Faced with headwinds, the domestic textiles and apparel (T&A) sector has demanded an urgent financial relief package as also export incentives in order to bail the industry out of the current difficult situation, which has aggravated following the imposition of 50 per cent tariff by the US.
The Confederation of Indian Textile Industry (CITI) has welcomed the government’s decision to extend the exemption of import duty on cotton until December 31, 2025, calling it a crucial support measure for the country’s textile and apparel sector, which is reeling under the impact of a steep 50% tariff imposed by the US from August […]
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














