Leather and Apparel Industries Rejoice Over Competitive Edge in US Market

Following the adjustment in tariff rates, India's leather goods, non-leather footwear, and apparel sectors are poised for significant revenue growth in the US. This strategic advantage positions India favorably against competitors like China, Vietnam, and Bangladesh, opening new avenues for contract manufacturing with global brands.

Carpet Makers Face Uncertainty Amidst Tariff Disparities

However, the carpet industry, particularly hand-crafted exports to the US valued at $1.2 billion, faces potential losses. The lower tariffs on Turkey, Azerbaijan, and Nepal could render Indian products less competitive, threatening the survival of many units in this labor-intensive sector.

Government Intervention Sought to Mitigate Impacts

Industry leaders like Rudra Chatterjee of Obeetee highlight the urgent need for government negotiation during bilateral trade talks to secure lower tariffs for carpets, emphasizing the long-term challenges in diversifying markets.

Textile Sector Eyes Growth Despite Competitive Landscape

The Apparel Exports Promotion Council remains optimistic about India's textile exports, which stand at $33.2 billion, with the US accounting for 30%. The sector's intrinsic strengths and complete value chain are expected to counteract the competitive edge held by Brazil, Turkey, and certain EU countries.