Textile exporters optimistic on US-China war
Surat-based textile exporters are highly optimistic regarding potential gains from the US-China trade agreement in fabric and readymade garment exports to the US. According to Synthetic & Rayon Export Promotion Council (SRTEPC), textile exports could grow by around 25% in 2019-20 due to the US-China trade war.
The US hike on US$ 200 billion worth of Chinese imports includes textile-related chapters 50-60. India would have an advantage in this regard as it is the largest exporter of man-made fibre (MMF) textiles to the US. However, the industry is also concerned about the possibility of China dumping cheap textiles into India.