TEXPROCIL welcomes the historic India–US Bilateral Agreement, a major milestone under the visionary leadership of Hon’ble Prime Minister Narendra Modi ji. TEXPROCIL expresses its sincere gratitude to Hon’ble Minister of Commerce & Industry Piyush Goyal ji and Hon’ble Minister of Textiles Giriraj Singh ji for their tireless efforts and steadfast support to the textile industry.

The India–U.S. Interim Agreement framework has secured a significant win for India, with reciprocal tariffs reduced to 18% for several Indian goods, particularly in labour-intensive sectors such as textiles. The framework also safeguards national interests by protecting sensitivities in the agricultural sector, ensuring the interests of Indian farmers remain secure.

Vijay Agarwal, stated that the Government has assured us that if a similar deal as Bangladesh is finalized, India will also receive the same kind of agreement. This is expected to significantly boost our exports and substantially increase the demand for Indian cotton. As a result, Indian farmers especially cotton growers will have an advantage and greatly benefit from the emerging opportunities.

He further clarified that India was already a major importer of US Cotton especially Extra Long Staple varieties which are not grown in viable commercial quantities in India but are required for production of high value and high-end textile items. India has also been a regular importer of US upland cotton as per the needs and requirements of the market. Thus, the scheme permitting zero duty imports of Cotton Textiles into USA against cotton procured from them will in no way affect the Indian Cotton farmers, he added.

On the other hand, with the expected exponential rise in demand for Indian Textile products on account of the landmark FTA'S signed by India with the European Union, (EU), United Kingdom (UK) and others, the consumption of cotton will increase and the Indian cotton farmers will reap the advantage of huge demand and higher sales at very competitive prices.

TEXPROCIL looks forward to working closely with the Government and industry stakeholders to effectively leverage this framework and ensure sustained growth and long-term benefits not only for India’s cotton textile industry but also the farm sector.