Threads of Opportunity: Will Indian Textiles Benefit Again?
Ratin Biswass / 14 Nov 2024/ Categories: DSIJ_Magazine_Web, DSIJMagazine_App, Editorial, Letter to Editor, Letter to Editor
And with Trump back in office, its likely to gain renewed attention.
Following Donald Trump’s presidential win, discussions are surfacing about potential benefits for the Indian textile industry. Could you elaborate on this trend and provide further insights? - Santosh Singh [EasyDNNnews:PaidContentStart]
Editor Responds: You’ve raised a timely question. The recent discussions about the Indian textile industry’s potential benefits following Donald Trump’s presidential win stem from the tariff war initiated during his first administration. The ‘China Plus One’ strategy gained momentum after COVID-19 highlighted the risks of relying solely on China for global supply chains. This approach has been gradually influencing the market. And with Trump back in office, it’s likely to gain renewed attention.
India’s textile industry boasts a robust supply chain, skilled labour, and competitive pricing, positioning it as a strong player in the global market. The industry has already benefited from the shift, and experts believe Indian companies could capitalise on even greater opportunities this time around. Recognising these investment opportunities, we’re preparing a special feature on the textile industry in our upcoming magazine issue. Stay tuned!
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