Home / Knowledge / News / Textiles / Give thrust to Indian textile sector in FTA's: Trade bodies
Give thrust to Indian textile sector in FTA's: Trade bodies
05
Jan '15
Various South India based textile and apparel associations have appealed to the government to give a thrust to the textile and garment sector in the proposed trade agreements with various countries.

The associations suggested that the union government should give a thrust to textile and clothing sector in the proposed trade agreements with Russia and the European Union.

This and other demands were made in presentations made to minister of commerce, Nirmala Sitharaman by various textile trade bodies.

According to the presentations, Brazil imported apparels totaling to $2.5 billion in 2013-2014, of which just $142 million was from India.

They urged the minister to include textile items under the existing India-Mercosr preferential trade agreement.

They were also of the opinion that India should conclude the free trade agreement with the European Union, since Indian exporters were at a disadvantage vis-à-vis Pakistan & Bangladesh who had zero duty access.

Since duty free import of garments is permitted in India from Bangladesh, they said norms should be altered, demanding use of yarn and fabric of Indian origin as a pre-condition to allow duty free imports from Bangladesh.

According to these trade bodies, excise duty on manmade fibres, but none on cotton, high energy costs and too many regulations, were factors slowing down India’s textile industry.

“This was the reason why, smaller countries like Vietnam and Bangladesh, which despite not having a raw material base had overtaken India in global apparel exports,” they echoed.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 10th Jul 2020

US, Kenya launch negotiations for free trade agreement

United States trade representative Robert Lighthizer and Kenya...

Pic: Shutterstock

E-commerce | On 10th Jul 2020

Commonwealth, ILO join partnership for inclusive e-com

The global 'eTrade for All' initiative, which aims at making digital...

Pic: Nike

E-commerce | On 10th Jul 2020

Nike Rise unveiled in Guangzhou as new store concept

Nike recently introduced Nike Rise, a first-of-its-kind store...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

The new deal is better than NAFTA for the US textile industry

Top executives, Textile industry

Top executives
Textile industry

RoSCTL is need of the hour

Top executives, Indian retail players

Top executives
Indian retail players

Walmart's acquisition of Flipkart endorses the humongous opportunities in...

Amol Bhagwati,

Amol Bhagwati

A textile finishing solution provider, Inspiron Engineering Private...

Spring Chang,

Spring Chang

A specialist in manufacturing printing machines, <b>Wenzhou Changs</b>...

Harsh Shah,

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Daniel Kaye, RocketLife

Daniel Kaye
RocketLife

<div>RocketLife, an award-winning developer of breakthrough visual...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

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


July 2020

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


Advanced Search