India's Textiles Eye Global Exports with New Labor Codes

India's textile industry is expressing optimism about the recent rollout of new labor codes, foreseeing a substantial increase in export business. These legislative changes are seen as crucial for aligning with global standards, particularly the Corporate Sustainability Due Diligence Directive (CSDDD).

The adoption of these codes could provide Indian textile manufacturers with a distinct competitive advantage over other exporting nations. Despite this positive outlook, there are reservations within industry associations about the uniform application of these codes across various state governments, raising concerns about consistent enforcement on the ground.

Further export growth is expected to materialize once ongoing free trade negotiations with the European Union and the United States reach their conclusion. The expectation is that these codes will facilitate compliance with international social accountability norms, paving the way for greater global market access.