Textile sector to sew loose ends as FTAs kick in
The UK free trade agreement eliminates tariffs of up to 12% on Indian textile exports, effective Wednesday.
Indian exporters have long-standing relationships with UK buyers like Primark, Next, Tesco, and M&S, enabling immediate order ramp-up.
The Indian Texpreneurs Federation expects exports to double within four to five years due to the FTA.
Fragmented supply chains and higher input costs, especially for man-made fibre, challenge India's competitiveness against rivals like Bangladesh and Vietnam.
Industry experts suggest government incentives could strengthen the domestic MMF fabric ecosystem and cotton supply chain.
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