The agreements will stimulate Indian textile and apparel exports

The agreements will stimulate Indian textile and apparel exports

In 2021, Indian textile and apparel export value reached $41.45 billion, up 39.6% from previous year, hitting a multi-year high.

Textile and apparel exports to UAE increased by 29.1% from 2020 to $2.68 billion, a new high since 2018, taking a share of 6.5% in its total exports, down 0.5 percentage point year on year. The CEPA will stimulate the textile and apparel exports to UAE and the proportion may also increase.