6 months ago
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The textile and garment assemblage has welcomed the announcements made by the authorities successful enactment of MSMEs, particularly exporting MSMEs.
A. Sakthivel, vice-chairman of the Apparel Export Promotion Council, said the Export Promotion Mission (EPM) is approved with an outlay of ₹25,060 crore for the play FY 2025–26 to FY 2030–31. The EPM introduces a comprehensive, flexible, and integer model by consolidating large schemes specified arsenic Interest Equalisation Scheme (IES) and Market Access Initiative (MAI) into a single, outcome-based mechanism.
Further, important attraction volition beryllium fixed to textiles, leather, gems and jewellery, engineering goods, and marine products, helping prolong export orders, support jobs, and unfastened caller markets.
This inaugural volition heighten entree to finance, amended marketplace readiness, fortify India’s export ecosystem, and make large-scale employment, providing caller momentum to India’s export growth, helium said.
According to the Confederation of Indian Textile Industry (CITI), the manufacture volition beryllium capable to diversify to caller markets. Ashwin Chandran, its chairman, said “Coming successful the backdrop of the optimism generated astir the India-U.S. commercialized woody being signed soon, the Export Promotion Mission volition adhd to the feel-good origin for India’s textile and apparel exporters,” Mr. Chandran added.
The CITI Chairman further said the Export Promotion Mission would code the structural challenges faced by India’s textile and apparel MSMEs, galore of whom find it hard to entree concern easily. The bulk of India’s textile and apparel assemblage is madeup of MSMEs.
The imposition of a 50% U.S. tariff connected Indian goods, effectual August 27, had taken a dense toll connected India’s textile and apparel exports successful September. According to CITI’s analysis, successful September 2025, Indian textile exports slid 10.45% implicit the erstwhile year, portion apparel exports declined 10.14% during the aforesaid period.
Cumulative exports of textiles and apparel items during September 2025 declined 10.34% implicit September 2024.
