India’s exports of textiles and apparel, including handicraft products, rose to more than 33.5 billion dollars in the 2025-2026 financial year, reflecting sustained growth in the sector.
This was reported on Thursday by the News Agency of Nigeria (NAN) partner, TV BRICS, citing the Parliament of India.
The country’s textile and apparel exports stood at about 30.7 billion dollars in the 2023-2024 financial years, translating to a compound annual growth rate of 4.7 per cent.
India’s Minister of State for Textiles, Pabitra Margherita, said the country’s textile products were exported to more than 100 countries during the 2025-2026 financial years.
Margherita said the government was working closely with industry stakeholders to improve the global competitiveness of India’s textile and apparel sector.
He said the government was implementing an export promotion and market diversification strategy targeting 40 priority countries.
The minister also said import duties on cotton had been suspended from June 1 to Oct. 31, 2026, to ensure adequate supply of raw materials for domestic textile and apparel manufacturers.
According to him, the government has also approved a programme to improve productivity in the cotton sector from the 2026-2027 to the 2030-2031 financial years.
He said the initiative would address production bottlenecks, improve efficiency and enhance the quality of Indian cotton to strengthen the industry’s competitiveness.(TV BRICS/NAN)
Edited by Halima Sheji