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Date: 19/11/2024

Textile exporters hoping for increased US market share

India’s textile exporters are optimistic about the return of Trump to the White House and hope that his plan to reduce dependency on China will enable them to prise out a greater share of the American market. This coincides with the political turmoil in Bangladesh, a major textile exporter, with top global fashion brands diversifying their sourcing. The US accounted for 27% of the sector’s exports in 2023. In October 2024, textile exports rose 11.56% year-on-year, while apparel exports surged 35.06%. Cumulatively, T&A exports to the US between April and October 2024 grew 7.08% compared with the same period in 2023, as per a report.

Source: Exim News Service; New Delhi, Nov. 18