India and the United Kingdom have concluded a comprehensive Free Trade Agreement (FTA) and a Double Contribution Convention aimed at significantly deepening economic ties, boosting trade and expanding investment and employment opportunities across key sectors, including textiles and apparel.
Amidst global uncertainties arising out of tariff war and geopolitical headwinds, the Union government is gearing up to strengthen the country’s manufacturing ecosystem. In one of its latest initiatives, the government is currently in the process of chalking out a roadmap for the ambitious National Manufacturing Mission which was announced by the Union Finance Minister
The government has secured investments worth Rs 18,500 crore under the PM MITRA Park scheme, aimed at boosting production, employment, and exports in the textile sector, the Lok Sabha was informed on March 11th 2025. The scheme, with a total outlay of Rs 4,445 crore for 2021-22 to 2027-28, will establish seven PM Mega Integrated […]
The Economic Survey highlights India’s position as the sixth-largest exporter of textiles and apparel globally, with exports worth USD 34 billion in 2023. The sector remains a key contributor to GDP, industrial production, and employment, directly engaging over 45 million people, including a significant rural and female workforce. Nearly 80% of India’s textile
While CY2024 was a mix bag for the Indian T&A sector, the year CY2025 is expected to be a better one. The second half of 2024 saw a distinct recovery in the overall exports after multiple quarters of subdued performance in the backdrop of sluggish demand in the major markets of the EU and the […]