CITI seeks govt aid to help textile exporters cope with 50% US tariffs

CITI has urged the government to extend immediate fiscal support to textile exporters hit by US tariffs, warning of risks to jobs, forex earnings and export targets

The Confederation of Indian Textile Industry (CITI) has sought immediate upfront support from the government to address the challenge posed to India’s textile and apparel exporters by the 50 per cent US tariff on Indian goods coming into effect from Wednesday.

 

“The government has been discussing with industry on how it can come to our aid during this critical juncture. But given the gravity of the situation, it is our expectation that concrete measures in the form of fiscal support and policy decisions related to raw material availability will be taken immediately,” CITI Chairman Rakesh Mehra said.

 

“At stake are