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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


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