West Asia truce seen reviving India textile exports as Hormuz reopens, input costs ease
CITI projects FY26 textile exports at Rs 3.16 lakh crore as a West Asia peace deal restores Strait of Hormuz shipping and softens polyester (+25%) and cotton costs. Apparel shipments fell 11.66% YoY in April; Tiruppur, holding 90% of cotton knitwear exports, stands to gain alongside FTA-led diversification beyond UAE.
What happened
Confederation of Indian Textile Industries · West Asia peace deal expected to revive India's textile and apparel exports, easing polyester and cotton input
Key facts
- Rs 3.16 lakh crore FY26 exports
- polyester +25%
- apparel -11.66% YoY April
- Tiruppur 90% cotton knitwear share
Why this matters
Pursue FTA-led buyer diversification beyond UAE and evaluate bolt-on acquisitions in Tiruppur knitwear to consolidate the 90% cotton export base ahead of the projected volume recovery.