Buckle up, textile titans: the India-EU FTA is here to flip the script. Industry stalwarts predict a total reconfiguration of the apparel ecosystem in 2-3 years, driven by a projected 30-40% export boom right off the bat.
AEPC head Premal Udani didn’t mince words: ‘This is the ultimate game-changer.’ The knockout punch? An instant end to the EU’s 11% tariff wall on Indian garments. Suddenly, India’s cost edge sharpens, ready to undercut Bangladesh in Europe’s fashion arenas.
Udani’s crystal ball shows factories firing on all cylinders, exports surging as buyers flock to value-packed Indian wares. Competitiveness isn’t just improved—it’s revolutionized.
Ramu AR of AEPC chimed in on the employment tsunami: ‘Big wins for workers everywhere.’ Tirupur, the export dynamo, is laser-focused on cracking Rs 1 lakh crore, a goal now tantalizingly close.
PM Narendra Modi dropped the bombshell Tuesday, touting the deal with 27 EU countries as India’s mega FTA milestone. Beyond trade tallies, it’s a prosperity playbook—easing paths for farmers, SMEs, manufacturers, and services into premium markets.
The PM visioned a cascade of investments, innovation handshakes, and bulletproof supply chains. This isn’t mere barter; it’s building bridges for shared futures in a multipolar world.
Exporters are wasting no time: scouting EU trends, greening operations, and forging alliances. The India-EU FTA catapults textiles from survival mode to dominance, scripting India’s next economic chapter with flair and foresight.