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Indian apparel sector needs product diversification: ITF

14
Aug '19
Pic: ITF
Pic: ITF
The apparel sector in India must further diversify its product portfolio to stay in competition with Vietnam in the global market, according to the Indian Texpreneurs Federation (ITF). In addition, manufacturers need to shift their focus towards man-made fibre (MMF) and blended products, while the government should bring in Fibre Neutral Policy, ITF said.

Analysing apparel exports from India and Vietnam in 2017, ITF said India leads in seven apparel export items, i.e. those with 6-digit HS code of 610510, 610910, 610990, 620443, 620520, 620640 and 621443. However, in these items too, Vietnam is catching up fast with India, in terms of value of exports.

There are 19 such clothing items where Vietnam leads, and India's volumes are negligible in comparison.

"We need to create awareness and also an ecosystem to diversify our product basket and this will help us in improving per apparel value," ITF said in a statement. "We need to bring Fibre Neutral Policy to achieve this goal." (RKS)

Fibre2Fashion News Desk – India


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