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India’s Textile Industry Prepares for Expected EU FTA Gains

India’s Textile Industry Prepares for Expected EU FTA Gains
India textiles make EU push ahead of FTA · thehindubusinessline.com

India is preparing for a possible trade agreement with the European Union.

The agreement is expected to begin early next year.

Indian textile officials visited France and Italy to meet European businesses.

They spoke with retailers, clothing brands and luxury companies.

Indian exporters hope the agreement will reduce or remove some import duties.

This could make Indian clothing and textile products more competitive in Europe.

A new partnership will also connect India with international fashion and sourcing groups.

Officials are proposing a centre in Milan to help Indian exporters work more closely with European buyers.

Key facts

Expected FTA timing
The India-European Union Free Trade Agreement is expected to come into effect early next year.
EU textile and apparel imports
Approximately $292.8 billion in 2025.
India’s textile and apparel exports to the EU
Approximately $10.4 billion.
Paris retail meeting
The delegation met Monoprix, which operates more than 500 stores across France.
Children’s fashion meeting
The delegation met Okaidi, which operates around 890 stores across 51 countries.
New partnership
Bharat Tex Trade Federation and Première Vision SA signed a multiyear institutional partnership agreement on September 2.
Proposed Milan initiative
An Immersion Centre would connect Indian exporters with European buyers, brands and industry stakeholders.

Sources

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