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The Confederation of Indian Textile Industry (CITI) has said that India's textiles and apparel exports in July 2024 grew by 4.73 per cent to $2,937.56 million compared to the same month last year mainly driven by an increase in demand for apparels. Textiles and apparel exports stood at $ 2,805.01 million in July 2023.

It stated while the textile exports were steady at $ 1,660.36 million in July compared to $ 1,663.06 million, apparel shipments during the month surged by 11.84 per cent to $ 1,277.20 million from $ 1,141.95 million during the same time last year. CITI Chairman Rakesh Mehra said This year has shown promising progress for India's T&A exports, particularly when compared to last year. The growth in exports is largely attributed to the expanding share of Indian apparel in key markets such as the US, alongside increased exports to the European Union and the UK.  

The industry, he said, remains optimistic about export orders in the upcoming months, and is poised to further leverage the concluded Free Trade Agreements (FTAs) like the India-Australia Economic Cooperation and Trade Agreement (ECTA) and the India-UAE Comprehensive Economic Partnership Agreement (CEPA). He added these agreements are expected to provide additional momentum to our exports. The industry anticipates continued growth and is strategically positioning itself to capitalise on these opportunities, ensuring that India remains a key player in the global textiles and apparel market.