Indian textile and apparel companies are stepping up expansion plans in Europe and the UK as upcoming free trade agreements (FTAs) are expected to improve India’s competitiveness against rival sourcing hubs such as Bangladesh and Vietnam.
According to a report by The Times of India, companies including Gokaldas Exports, KPR Mill, Arvind, Welspun Living, Vardhman Textiles and Pearl Global Industries are seeing stronger export opportunities in these markets and are increasing efforts to build their presence locally.