INDIA-JAPAN TEXTILE TRADE AND INVESTMENT COLLABORATION
India is inviting Japanese textile companies to invest in PM-MITRA parks. In 2024, India’s exports of textiles and clothing to Japan reached $354 million, while Japan’s total imports in the same sector were $30.87 billion. (Source: UNCOM Trade database)
India and Japan signed a CEPA in 2011 to cut tariffs and other trade barriers, simplify export processes, and help Indian exporters be more competitive in Japan and other markets.
During a recent visit to Japan By Indian officials, meetings were held with major Japanese companies in different areas of the textile industry. These companies were encouraged to invest in PM-MITRA parks, which provide modern textile infrastructure. The companies involved include those in apparel, machinery, technical textiles, and fabric processing.
The government is working on several programs to help grow the Indian textile sector.
These include the PM MITRA Parks Scheme, which creates world-class textile facilities.
Coimbatore: India exported textiles and apparel worth $354 million to Japan in 2024, while Japan’s total imports in the sector stood at $30.87 billion, the Centre informed Parliament on Tuesday. Responding to a question raised by DMK MP Dayanidhi Maran in Lok Sabha, minister of state for textiles Pabitra Margherita said efforts were under way to boost India’s share in Japan’s textile market through trade facilitation measures and strategic investments.
To improve market access, India and Japan signed the comprehensive economic partnership agreement (CEPA) in 2011, aimed at reducing tariffs and simplifying procedures for exporters. Margherita said during a recent high-level visit to Japan, Indian officials held discussions with several leading Japanese firms in the textile value chain — from apparel and machinery to technical textiles and fabric processing. These companies have been invited to invest in the govt’s flagship PM-MITRA Parks, designed to offer world-class textile infrastructure.
The minister cited the production linked incentive scheme as a key incentive to scale up manufacturing in MMF fabrics, MMF apparel, and technical textiles.
