India’s Textile Exports Drop 12.9% in October as US Tariffs Bite, Industry Calls for Relief
Share Post
India’s textile and apparel exports fell sharply by about 12.9% in October, mainly because of steep US tariffs. The United States is a key market for Indian textile makers, but the new 50% duty imposed by the US has cut demand and forced many exporters to renegotiate or cancel orders. This tariff shock has rattled the industry, especially because it comes in a month of already weak global demand.
To cope with the crisis, India’s major textile trade bodies are demanding urgent support from the government. The Confederation of Indian textile industry (CITI) has asked the Reserve Bank of India to include spinning, weaving, and processing units in its recent trade relief measures. Meanwhile, the Apparel Export Promotion Council (AEPC) wants a five-year extension of financial schemes like the Interest Equalisation Scheme and RoSCTL (rebate of state and central taxes).
The AEPC has also proposed creating a Market Diversification Fund so exporters can explore new markets through trade fairs and buyer-seller meetings. Moreover, they are asking for duty-free import of textile machinery, especially green and sustainable machines, to boost technology upgrades. These measures aim to help keep production competitive, reduce costs, and maintain export volumes.
Industry leaders warn the situation may worsen unless relief comes quickly. They predict shrinking orders will continue through November and December, estimating a further drop of 15–20% unless support arrives. A turnaround may come only after a possible India-US bilateral trade agreement, which could ease the tariff burden. In the meantime, trade bodies hope the government’s help will sustain the export ecosystem and protect jobs in the textile sector.
05:46 PM, Nov 20
Source : India’s Textile Exports Drop 12.9% in October as US Tariffs Bite, Industry Calls for Relief
1.webp)
1.webp)
1.webp)
1.webp)
1.webp)
1.webp)
1.webp)
1.jpg)
.png)
.jpg)
.jpg)
.jpg)
1.jpeg)