New Delhi, Apr 28 (BNP): India’s apparel industry is poised for strong export growth following the Free Trade Agreement (FTA) between India and New Zealand, with exporters expecting shipments to increase three to four times in the coming years.
Industry participants say the agreement will significantly improve market access by lowering trade barriers and enhancing price competitiveness for Indian apparel in New Zealand. The benefits are expected to be most visible in segments such as ready-made garments, fashion wear, and value-added textile products.
The pact is viewed as a strategic move that aligns with India’s broader export diversification strategy, aimed at reducing dependence on traditional markets and expanding presence in emerging regions. It is also expected to strengthen India’s competitive position by offering tariff advantages over rival supplying countries.
While current apparel exports to New Zealand remain limited, industry experts believe the FTA will help unlock new demand and create fresh business opportunities for exporters and manufacturers.
The agreement is also likely to encourage investment in production capacity, product design, and supply chain efficiency, supporting sustained export-led growth.
Overall, the development is seen as a positive step toward deepening India’s trade engagement with the Oceania region and expanding its global footprint in the textiles and apparel sector.
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