Home / Knowledge / News / Import/Exports / India's apparel imports from Bangladesh growing fast pace
India's apparel imports from Bangladesh growing fast pace
03
Mar '18
ITF delegation with Union commerce minister Suresh Prabhu (left)
ITF delegation with Union commerce minister Suresh Prabhu (left)
Apparel imports from Bangladesh into India are growing at a fast pace, and this trend is actually helping China’s textile exports, the Indian Texpreneurs Federation (ITF) has said in a letter to Union commerce minister Suresh Prabhu. ITF suggested tweaking rules of origin to make the use of yarn and fabrics of Indian origin mandatory for duty-free access.

“India’s apparel imports from Bangladesh grew 27.8 per cent in FY15 and 17 per cent in FY16. Though it dropped 2.7 per cent in FY17 because of the slowdown in India’s overall imports, it has resumed pace in FY18 if imports in the first half of the fiscal are any indication,” the letter said.

Since Bangladesh does not produce enough fabrics domestically, allowing duty-free quota-free import of apparel from Bangladesh (under SAFTA) is indirectly helping China. Moreover, it is also slowly and softly killing India’s domestic textile value chain comprising apparel-fabrics-yarn-fibre, an ITF delegation said during their meeting with Prabhu this week.

The delegation comprising Prabhu Dhamodharan, convenor, ITF; ManojKumar, board member, ITF; Dhanapal, board member, ITF; and Sudhakar Kasture, trade expert & advisor, ITF suggested tweaking SAFTA rules of origin to make the use of yarn and fabrics of Indian origin mandatory for allowing duty-free quota-free market access to Bangladesh and other least developed countries (LDCs).

India will not be the first country to impose such sourcing restrictions for allowing duty-free imports of apparel. The US has imposed sourcing restriction under NAFTA for accepting duty free import of garments from Mexico and other NAFTA members. The Asean-Japan FTA also mandates apparel exporters based in Asean countries to use fabrics and other raw material either made in Japan or any of the Asean countries to avail preferential trade regime, the delegation said.

ITF is appointing one expert firm to prepare a report on “Competition analysis study for Textiles Sector FTAs & Growth Prospects’’. The firm will prepare a report in next 60 days and it will be submitted to both the commerce and textile ministries. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: European Commission/European Union

Textiles | On 26th May 2018

EU set to negotiate FTAs with Australia & New Zealand

The European Union is all set to begin negotiations for free trade...

US bans import of cotton goods from Turkmenistan

Textiles | On 26th May 2018

US bans import of cotton goods from Turkmenistan

The US Customs and Border Protection (CBP) has issued a Withhold...

FPCCI prepares report on Pakistan's export issues

Textiles | On 26th May 2018

FPCCI prepares report on Pakistan's export issues

Federation of Pakistan Chambers of Commerce and Industry (FPCCI)’s...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search