India Eyes Textile Export Boom with FTAs and Global Partnerships

The Indian textiles sector is set to benefit from upcoming free trade agreements (FTAs) with the United States, United Kingdom, and European Union, according to Minister of State for Textiles Pabitra Margherita. Speaking at the inauguration of the 73rd India International Garment Fair (IIGF) in Yashobhoomi, Margherita highlighted the potential of these agreements to unlock new growth opportunities for Indian exporters. Margherita noted that India’s textile exports have surpassed USD 34 billion, with a target of reaching USD 100 billion by 2030. He emphasised the importance of equipping exporters with the right strategies, standards, and compliance measures to access high-value markets in the US, UK, and EU. The minister also outlined the sector’s significant contribution to the Indian economy, accounting for 2.3% of GDP, 13% of industrial production, and 12% of total exports. In the last financial year, apparel made up 42% of the country’s USD 34.4 billion textile exports. The 73rd IIGF, organised by the Apparel Export Promotion Council (AEPC), features more than 360 exhibitors and buyers from 80 countries. Margherita described the event as Asia’s largest garment fair, showcasing fabrics, fashion, creativity, and craftsmanship from across India. This year’s buyers represent regions including North America, Latin America, Europe, Asia, Oceania, Africa, and Eurasia. With over 80% of India’s textile sector driven by micro, small, and medium enterprises (MSMEs), the minister stressed the need to enhance productivity, secure raw material supplies, and reduce import dependence to maintain competitiveness. AEPC Chairman Sudhir Sekhri expressed optimism about the future of Indian garment exports, projecting that they could reach USD 40 billion by 2030. He highlighted the fair as a platform for promoting ‘Made in India’ brands and underscored the importance of policy support, innovation, and international collaboration. Sekhri also pointed to a 12.8% cumulative growth in apparel exports during the first two months of 2025-26, despite global challenges such as conflicts in the Middle East and Ukraine, logistical hurdles, tariff uncertainties, and economic slowdowns in several markets.