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India Eyes Global Textile Lead: FTAs Key
20 Dec
Summary
- India needs more Free Trade Agreements to compete globally.
- Target of $350 billion textile market size by 2030 set.
- India's textile exports aim to double in the next three years.
Vice President C P Radhakrishnan emphasized the critical need for India to establish more Free Trade Agreements (FTAs) to enhance its competitive edge in international textile and apparel markets. He noted that nations like Bangladesh are currently enjoying advantages due to such agreements, impacting India's export potential. Radhakrishnan urged the apparel industry to explore new markets and adopt sustainable practices.
India has set an ambitious target to achieve a USD 350 billion textile market size by 2030, with USD 100 billion dedicated to exports. Despite geopolitical challenges, India is a significant global exporter of textiles and apparel. The vice president expressed strong confidence that the country's textile exports are poised to double within the next three years, underscoring the sector's vital contribution to national economic growth.
In the last financial year, 2024-25, India's textiles and apparel exports reached USD 37.75 billion. The Chairman of the Apparel Exports Promotion Council, Sudhir Sekhri, reported a commendable 10 percent growth in Indian apparel exports during 2024-25, despite global economic uncertainties. Sustained momentum was evident with significant growth in November 2025 and a cumulative export value of USD 10.08 billion from April to November 2025-26.
