funding newsTrade press2 h ago
Credit, payments & interestDeals, funding & partnershipsImportant

SoftBank sells 1.2% stake in Ola Electric amid rights issue

SoftBank has sold 1.2% of its stake in Ola Electric, reducing its holding to 11.7%. It also sold 25.9% of its rights entitlements in Ola Electric’s ₹1,000 crore rights issue.

Why it matters

Watch Ola Electric’s financial health; textile MSMEs should monitor EV sector trends for supply chain opportunities.

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Inc42 — Startup and funding newsTrade press13 h ago
Credit, payments & interestGlobal marketsImportant

E-commerce platforms hike fees, penalties ahead of festive season

Amazon and Flipkart have increased penalties for late dispatches and cancellations, along with new fees on every order. Delhivery has also added a surcharge for D2C brands. These changes impact sellers, especially those handling low-value orders, amid rising production and fulfilment costs.

Why it matters

Textile and apparel sellers on e-commerce platforms should review their dispatch timelines and cost structures to avoid penalties.

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Inc42 — Startup and funding newsTrade press13 h ago
Credit, payments & interestTextile policy & schemesImportant

IRDAI extends feedback deadline for insurance distribution reforms

IRDAI has extended the deadline for feedback on proposed insurance distribution reforms to October 31 after receiving over 650 comments. The reforms aim to cap commissions and lower expense limits but face opposition from brokers.

Why it matters

Textile MSMEs should monitor IRDAI’s final norms, as tighter credit insurance rules may affect trade finance costs.

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Inc42 — Startup and funding newsTrade press2 h ago
Deals, funding & partnershipsTech & digital trade

QwikBuild raises $2.3M to expand enterprise AI platform

Bengaluru-based QwikBuild has secured $2.3 million in pre-seed funding led by Globalway. The startup builds AI-driven enterprise software to reduce development and deployment time. It also announced a joint venture to enter Japan’s market.

Why it matters

Textile MSMEs adopting digital tools should watch for AI-driven workflow automation solutions that could streamline operations.

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Inc42 — Startup and funding newsTrade press13 h ago
Credit, payments & interestTech & digital trade

IndiaMART Q2 FY27 profit rises 10% YoY to ₹91 Cr, revenue grows 10%

IndiaMART reported a 9.8% YoY increase in net profit to ₹90.7 Cr for Q2 FY27, with revenue up 10% to ₹428.6 Cr. EBITDA margin improved by 300 bps to 40%, despite a sequential profit decline. Paying suppliers grew to 2.2 Lakh.

Why it matters

Textile MSMEs using IndiaMART should track platform trust and AI tools for better engagement and supplier monetisation.

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Inc42 — Startup and funding newsTrade press2 days ago
Credit, payments & interestDeals, funding & partnershipsImportant

axiTrust raises $5 mn to digitise surety bonds for MSMEs

Fintech startup axiTrust is raising $5 mn in Series A funding led by Argor.vc to build digital surety bonds. The startup aims to replace traditional bank guarantees, freeing up ₹15 lakh crore of MSME working capital locked as collateral.

Why it matters

Textile MSMEs should watch for digital surety bonds as an alternative to bank guarantees to improve cash flow.

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SGCCI — News & eventsIndustry body2 days ago
Surat marketExports, imports & duties

SGCCI hosts UK-India business networking event in Surat on 27 Oct 2026

SGCCI, in collaboration with the UK Department for Business, will host a business and investment networking reception in Surat on 27 October 2026. The event aims to explore UK-India trade opportunities and investment partnerships.

Date
27 Oct 2026
Time
11:30 AM IST
Venue
6th Floor, Sanhati Building, SIECC, Campus, Sarsana, Surat
Organiser
SGCCI in collaboration with UK Department for Business, Innovation, Science and Trade (BIST)
Event details

Why it matters

Surat textile traders and manufacturers should attend to explore UK export opportunities and cross-border partnerships.

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Inc42 — Startup and funding newsTrade press2 days ago
Credit, payments & interestTech & digital trade

Veefin H1 FY27 profit jumps 2.3X to ₹25 Cr, revenue doubles

BSE SME-listed fintech SaaS firm Veefin Solutions reported a 127% rise in net profit to ₹24.9 Cr in H1 FY27, with revenue more than doubling to ₹238.8 Cr. The company’s supply chain finance pipeline stands at ₹920 Cr.

Why it matters

Textile MSMEs should watch Veefin’s SCF solutions for potential financing options, especially for supply chain needs.

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SGCCI — News & eventsIndustry body3 days ago
Expos & eventsSurat market

Free Modern Weaving Session · Surat · 18 November

SGCCI’s free Modern Weaving Technology introduction is for textile students and entrepreneurs. Join on 18 November 2026 at 5:30 PM IST at Samruddhi, Nanpura, Surat.

Date
18 Nov 2026
Time
5:30 PM IST
Venue
Samruddhi, Nr. Makkai Pool, Nanpura, Surat
Organiser
SGCCI
Event details

Why it matters

Check SGCCI’s official page for registration and updates before attending.

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SGCCI — News & eventsIndustry body5 days ago
Expos & eventsFOSTTA, SGCCI & industry bodies

SGCCI to host National Safety Conference in Surat on Oct 24, 2026

The Southern Gujarat Chamber of Commerce & Industry (SGCCI) will organise a one-day National Safety Conference on October 24, 2026, in Surat. The event, themed 'Protection • Productivity • Progress', focuses on workplace safety for a developed India.

Date
24 Oct 2026
Time
8:30 AM to 5:30 PM
Venue
Platinum Hall, SIECC, Sarsana, Surat
Organiser
Southern Gujarat Chamber of Commerce & Industry (SGCCI) in association with the Labour, Skill Development & employment D
Event details

Why it matters

Textile MSMEs in Surat should consider attending to learn about safety regulations and compliance.

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SGCCI — News & eventsIndustry body19 Oct
Textile policy & schemesFOSTTA, SGCCI & industry bodiesImportant

SGCCI MSME Conclave 2026: Policy updates, dispute resolution & export opportunities

SGCCI’s MSME Conclave on 23 Oct 2026 in Surat will cover MSMED Act 2026, online dispute resolution, Gujarat industrial policy incentives, and export opportunities. Key speakers include officials from MSME-DFO and Gujarat government.

Date
23 Oct 2026
Time
9:30 AM Onwards
Venue
Platinum Hall, SIECC Campus, Sarsana, Surat
Organiser
SGCCI
Event details

Why it matters

Textile MSMEs should attend to understand new compliance rules, subsidies, and export schemes; register early as seats are limited.

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SGCCI — News & eventsIndustry body18 Oct
Exports, imports & dutiesFOSTTA, SGCCI & industry bodies

SGCCI Authorized to Issue Certificate of Origin for Exporters

SGCCI is authorized by the Ministry of Commerce to issue Certificates of Origin, helping exporters comply with import rules and qualify for preferential tariffs under free trade agreements.

Why it matters

Exporters should obtain Certificates of Origin from SGCCI to avoid delays and additional costs in international shipments.

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SGCCI — News & eventsIndustry body18 Oct
FOSTTA, SGCCI & industry bodiesExports, imports & duties

SGCCI offers visa recommendation letters for business travel

The Southern Gujarat Chamber of Commerce and Industry (SGCCI) provides visa recommendation letters to its members to simplify and expedite the visa application process for international business travel.

Why it matters

Textile traders and manufacturers planning overseas business trips should obtain a visa recommendation from SGCCI to streamline their visa applications.

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SGCCI — News & eventsIndustry body17 Oct
Expos & eventsSurat market

SITEX 2027: Surat textile expo on 20–22 February

SGCCI will hold the 15th Surat International Textile Expo (SITEX 2027) on 20–22 February 2027, from 10:00 AM to 7:00 PM. Venue: Surat International Exhibition and Convention Centre (SIECC), Bhatar–Althan Road, near Khajod Chokdi, Sarsana, Surat. The exhibition brings together textile products, machinery and technology, with business networking and buyer–seller meetings.

Date
20–22 Feb 2027
Time
10:00 AM–7:00 PM IST, 20–22 February 2027
Venue
Surat International Exhibition & Convention Centre (SGCCI)
Organiser
The Southern Gujarat Chamber of Commerce & Industry (SGCCI)
Event details

Why it matters

Plan supplier meetings and machinery comparisons in advance; confirm visitor registration and participation terms with SGCCI.

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SGCCI — News & eventsIndustry body17 Oct
Expos & eventsSurat market

Food & Beverage Expo: 23–25 January 2027 in Surat

SGCCI will organise the Food & Beverage Expo on 23–25 January 2027 at Surat International Exhibition and Convention Centre (SIECC), Bhatar–Althan Road, near Khajod Chokdi, Sarsana, Surat. The exhibition covers food processing, procurement, machinery, products and allied services. Daily opening hours are not confirmed in the reviewed announcement; check the organiser’s official page before planning a visit.

Date
23–25 Jan 2027
Time
To be confirmed
Venue
Surat International Exhibition & Convention Centre (SGCCI)
Organiser
The Southern Gujarat Chamber of Commerce & Industry (SGCCI)
Event details

Why it matters

Relevant for food-sector MSMEs and allied suppliers planning product sourcing, equipment comparisons or business meetings.

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