India has gained an advantage over China and Vietnam in overall textile exports to the US because of lower power and water costs.

Moreover, orders for spindles are shifting from China to other countries, especially India, after the US banned imports from the Chinese manufacturing hub of Xinjiang because the products were produced with forced labour.

The year 2022 was an eventful year for the Indian textile sector. Under the National Technical Textile Mission (NTTM), 74 research proposals were approved in the category of specialty fiber and technical textiles. Seven PM Mega Integrated Textile Region and Apparel (PM MITRA) parks have been approved to develop world-class infrastructure including plug-and-play facilities with an outlay of Rs 4445 crores for a period up to 2027-28. The guidelines in respect of the scheme have been published. Proposals from 13 states have been received. A total of Rs 621.41 crores in subsidy were released in 3159 cases under the Amended Technology Upgradation Fund Scheme and special campaigns were organized at major clusters for settling backlog cases. A total of 73919 persons have been provided training of which 38823 persons were provided placement under the Samarth scheme for capacity building in the textile sector.