Indian Textile Industry Resilient Amid U.S. Tariff Challenges
Indian textile exporters remain optimistic despite U.S. tariffs, citing opportunities in new markets through free trade agreements. Industry leaders urge government support to strengthen resilience, highlighting possibilities in Europe, Africa, and Asia. Traders are confident in overcoming challenges by reducing costs and enhancing competitiveness.
- Country:
- India
Amid the imposition of 25 percent tariffs by the United States under President Donald Trump, Indian textile exporters express confidence in compensating potential losses through strategic free trade agreements with other nations.
Champalal Bothra, National Chairman of the Confederation of All India Traders, assured that the textile sector remains strong and adaptable, emphasizing the industry's ability to find new markets and reduce costs.
Bothra and other industry leaders urge the Indian government to implement supportive policies for micro, small, and medium enterprises to tap into opportunities in Europe, South Africa, and Asia, ensuring continued growth despite global trade hurdles.
(With inputs from agencies.)
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