Uttar Pradesh sets apparel target for export sector
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.
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
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