New Delhi, Feb. 9 -- The Confederation of Indian Textile Industry (CITI) has welcomed the announcement of the US-India trade deal and the reduction of US tariffs on Indian goods to 18 percent, terming it a major relief for the country's textile and apparel exporters.

CITI Chairman Ashwin Chandran said the move will help Indian exporters regain competitiveness in their largest overseas market. "The announcements on the US-India trade deal and the reduction in the US tariff to 18 percent will inject fresh momentum into the textile and apparel sector, which has been patiently waiting for the last few months for a resolution on the tariffs issue," he said.

Expressing gratitude to both US President Donald Trump and Prime Minister Narendra Mo...