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High tariffs on Indian exports to EU, UK hit export performance: Govt

Jul '21
Pic: Shutterstock
Pic: Shutterstock
High tariffs faced by Indian exporters in the European Union (EU) and the United Kingdom compared to zero duty access offered by these countries to nations like Bangladesh and Cambodia are affecting the country’s export performance, according to minister of state for textiles Darshana Jardosh, who informed parliament lower house (Lok Sabha) today that the textile industry has been hugely affected by the pandemic.

India's textiles exports in 2020 stood at $29.61 billion, while the shipments of Bangladesh, Vietnam and Cambodia in that year were aggregated at $37.95 billion, $37.10 billion and $7.77 billion respectively.

In a separate reply, she said textiles exports to China have increased to $1.56 billion in 2020-21 as against $1.13 billion in 2019-20.

Jardosh said during cotton season 2020-21 (up to July 23, 2021), the Cotton Corporation of India (CCI) has procured seed cotton equivalent to around 91.893 lakh bales under minimum support price operations.

In another reply, the minister said due to pandemic and lockdowns, production activities in all National Textile Corporation Limited (NTC) mill units were put on hold from March 25, 2020. NTC restored operation of 14 mill units from January 2021.

However, the second wave again led to closure of all NTC mill operations in April 2021 and NTC has restored operations in some of its mills in July based on raw material availability, she was quoted as saying in an official press release.

Fibre2Fashion News Desk (DS)

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