With president donald trump setting a high tariff on India (at 25 per cent) than over 50 other countries – Including Bangladesh and Vietnam, Together with China, these among the top apparel exports. States – Domestic Apparel Exporters Have Expressed Concern and Sautty Government Intervention. The new tariffs are set to come into effect from August 7.
“We Request IMMediate Government Invention to Offset This Huge Setback. Exporters have their back against the wall and will have to sell below their fact to keep their factories andvid masses layoffs,” Suddher. Chairman, Apparel Export Promotion Council (AEPC), Said in a statement.
The Confederation of Indian Textile Industry (Citi), New Delhi Based-Industry Chams of the Textile and Clothing Sector, Also Said This Latest Us Tariff Announcement has been added to the challenge that India’s Textile. Exporters were already grappling with.
“The latest us Tariff Announcement, following which the tariff rats have been substantially reducked for many counties increasing Bangladesh, against whom we are competing for a light share of the us market, will. Difidence for India’s Textile and Apparel Exporters as we will be handicapped by a search duty disadvantage, “Citi Chairman Rakesh Mehra Said.
Seeking Government Intervention for Easier Availability of Raw Materials, Citi Said While The Tariff Rate for India has been set at 25 per cent, the rate for competing counties as bangladesh is 20 per cent, India. Cambodia is 19 per cent each and vietnam is 20 per cent.
India’s Market Share Rising
While China Continues to Be The Top Exporter of Textile and Apparel Items in the Us, Its Market Share has come download from 27.4 per cent in 2020 to 21.9 per cent in 2024.
The us is a key market for Indian Ready-Made Garments (RMG) exports; Its Share in India’s total garment exports in 2024 Stood at 33 per cent, AEPC Said. India’s presence in the us garment important from 4.5 per cent in 2020 to 5.8 per cent in 2024.
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“Top Three Most Exported Products By India: Cotton T-Shirts (9.71 Per Sent); Women’s or Girls ‘Dresses of Cotton (6.52 Per Cent); Babies’ Garments of Cotton (5.46 Per Cent), EtC. Exports of India to the us hold 10, 36, and 20 per cent share, responsively, in the us total imports of these products globally, “The export promotion Council Said.
Capacity Building Efforts
The ministry of textiles on Friday say that the overall exports from the sectors iluding handicrafts has grown 5 per cent during fy25, at $ 37.7 Billion, compared to $ 35.8 billion during the preview of the preview of the $ 35.8 billion. The ministry also say that it is implemented the scheme for integrated textile park (SITP) to provide support for setting up text parks with world-class, state -of-the -art infrastructture Across the country.
The government has found up of PM Mega Integrated Textile Region and Apparel (PM-already) Parks at Seven sites-Tamil Nadu (Virudhnagar), Tlangana (Warangal), Gujratak (Navasari), Karnataka (Kalaburagi), Madhya Predesh (Dhar), Uttar Predesh (Lucknow) and Maharastra (Amravati) With an Outlay of Rs 4,445 Crere for a period of seven years up to 2027-28.
Negotiations Stuck Agriculture Agriculture
While the in-farson India-us trade negotiations are expected to continue after the second half of august, the dehal is the stuck over sensitive sectors such as Agriculture and Automobils. The Indian Express had reported last week that India is unlikely to Agree to the US Demands to accept genetically modified (GM) Agricultural Products Such as Corn and Soya.
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This assumes significance as agriculture remins one of the conventious issues between the two countries, and the United States Trade Representative (Ustr) Has Previously Flagged Restrictions on Its Gm Products. Discriminatory.
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