Indian Textile Industry Seeks Government Aid to Counter US Tariffs, Boost Exports
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News18•28-01-2026, 14:45
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.
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