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Govt identifies 10 sectors to cut imports
Sectors already identified by the Department of Promotion for Industry and Internal Trade (DPIIT) in consultation with other ministries include capital goods and machinery, mobile and electronics, gems and jewellery, pharmaceuticals, textiles and garments.
Vietnam's textile-garment exports drop with few orders
Vietnam’s textile and apparel export turnover in 2020 is expected to reduce by a fifth compared to 2019 figures, according to the Vietnam National Textile and Garment Group (Vinatex), which feels the demand will recover from the third quarter.
FTAs to boost India’s textile exports: AEPC chairman
FTAs with Australia, Canada, the United Kingdom and EU will help boost India’s textile exports, according to AEPC, whose chairman A Sakthivel recently said the government should pursue FTAs with these countries as they hold tremendous potential for India's exports.
India monitors garments imported via Bangladesh
India’s Directorate of Revenue Intelligence (DRI) has issued an alert over garments being imported via Bangladesh from other countries to take advantage of duty concessions offered under a free-trade agreement (FTA).
Indian textile sector losing edge: CITI
India ranked fifth in the global textile and clothing exports in 2018 though it was in the second position between 2014 and 2017, according to the Confederation of Indian Textile Industry.
Tax refunds to boost textile exports
The textile industry expects exports to increase with the government extending refund of State and Central taxes on shipments of apparels and made-up goods.
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