India Targets Global Textile Market Comeback

The strategy centers on revitalizing the domestic man-made fiber ecosystem and leveraging the Production Linked Incentive schemes to modernize production capacity. These efforts are designed to move the sector beyond its current plateau and challenge established regional rivals like Bangladesh and Vietnam.

India currently holds a distinct competitive edge in the U.S. market, where its tariff structures remain more favorable than those applied to Chinese exports. Looking ahead, the government’s focus on finalizing free trade agreements with the European Union and the United Kingdom remains the primary lever for growth. Removing import duties in these regions would significantly lower barriers for Indian manufacturers, allowing them to capture market share that has long been dominated by lower-cost exporters.