Mr Kumar was very earnest when he said that complying with best practices does not come cheap, and therefore the GSP+ access is very important to the country to maintain the industry's position in an extremely competitive landscape that does not always reward and reimburse the cost of compliance to higher standards.
Nonetheless, Mr Mirchandani is optimistic about receiving the concessions and suggests that the country should adjust and do whatever is needed to secure GSP+ for the years to come.
Fibre2fashion News Desk - India
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