Export

Indian Textile & Apparel Exports Rise Marginally By 0.89% In April

Textile Insights May 16, 2024

Indian exports of textiles and apparel rose marginally by 0.89 percent to US $2.77 billion in April 2024 as against $2.75 billion in the same month of the previous year Of this, textile exports stood at $1.57 billion, up 2.4 percent year on year, while garment exports were down by 1.03 percent

Export

Indian Govt Will Focus On Boosting Textile & Garment Exports

Textile Insights May 14, 2024

“The government will focus attention on boosting India’s textile and garment exports, which fell in the previous two fiscals,” Textiles Secretary Rachna Shah said. In fiscal ending March 2024, India’s exports of textiles and clothing dropped 3.24 percent year over year to US $34.4 billion. As against this, overseas shipments of textiles and apparel amounted […]

Export

AEPC Drafting New Growth Strategy To Double Apparel Exports

Textile Insights May 9, 2024

The Apparel Export Promotion Council (AEPC) is drafting a new growth strategy to double exports of apparels to US $40 billion by 2030. The new strategy will include targeting new markets like Brazil, Mexico, Poland, Russia, Saudi Arabia and South Africa while also hiking share in traditional markets of the UK, US and EU. According […]

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FIEO Requests Govt To Extend Interest Equalisation Scheme

Textile Insights May 7, 2024

The Federation of Indian Export Organisations (FIEO) has urged the government to extend the interest equalisation scheme (IES) that is set to expire on June 30. In a statement, the exporter’s body said that the extension is required to offer a lifeline to small exporters grappling with high interest rates and faltering exports. “The scheme […]

Export

Indian Textile & Apparel Exports Slip 3.24% In Fiscal 2023-24

Textile Insights April 17, 2024

In fiscal 2023-24, which ends in March 2024, cumulative exports of textiles and apparel from India fell 3.24 percent to $34.43 billion versus $35.58 billion in fiscal 2022-23 Between April 2023 and March 2024, Indian textiles exports registered a year over year growth of 2.62 percent and reached $19.89 billion. However, clothing exports slipped in […]

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Indian Clothing Exports Expected To Rebound In Current Fiscal

Textile Insights April 4, 2024

Indian clothing exports are anticipated to rebound in fiscal 2024-25 at around 8-9 percent led by expected demand from inventory replenishment by brands and retailers in key markets of the US and EU. “After a sluggish fiscal 2023-24 impacted by high inventory levels, apparel exports are expect to touch Rs 28,150 crore in the ongoing […]

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Indian Textile & Apparel Exports Drop 7.38% Between April & Feb

Textile Insights March 26, 2024

India’s textile and apparel exports dropped 7.38 percent to US $40.76 billion in the eleven months of fiscal 2023-24 from $44.01 billion in the same period of earlier fiscal. Exports of textiles totaled $30.96 billion in the period between April and February 2024, down 4.2 percent compared to $32.33 billion in the comparable months of […]

Export

India Seeks Zero Tariff On Textiles & Apparel In FTA With EU

Textile Insights February 27, 2024

India is negotiating for textiles and apparels to be classified as non-tariff items in the ongoing negotiations for a free-trade agreement (FTA) with the European Union. The EU import duties, typically ranging between 10-12 percent on textile and clothing, places India at a disadvantage with Bangladesh, which gets duty free access due to its least […]

Export

Swiss Import Duty Abolition Negates India’s Gains From FTA

Textile Insights January 10, 2024

Switzerland which introduced a policy to allow tariff-free entry for all industrial goods from all countries has negated India’s gains from the negotiations for a European Free Trade Association (EFTA) free trade agreement. Switzerland’s decision that took effect from January 1, 2024 resulted in removing tariffs on products, including chemicals, consumer goods, vehicles

Export

India’s Textile & Garment Exports Sluggish Despite FTAs

Textile Insights January 5, 2024

India’s exports from labour-intensive sectors such as textiles, garments, gems and jewellery, and leather have been sluggish despite free trade agreements (FTAs). “The rise of efficient suppliers in China, Vietnam, and Bangladesh has contributed to a decline in India’s market share in global trade,” a recent Global Trade Research Initiative (GTRI) report reveals. The