Related Keywords: Assocham, European Union countries and US, Indian textile industry, industry body, offset negative impact from TPP accord, sign FTAs, textile exports
Indian textile industry to touch its potential of $500 billion by 2025 from the current level of $110 billion, Assocham, industry body advocated signing of FTAs with European Union countries (EU) and entering agreement with the US to offset the negative impact from theTrans-Pacific Partnership (TPP) accord on textile exports.
The chamber has stated that the estimated $500 billion potential consists of domestic sales of $315 billion and exports of $185 billion.
India’s garment exports to the US accounts for 20-35 percent.
