Indian textile industry is likely to be hit hard by the tariff war initiated by the US president Trump. But Prime Minister Narendra Modi has made it loud and clear that India is not going to bow down to any pressure. US tariffs are likely to severely impact one-fourth of India's textile exports in the next six months, according to experts, even as traders grapple with order cancellations in their biggest export market. Now the Indian textile industry is picking up the threads as the Indian Consulate General in Shanghai Pratik Mathur aptly puts it that the thread of prosperity is weaving stronger ties with China.
CG Pratik Mathur visited the Yarn Expo in Shanghai on Tuesday, the largest of its kind in the world. The Yarn Expo at Shanghai is bringing the confidence back in the Indian textile industry. The expo is the largest of its kind in the world. This time over 30 Indian companies are participating across a variety of sectors of the textile value chain including yarn and fabric manufacturers from PM Modi’s own Lok Sabha constituency of Banaras. India’s presence at the Global Expo is shining the spotlight on our vibrant textile innovations such as contamination-free and completely traceable Kasturi cotton.
China is a global leader in textile production and trade, known for its massive scale, cost-effectiveness, and integrated ecosystem, which makes it a dominant exporter of fabrics, yarn, and finished garments worldwide is seen as the new partner in this industry. Indian presence across weaves, yarn and fabric sectors at the Textile Mega event echoes our visionary ‘Make in India’ ethos, empowering global partnerships and enduring supply chains. India's textile exports to the region soar impressively, boosting regional trade and economic synergy. India continues to strive for creating sustainable growth opportunities driven by PM's call for AtmaNirbharta with a goal of creating Viksit Bharat by 2047.
India's textile and apparel (T&A) exports reached $37.7 billion in 2024-25, contributing 8.63% to total merchandise exports, with the United States and the EU as major destinations. The country ranks as the world's sixth-largest T&A exporter, with a global trade share of around 4.1-4.5%. Key export categories include cotton textiles, readymade garments, and man-made textiles, while recent growth has been driven significantly by the apparel sector.
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