Policies

Textile Exports To Double Under India-UK Trade Pact

Textile Insights July 25, 2025

India and the United Kingdom have signed the Comprehensive Economic and Trade Agreement (CETA), India’s most ambitious free trade pact with a major developed nation in over a decade. The agreement was signed yesterday by India’s Commerce and Industry Minister Piyush Goyal and the UK’s

Industry

Apparel Industry Thanks Prime Minister For Support At Bharat Tex 2025

Textile Insights February 24, 2025

The apparel industry has expressed gratitude to Prime Minister Narendra Modi for his encouraging address at the ‘Textiles Samvad’ during Bharat Tex 2025 at Bharat Mandapam, New Delhi. Apparel Export Promotion Council (AEPC) Chairman Sudhir Sekhri lauded the Prime Minister’s vision, stating, “On behalf of the garment industry, we pledge to work relentlessly towards making

Export

India’s Textile And Apparel Exports Surge 4.08%

July 18, 2024

India’s textiles and apparel sector has shown promising growth, with exports rising by 4.08% to US$ 8.785 billion in April-June 2024. This performance comes amid a shifting global market, where India’s strategic positioning and competitive advantages are becoming more evident. Textile exports saw a 3.99% increase in the first quarter of fiscal 2024-25, while

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 […]

Export

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 […]

Industry

Indian Textile Industry Is Poised For Rebound In Sales – CRISIL

Textile Insights March 29, 2024

The CRISIL SME Tracker has reported that the Indian textile industry is poised for a rebound in sales after two years of contraction. The previous two financial years were challenging due to volatile cotton prices and subdued export demand. “However, the industry is expected to close this fiscal with lower revenue due to a correction […]

Export

Indian Textile & Garment Exports Post 12.49% Growth In Feb

Textile Insights March 22, 2024

Indian exports of textiles and apparels in February 2024 recorded a growth of 12.49 percent over the same month of earlier year. “Of overall exports in February, textile exports rose 19.54 percent, while garment exports grew at 4.88 percent, both over February 2023,” data from Confederation of Indian Textile Industry (CITI) showed. Overseas shipments 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 […]

Industry

AEPC Seeks Uniform GST Levies Across MMF Textile Value Chain

Textile Insights January 25, 2024

To boost local manufacturing and also clothing exports, the Apparel Export Promotion Council (AEPC), has sought uniformity in GST levies and more tax incentives in the union budget to be announced on February. “A uniform tax of five percent should be applied to the Goods and Services tax (GST) along the whole manmade fibre (MMF) […]

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