Shares of Gokaldas Exports surged by 19%, and other textile stocks like KPR Mills and Arvind saw gains up to 17%, driven by investor optimism amid political turmoil in Bangladesh.
This unrest is causing international buyers to consider alternative markets, benefiting Indian textile manufacturers. India's stable policies, including the RoSCTL scheme and potential FTAs with the UK and EU, position it well to capitalize on shifting global apparel sourcing. The crisis in Bangladesh, a major player in the apparel export market, could significantly boost India's textile sector.