The GATS team highlighted Panipat's crucial role in global textile recycling by showcasing its extensive waste-to-product supply chain during the tour.
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Despite concerns about international commerce, India's retail industry had a 6 per cent gain in sales in March 2024 over the same month the year before, showing steady domestic demand.
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Land ports handled the shipment of over 30 per cent of the yarn, primarily special and dyed yarn, that India delivered to Bangladesh.
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The business emphasised its optimism over market circumstances by stating that it anticipates a revenue of Rs 5000 crore (US $ 586 million) once its textile plants in Telangana reach full production capability.
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With the goal of tripling outbound shipments to more than Rs. 5 lakh crore (US $ 58.7 billion) in five years, Uttar Pradesh is developing a new export strategy for 2025–2030. Capital subsidies, exporter sops, and a specific export promotion fund are all part of the policy.
