The US imposed new Section 301 tariffs, placing India in the lower 10% category, with minimal overall impact on its exports, according to FIEO. However, India's textile sector requires close monitoring for future tariff-rate quotas affecting competing nations.
India's textile sector is poised for a multi-year upcycle driven by China+1 sourcing and trade deals. However, a 360 One Capital report cautions that sustained export gains depend on improving manufacturing scale, productivity, technical capability, and disciplined execution to overcome past failures and compete globally.
India's textile sector is experiencing significant growth, with the Production-Linked Incentive (PLI) scheme boosting local manufacturing. Imports of niche products have dropped, while exports of value-added items like clinical diapers and synthetic briefs have nearly tripled, reducing import reliance and expanding global market presence.
Biella's textile sector is preparing for the new EU regulation banning the destruction of unsold products. Safe, an circular economy hub, presented solutions like redesign and repurposing to local companies, highlighting existing initiatives and expertise in the field.
