New Delhi, Dec. 23 -- The Confederation of Indian Textile Industry (CITI) has welcomed the conclusion of the Free Trade Agreement (FTA) negotiations between India and New Zealand, stating that the pact could open new growth avenues for the country's textile and apparel sector, particularly as exporters seek to diversify into newer markets.

Zero-Duty Access and Trade Potential

Under the FTA, India will receive zero-duty market access for 100 per cent of its exports to New Zealand.

In 2024, India was the third-largest exporter of textile and apparel products to New Zealand, after China and Bangladesh, with exports valued at USD 138.65 million. Industry representatives believe duty-free access could improve the competitiveness of Indian p...