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Gangwar assures textile industry of addressing its demands
23 Jan '16
4 min read
The TEA also asked that the government allow the import of special machinery intended to manufacture synthetic garments and also processing of fibres at zero per cent duty so that more entrepreneurs make investment to manufacture synthetic garments, which has a major market globally.
The memorandum also asked for expediting Free Trade Agreements with the EU, Canada and Australia to help garment exporters neutralize the advantage that a competitor like Bangladesh enjoys because of concessions as a least developed country.
India's RMG exports totaled $16.82 billion in 2014–15 and out of which, $7.23 billion worth of garment was exported to the EU. (SH)
Fibre2Fashion News Desk - India
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