The Indian
textile ministry sees the Free Trade Agreement (FTA) with the European Union
(EU) as one of the most promising measures to boost exports. It is for this
reason that it is in talks with the Commerce Ministry to urge the closing of
this agreement. It is speculated that once the FTA is implemented, it will help
increase the export of fabrics ,garments as well as Home textiles and will help
in dealing with the increasing competition with Bangladesh & China. This,
teamed with China’s downtrend in export growth will help India regain or improve
its original position in the arena of textile exports.
