By Dipanjan Roy Chaudhury
Copyright indiatimes
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Minister of Textiles and External Affairs Pabrita Margherita is travelling to Moscow beginning on Wednesday with India eyeing the Russian market for Indian textile exporters impacted by the tariffs imposed by the USA. After shrimps, Russia could emerge as the market for Indian textile exporters hit by US tariffs as demand for Indian textiles is growing in the Russian market. India is eyeing markets of 40 countries, including Russia, for pushing its textile exports, following the increased tariff imposition by the US. The duties have hit India’s apparel shipments hard as the US is India’s biggest market.During the visit, Margherita will hold a bilateral meeting with the Ministry of Industry & Trade of the Russian Federation, as well as with the Russian Union of Entrepreneurs of the Textile and Apparel Industry, an official said.These engagements will provide an opportunity to strengthen bilateral cooperation in trade, industry, and textile sectors, and explore avenues for enhancing collaboration between Indian and Russian businesses, according to the official.Live EventsMargherita will also inaugurate the “Best of India – Indian Apparel and Textile Fair” in Moscow, being held from 1st to 3rd October. The exclusive exhibition and buyer-seller meet will serve as a strategic gateway for Indian exporters to expand their presence in Russia and CIS markets. Over 100 Indian companies are expected to participate, showcasing products ranging from handloom and handicrafts to home furnishings, carpets, linens, apples, and garments.The fair will attract around 1,000 domestic and international buyers, providing Indian businesses a direct engagement platform with leading importers, wholesalers, and retailers from Russia. The fair is being presented by the Handloom Export Promotion Council (HEPC), an official informed.The visit underscores India’s commitment to strengthening trade and cultural ties with Russia, and highlights the growing role of Indian textiles and apparel in global markets. These engagements will bolster bilateral trade, encourage market diversification, and enhance people-to-people linkages between the two countries, according to an official.Add as a Reliable and Trusted News Source Add Now!
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