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CITI urges innovation to boost India textile & apparel exports

Insights

CITI deputy chairman Ashwin Chandran urged India's textile and apparel sector to scale innovation and sustainability to boost global competitiveness and meet the $100 billion export target by 2030, despite US tariffs.
At a CITI-WRA-Infinited Fiber webinar, WRA showcased smart wearables and gear, while Infinited Fiber presented Infinna, a recyclable cotton-like fibre.

Multi-Pronged Strategy Will Be Key To Sail Through Challenging Times For T And A Industry

Amid trade disruption caused by Trump’s tariff imposition, the Indian Textiles & Apparel sector is gearing up to revisit its strategy in order to reset its goals going forward. The exporters as well as manufacturers have started recalibrating trade strategies amid these global uncertainties. The companies are devising strategies to adapt to evolving market dynamics, with majority of them shifting their focus toward domestic clients, prioritizing local customer needs to ensure stability.

US tariffs-India eyeing markets of 40 nations for pushing textile exports, says Giriraj Singh

Synopsis

Following the US imposition of 50% tariffs, India is targeting 40 countries with a combined textile import market of $600 billion to boost its exports. The government is also leveraging free trade agreements with 15 nations. Despite challenges, India aims to compete globally, striving to increase its current 4% share of the $800 billion global textile market.

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