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.
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UKFT’s latest figures show that value of UK fashion and textile exports have reached almost Euro 10 billion representing an increase of 66 per cent in a decade.
Egypt’s Ministry of Trade and Industry and Switzerland recently announced scaling up collaboration to strengthen the competitiveness of Egyptian textiles and clothing producers.
Hailing the recent Government measures to boost exports, the Council for Leather Exports (CLE) has demanded raising the duty free limit for leather garments to 5 per cent to help raise shipments.
As an indicator of the efficiency of logistical services necessary for promoting exports and economic growth, Gujarat has been ranked the topmost performer on the logistics index chart among 22 States.
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).
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.