New Delhi, Jan. 28 -- The India-European Union (EU) Free Trade Agreement (FTA) opens new opportunities for Indian textile and apparel exporters in the European market.

Under the FTA, India is set to gain zero-duty access for textiles and clothing across all tariff lines, with tariff reductions of up to 12 per cent.

Indian textile exporters currently face 10-12 per cent duty in the EU market as against its key rivals which get zero-duty access.

"It is a historic moment and will be a game changer for the Indian textile industry. As India already has a significant presence in the EU, duty-free access will create a level playing field to compete with Bangladesh, which already enjoys duty-free access. This will provide a definite boost to I...