The Union Textiles Minister Piyush Goyal has said that the country’s textile exports have started showing signs of growth after getting impacted due to issues like problems of foreign exchange in many countries and large inventories due to the Russia-Ukraine war.
He also expressed hope that exports of cotton and yarn would start reigniting from April.
“I have been engaged with export promotion councils regularly and the latest information is that most of the inventories are now consumed, economies are starting to get back into shape. I think the world has kind of learnt to live with the challenges and crisis…and the figures also seem to suggest that the exports are up again,” he said.
“We hope to see that also reigniting from April 1,” he added.
Talking to the media, the minister said that textiles exports have a twin problem. Many countries are facing foreign exchange problems post-Ukraine conflict, due to which many destinations have cut down non-essential imports.
Citing an example, he said an Indian consignment of 100 containers to Egypt came back as the African nation did not have foreign exchange to pay for it.
Many countries are not accepting non-essential goods from outside their territory, he added.
As per official data, ready-made garments of all textiles dipped by about 3.5 per cent in January to US $ 1.5 billion. However, during April-January this fiscal, it rose by 5.22 per cent to $ 13.4 billion.
Exports of cotton yarn, fabrics, made-ups and handloom products dipped by 28.7 per cent to US $ 9 billion during April-January this fiscal.
Bharat Tex Special Report 2026 
