INDIAN TEXTILE EXPORTERS TARGETING HIGHER EXPORTS TO AUSTRALIA
News: As per media reports, in anticipation of signing a full FTA , a delegation of Indian apparel and textile exporters are likely leave for Australia in October to engage with and build the supply network with major clothing brands in Australia.
Views: The interim free trade deal between India and Australia, signed on 2 April, 2022 provides India duty-free access on 95% tariff lines, including textiles. The Indian textile and apparel industry is looking at 20% growth in exports to Australia in 2023-24. Factors like removal of tariff, duty free access and likely peak China +1 sentiment in Australia are expected to provide Indian apparel exporters access to new customers from the Australian market which is likely to aid the growth of textile and apparel exports from India.
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