ANI
13 Nov 2025, 18:38 GMT+10
By Vishu Adhana
New Delhi [India], November 13 (ANI): Import of ready-made garments from Bangladesh fell sharply by 27 percent to USD 257 million during April-September 2025, compared to the same period the previous year, in the wake of restrictions imposed by the Indian government that helped boost the domestic market.
Sources in the Ministry of Textiles said the move helped cushion the impact of the US tariffs, as the import restrictions coupled with GST reforms encouraged the domestic industry.
India's global exports of textiles, apparel, and made-ups grew marginally by 0.1 percent during April-September 2025, compared to the corresponding period in 2024.
The government, on May 17, restricted the imports of RMG from Bangladesh and allowed only from Kolkata and Nhavasheva ports. Notably, 40 percent of RMG is imported from Bangladesh. Bangladesh's annual RMG exports to India are worth about $700 million, and 93 percent of these goods are exported through land ports.
The RMG imports from Bangladesh dropped from 327 USD million to 257 million USD during April to September 2025.
'The import in April-September 2025 reduced by 27 percent compared to the corresponding period of previous years. The restrictions, in addition to GST reforms, have supported the domestic industry,' sources at the ministry told ANI.
The officials at the ministry said that the government has taken several steps to support the textile industry reeling from the effects of US tariffs, including market diversification, GST reforms and ease of doing business.
Textiles sector exports during April-September 2025 grew in 111 countries, off-setting losses in the US market.
Some of the large export markets for India, which clocked impressive growth rates were UAE (14.5%), UK (1.5%), Japan (19.0%), Germany (2.9%), Spain (9.0%) and France (9.2%). On the other hand, some of the other markets that recorded higher growth rates were Egypt (27%), Saudi Arabia (12.5%), Hong Kong (69%) etc.
These 111 markets contributed USD 8,489.08 million during April-September 2025, compared to USD 7,718.55 million in the previous year--reflecting a 10% growth and an absolute increase of USD 770.3 million.
'The push for diversification came after the US tariffs. The ministry encouraged the industry to explore newer markets, sent delegations abroad, and engaged Indian embassies to promote textile exports,' an official said.
The government has also extended the export obligation period for advance authorisation holders with QCO exemption from six months to 18 months. Additionally, the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme has been extended till March 31, 2026, to enhance the competitiveness of Indian textile products.
The key sectors driving export growth included ready-made garments (3.42 per cent) and jute (5.56 per cent), reflecting the sector's adaptability and competitiveness amid global trade uncertainties. (ANI)
Get a daily dose of Chile Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Chile Sun.
More InformationANAPA, Russia: Russians are increasingly turning to homegrown wines as Western sanctions reshape consumer habits and limit access to...
Gaborone [Botswana], November 13 (ANI): President Droupadi Murmu observed a one-minute silence in memory of the victims of the Delhi...
New Delhi [India], November 13 (ANI): Argentina's Ambassador to India Mariano Caucino conveyed a message of condemnation over the terrorist...
New Delhi [India], November 13 (ANI): The Ambassadors of Switzerland and Argentina expressed condolences and said that they stand with...
Caracas has ordered a massive deployment of troops following the arrival of the American naval armada to the region ...
(Photo credit: Kim Klement Neitzel-Imagn Images) Orlando City signed midfielder Wilder Cartagena to a new contract Wednesday through...
DUBLIN, Ireland: Catherine Connolly was sworn in as Ireland's 10th President, pledging to ensure that all voices are represented, heard...
The US president has threatened the British state-funded broadcaster with a $1 billion lawsuit for misleadingly editing his speech...
By Vishu Adhana New Delhi [India], November 13 (ANI): Import of ready-made garments from Bangladesh fell sharply by 27 percent to...
Kabul [Afghanistan], November 13 (ANI): Afghanistan's Foreign Minister Amir Khan Muttaqi on Thursday blamed Pakistan for the failure...
Fundamental decisions will be made at the gathering even if the US is absent, President Cyril Ramaphosa has said Washington's decision...
Kolkata (West Bengal) [India], November 13 (ANI): Team India captain Shubman Gill weighed in on the importance of the upcoming two-match...
