US sanctions bill may threaten India’s textile exports; CITI calls for urgent government engagement

The Confederation of Indian Textile Industry (CITI) said any additional tariffs under the legislation could severely affect India’s textile and apparel exporters, for whom the US is the largest market. “Any additional tariffs under this Act will be very difficult to absorb for the MSME-dominated Indian textile and apparel sector already under stress due to several factors, including the continuing turmoil in West Asia,” CITI Chairman Ashwin Chandran said in a statement on September 19. Chandran said higher tariffs could affect Indian exporters’ ability to compete in the US market, which remains the industry’s most significant overseas destination. CITI has…