India Textiles To Get US Benefits Like Bangladesh, Official Says

India's textile sector is set to gain significant advantages as the United States will offer the same trade benefits to Indian textile exports that it has previously extended to Bangladesh. Commerce and Industry Minister Piyush Goyal announced this development, highlighting the importance of the textile industry as a key driver of India's economy. The move aims to enhance India's competitiveness in the global market, particularly in the lucrative US market, which is a major destination for Indian textiles. This decision is expected to boost exports, create jobs, and strengthen bilateral trade relations between India and the US. Goyal emphasized that this initiative aligns with the government's broader strategy to increase India's share in global textile exports and support local manufacturers. The extension of these benefits marks a pivotal moment for the Indian textile industry, which has been striving to recover from the adverse impacts of the COVID-19 pandemic. With the US recognizing India's potential, stakeholders in the textile sector are optimistic about the positive fallout from this development, as they prepare to leverage the new opportunities it presents.