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The India-UK Free Trade Agreement, expected to be signed before year-end, will eliminate import duties on Indian garments and textiles entering the UK market, a significant boost for exporters.
The Bhilwara textile cluster, known as India's synthetic suiting capital, is targeting ₹8,000 crore in exports this fiscal, backed by new product development and expanding presence in Middle East and African markets.
The Ministry of Textiles has extended the Rebate of State and Central Taxes and Levies (RoSCTL) scheme for garment and made-up exporters, providing crucial cost relief to the sector.
India's textile and apparel exports hit a milestone of $16 billion in the first half of FY2025-26, driven by strong demand from the US, EU and emerging markets in West Africa.
The knitwear hub of Tirupur has seen a strong rebound in export orders, with buyers from Europe and the US shifting sourcing away from China and Bangladesh in favour of Indian suppliers.
Cotton futures climbed sharply this week as buyers from China, Bangladesh and Vietnam placed aggressive orders ahead of the festive production cycle, pushing MCX prices to a three-month high.