KPR Mill, Indo Count, Other Textile Stocks Surge Up To 10% On Optimism Around India-US Trade Talks | Markets News

Textile Industry

Textile company shares rallied sharply on September 16, driven by renewed optimism that India and the United States may soon resume trade talks.

Brendan Lynch, a trade negotiator from the Office of the US Trade Representative (USTR), is visiting India today to hold discussions on “trade issues” between Washington and New Delhi. Special Secretary Rajesh Agarwal clarified, however, that Lynch’s one-day visit should not be seen as the sixth round of India-US trade negotiations, but rather as a preparatory meeting to discuss trade matters.

India-US Trade Relations

India and the US had begun negotiations for a Bilateral Trade Agreement (BTA) in March this year and have already completed five rounds of talks, the last of which took place in July in the US. The sixth round, scheduled in New Delhi from August 25–29, was deferred after US President Donald Trump decided to double tariffs on India to 50 percent.

Cooling Trade Jitters

Relations between the two countries have shown signs of improvement in recent weeks, with Trump and Prime Minister Narendra Modi agreeing to resume trade talks. Trump referred to PM Modi as a “dear friend” and expressed optimism about regaining trade momentum, while Modi reaffirmed India and the US as “close friends and natural partners” with the potential to unlock significant opportunities through ongoing discussions. Finance Minister Nirmala Sitharaman also confirmed that New Delhi’s diplomatic team remains actively engaged in negotiations.

In a post on Truth Social, Trump said, “I am pleased to announce that India, and the United States of America, are continuing negotiations to address the Trade Barriers between our two Nations.”