New Delhi, Feb. 7 -- The Textiles Ministry on Saturday described the landmark trade agreement between India and the United States as a major catalyst enhancing textile trade relations between the two countries and hoped that it could be a major economic game changer for the sector.
For textiles exports, it opens up a 118 billion USD US global market of imports of textiles, apparels and made-ups. With the US being India's largest export destination of around 10.5 billion USD exports, comprising around 70 per cent apparel and 15 per cent made-ups, this is a major opportunity.
It is expected to play a pivotal role in India achieving its intended target of 100 billion USD exports in 2030. The deal is expected to provide the requisite momentum...