New Delhi, June 9 -- India is poised to regain its lost prominence in the global textiles and apparel industry, supported by policy reforms, free trade agreements (FTAs), a favourable tariff environment and strong domestic demand, according to a report by Emkay Research.

The report said the country's textile sector is at a critical turning point after its share in global apparel trade remained stagnant at 3-4 per cent over the last 15 years.

"India has, traditionally, been a textile powerhouse but lost market share in the global apparel trade, which has been stagnant at 3-4% over the past 15Y. However, we believe India is at an inflection point to regain its lost glory," the report stated.

According to the report, several structural dr...