India Strengthens Textile Trade Relations with Russia

Expanding India's Textile Presence in Russia

On October 1, the Indian government is intensifying its initiatives to enhance the country's textile presence in Russia, encouraging Russian buyers to establish stronger connections with Indian suppliers.

To promote this vision, Pabitra Margherita, the Minister of State for External Affairs and Textiles, inaugurated the Indian Apparels & Textile Fair 2025 in Moscow on Wednesday.

During his keynote speech, Margherita emphasized the longstanding friendship between India and Russia, stating, "Russia is our time-tested friend," and asserted that "India possesses the capability and quality" to fulfill market demands.

He pointed out that India's current contribution to Russia's textile imports is below 2%, stressing the need for this figure to rise.

The three-day fair, which will conclude on October 3, features over 30 Indian companies, spearheaded by the Handicrafts & Carpet Export Promotion Council (HEPC).

These exhibitors are presenting a diverse array of products, including handloom textiles, handicrafts, home decor, carpets, linens, and garments.

H.E. Vinay Kumar, India's Ambassador to Russia, discussed the potential for broader trade opportunities, mentioning a prospective Free Trade Agreement (FTA) between India and the Eurasian Customs Union, which he believes would greatly enhance access for Indian products.

The event is anticipated to draw approximately 1,000 buyers from both domestic and international markets, facilitating direct interactions between Indian exporters and key importers, wholesalers, and retailers in Russia.

This strategic move into the Russian market is particularly timely for India's textile industry, especially following the recent increase in tariffs by the United States on Indian textiles, which rose from 25% to 50% as a consequence of India's purchase of Russian crude oil amid the ongoing Ukraine conflict.

The U.S. remains the largest market for Indian apparel exports, and these elevated tariffs have adversely affected shipments.

In light of this, India is now diversifying its export markets, targeting over 40 countries, including Germany, Australia, and the UK, while simultaneously strengthening its trade relations with Russia.