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\tThe Confederation of Indian Textile Industry (CITI) warmly welcomes the approval by the Union Cabinet on November 12 of the Export Promotion Mission that was announced in the Union Budget for the financial year 2025-26, since it will provide impetus for the growth of the textile and apparel sector.<\/p>\n
CITI has welcomed the Union Cabinet’s approval of the Export Promotion Mission, calling it a major boost for the textile and apparel (T&A) sector.
\nChairman Ashwin Chandran said it will enhance global competitiveness, support MSMEs, and create jobs.
\nThe move follows a 50 per cent US tariff that hit exports, which fell over 10 per cent in September 2025.<\/p>\n
\t\u201cWe convey our heartfelt gratitude to the Prime Minister and the Union Cabinet for this much-needed measure that will ensure that our textile and apparel sector can become globally competitive, better placed to leverage the opportunities opening through the FTAs, diversify into newer markets, and be able to create more and better-quality jobs for our young people\u201d CITI chairman Ashwin Chandran<\/i><\/b> said.<\/p>\n
\t\u201cComing in the backdrop of the optimism generated about the India-US trade deal being signed soon, the Export Promotion Mission announcement will further add to the feel-good factor for India\u2019s textile and apparel exporters,\u201d Chandran added.<\/p>\n
\tThe CITI chairman further said the Export Promotion Mission would address the structural challenges faced by India\u2019s textile and apparel MSMEs, many of whom find it difficult to access finance easily. The bulk of India\u2019s textile and apparel sector is made up of MSMEs.<\/p>\n
\tIndia has set itself a target of more than doubling textile and apparel exports to $100 billion by 2030. India\u2019s exports of textile and apparel products were worth nearly $38 billion in the financial year 2024-25.<\/p>\n
\tThe imposition of a 50 per cent US tariff on Indian goods, effective August 27, had taken a heavy toll on India\u2019s textile and apparel exports in September. The US is the single-largest market for India\u2019s textile and apparel exports, contributing almost 28 per cent to the total revenue of India\u2019s textile and apparel exporters. India\u2019s textile and apparel exports to the US stood at nearly $11 billion in 2024-25, CITI said in a release.<\/p>\n
\tAccording to CITI\u2019s analysis, in September 2025, Indian textile exports slid 10.45 per cent over the previous year, while apparel exports declined 10.14 per cent during the same period. Cumulative exports of textiles and apparel items during September 2025 declined 10.34 per cent over September 2024.<\/p>\n
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Fibre2Fashion News Desk (HU)<\/p>\n
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