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India Textile Sector Rises as Port Curbs on Bangladesh Unlock Rs 1,000 Crore Growth Opportunity

A wave of optimism swept across the Indian textile market as shares of key textile companies soared, driven by expectations of a substantial boost in domestic business. The surge follows India’s recent restriction on garment imports from Bangladesh through land ports, a move that is anticipated to redirect over Rs 1,000 crore worth of trade to Indian manufacturers.

Stocks of leading textile firms reflected the upbeat sentiment. Siyaram Silk Mills led the rally with a remarkable 10 percent jump, touching an intraday high of Rs 797.35. Close on its heels, shares of Faze Three climbed by 6.8 percent, reaching Rs 667, while Vardhman Textiles and Redtape also witnessed a healthy 6 percent rise during the trading session.

Market experts believe the policy shift will favour Indian textile companies by reducing import dependency and opening up fresh demand across domestic and export markets. With the removal of competition through land routes, Indian manufacturers are better positioned to capture orders, especially in segments like ready-made garments and home textiles.

Investors see this as a timely opportunity, especially for firms with strong production capabilities and quick market turnaround. The sentiment is also strengthened by recent developments like improved export incentives, growing global interest in India as a sourcing hub, and the industry’s rising compliance with global sustainability norms.

The port restrictions, though strategic in nature, have triggered a rally that signals market confidence in India’s textile strength. As domestic firms gear up to scale production and tap into this redirected demand, the move is being viewed as a catalyst for revival and expansion within the sector. With over Rs 1,000 crore worth of potential inflow on the horizon, the textile industry is stitching a fresh growth story one driven by opportunity, resilience, and renewed investor trust.

  02:39 PM, May 20

Source : India Textile Sector Rises as Port Curbs on Bangladesh Unlock Rs 1,000 Crore Growth Opportunity
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