Textile Industry Welcomes India–US Interim Trade Agreement
New Delhi: The textile industry has welcomed the Interim Trade Agreement reached between India and the United States, calling it a significant step toward strengthening bilateral trade and boosting domestic manufacturing.
Anil Rajvanshi, Director of Alok Industries Limited and President of Reliance Industries Limited, said the agreement is expected to substantially increase business between India and the United States. He noted that the textile sector stands to gain considerably from improved market access and smoother trade processes under the new framework.
According to Mr. Rajvanshi, the deal will benefit over 4.5 crore people associated with the textile industry, ranging from farmers and weavers to manufacturers and exporters. He emphasized that the agreement will not only expand trade volumes but also enhance productivity and competitiveness across the sector.
“The framework will generate new employment opportunities and strengthen the overall value chain of the textile industry,” he said, expressing confidence that the agreement would further solidify economic ties between the two nations.
Industry stakeholders believe the Interim Trade Agreement could pave the way for long-term collaboration, increased investments, and sustainable growth in one of India’s largest employment-generating sectors.
