India’s textile industry stands to benefit significantly from the recent interim tariff framework introduced by the United States. The Apparel Export Promotion Council (AEPC) and the Confederation of Indian Textile Industry (CITI) have welcomed the move, highlighting its potential to enhance India’s competitiveness in the global textile trade.
Industry representatives are optimistic about achieving $100 billion in textile exports by 2030, supported by improved market access and favorable trade conditions under the new US tariff regime.
**Why this matters**
The US is one of the largest markets for textile exports, and tariff adjustments can influence global trade dynamics. By reducing trade barriers, India may increase its market share, attract investment, and strengthen its position as a leading textile exporter. This development could also impact supply chains and trade relationships within the global textile industry.
Source: NewsData