India is poised for strong growth in the textiles and apparel sector, currently valued at $179 billion, in this decade, supported by an expanding network of free trade agreements (FTAs), according to A. Sakthivel, Core Committee Member, Bharat Tex Trade Federation (BTTF).
During a press briefing for BTTF in the capital on Monday, Sakthivel said India is expected to sign up FTAs with 27 more countries this year, taking the total number of partner countries to 38. “This means that India’s FTAs will cover nearly 65% of the world population. We are going to see a big boost in our exports. We have already advised exporters to increase capacity to meet the expected demand. We are very optimistic that India will do well,” he said.
