Indian exporters are ramping up their production capacity. This includes getting into the manmade fiber segment, lowering their cost of production and working on meeting global standards.

Indian apparel exports rose by about 32 per cent during April to June this fiscal as against the same period last year. Free trade agreements with countries including the UAE, Australia and the UK are expected to help neutralise the advantage which India’s competitors used to enjoy in some of the important markets. Now the apparel sector is awaiting the new Technology Upgradation Fund Scheme and the production-linked incentive scheme.

Efforts are being made toward promoting brand India at various global platforms as a trusted supplier by showcasing its strength on sustainability, circularity and ethical sourcing. The demand for Indian textiles in the domestic and overseas markets is high.Especially after the pandemic, one sector under textiles which has really got a boost has been home textiles.

The seven mega textile parks that have been launched are aimed at reducing the high logistics costs as well as the fragmented value chain which obtains now. Most of India’s major exporting destinations like the US and EU are going for a China plus one strategy, which will prove to be beneficial for India.