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Apparel exports face duty disadvantage
Highlights
India faces competition from countries like Vietnam, Bangladesh and Sri Lanka that enjoy preferential or duty-free access to key markets like the European Union, Union Textiles Minister Smriti Irani said on Friday.
New Delhi: India faces competition from countries like Vietnam, Bangladesh and Sri Lanka that enjoy preferential or duty-free access to key markets like the European Union, Union Textiles Minister Smriti Irani said on Friday.
"Apparel exports from competing countries enjoy zero/preferential access to European Union whereas India faces a duty disadvantage.
Besides Bangladesh and Vietnam have a large and productive labour force," Irani said.
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