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Uttar Pradesh sets apparel target for export sector

Oct 14, 2021
Uttar Pradesh sets apparel target for export sector

Lucknow, UP

To increase UP’s exports to Rs 3 trillion within the next five years, the state government has identified apparels as a crucial sector which has a massive potential for growth.

In a study carried out by PricewaterhouseCoopers at the behest of Invest UP, it was found that due to differences in tariff regulations among various countries, India in general and UP in particular, is losing out to countries like Bangladesh, Turkey, and Cambodia. A slew of measures has been proposed to increase UP’s presence in apparel export. These include attempts to renegotiate trade deals with USA, UK, European Union, Canada and Australia.

In the apparel sector, for which Gautam Budh Nagar and Kanpur are hubs, PWC has said that there is at least a 10% difference in tariff rates between India and countries like Bangladesh, Turkey, Cambodia etc. UP loses out to Turkey, UK and Italy, which impose no tariff in export of house coats and similar synthetic fibre clothes to countries like Germany and UK. Similarly, UP’s export of cotton T-shirts to countries like USA, Germany, UK, France and Spain loses out to exports from Honduras, Nicaragua, El Salvador, Bangladesh, Turkey, Portugal etc.

PWC has proposed infrastructural interventions in Gautam Budh Nagar and Kanpur. The measures include setting up of an apparel park in Gautam Budh Nagar, common facility centres, laboratories by testing agencies, design labs and apparel manufacturing training centres, raw material depots and sourcing hubs.

Source: The Times Of India

Image Source: Google Images

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