Indian Textile Industry Seeks Government Aid to Counter US Tariffs, Boost Exports

• The Indian textile and apparel industry has submitted policy recommendations to the government to mitigate the impact of steep US tariffs.
• A CITI survey highlights the need to fast-track the India-UK Comprehensive Economic Partnership Agreement (CETA) and introduce a dedicated handholding scheme for exporters.
• Industry stakeholders are requesting an extension of financial relief measures, including a moratorium on installments and credit support, until March 31, 2026.
• There's a call to increase the interest subvention rate from 2.75% to 5% and extend collateral-free loans under ECLGS by 30%.
• High logistics costs, limited market knowledge, and payment risks are identified as key barriers slowing the industry's transition.

Why It Matters: Indian textile industry seeks urgent government support to overcome US tariff challenges and enhance global market reach.