Textile Exports

The US is India's biggest market for textiles and apparel. In 2024-25, the sector was valued at about $179 billion, including a $142 billion domestic market and $37 billion in exports

The EU is India's largest trading partner for goods, with two-way trade of $137.5 billion in the fiscal year to March 2024, for an increase of nearly 90 per cent over the past decade

India's textile exports to the US rose 9.1% in July as suppliers rushed shipments ahead of new tariffs though growth lagged Vietnam and Bangladesh, according to CITI

AI-enabled machines have features like precision stitching and predictive maintenance for improving production

The discussion touched upon a wide range of issues affecting the textile value chain

US President Donald Trump's tariff imposition decision gives India's textile industry a competitive edge as its competitors like Vietnam, Bangladesh and China will face higher tariffs

What's driving this surge? Partly, it's the rupee's depreciation versus the dollar, down nearly 3 per cent in 2024, which has made India's exports more attractive on the global stage

India's textiles and apparel exports, including handicrafts, grew 7 per cent during the April-October period to USD 21.35 billion, the government said on Thursday. The outbound shipments from the sector stood at USD 20 billion in the same period of the previous financial year, FY 2023-24. "The Ready Made Garments (RMG) category with exports of USD 8,733 million has the largest share (41 per cent) in the total exports (USD 21,358 million) during the period of April-October of FY 2024-25, followed by Cotton Textiles (33 per cent, USD 7,082 million), Man-Made Textiles (15 per cent, USD 3,105 million)," the Textiles Ministry said. Growth of exports was observed in all principal commodities during April-October of FY 2024-25, as compared to corresponding period of FY 2023-24, except wool and handloom, which declined by 19 per cent and 6 per cent, respectively, the Ministry said. Meanwhile, the overall import of textiles and apparel including handicrafts declined 1 per cent during the ..

India has set the target to reach $100 billion in textile exports by 2030

India likely to see volume of such exports inflate by $400 mn per month

This revival is mainly driven by major orders from global players like Primark, Tesco, George at ASDA and Decathlon

Pharmaceutical exports are targeted to double to $55 billion by FY30, from $27.84 billion in FY24, focusing on drug formulations and biologicals

Industry experts, however, foresee a reversal in the declining trend by July owing to moderating cotton prices and inflation in the West

In view to boosting the technical textiles sector in the country, the government has set up the National Technical Textiles Mission (NTTM) for a period of 4 years with an outlay of Rs 1,480 crores

Even as there is a slowdown in demand for Indian garments in the US and Europe, free trade agreement (FTA) with Australia is likely to provide a level-playing field for home textile exporters in 2022-23, according to a report. The build-up of inventories on account of the cut on discretionary expenditure and reallocation of expenses to services have reduced imports into the key US market, according to a India Ratings and Research (Ind-Ra) report. Consequently, the home textile segment continued to experience a demand slowdown, whereas other segments of cotton, apparel and man-made spinning continue to benefit from the China+1 sourcing and continuing US ban on the use of cotton from Xinjiang, China. However, given the discretionary nature of textile products, Ind-Ra expects the slowing demand in Europe, the US and other parts of the world to have an impact on textile exports. In addition, the report stated that small yarn players facing cotton availability issues are likely to get .

The minister said that last year, textile export was approximately USD 42 billion, while the target is to achieve USD 100 billion by next 5-6 years

Tiruppur contributed around 54.2 per cent of the country's textile exports last fiscal

How can India create 75 more Tiruppurs? What legacy has Pallonji Mistry left behind? Will fizz return to liquor stocks? What is tokenisation? All answers here

The small town of Tiruppur contributes about 90% of knit-wear exports from India. Govt now plans to create 75 textile hubs across India like Tiruppur. Find out the significance of this textile hub

Exports of ready-made garments during 2021-22 stood at $16 billion, an increase 30.4 per cent over previous year