Export

India Seeks Zero Tariff On Textiles & Apparel In FTA With EU

Textile Insights February 27, 2024

India is negotiating for textiles and apparels to be classified as non-tariff items in the ongoing negotiations for a free-trade agreement (FTA) with the European Union. The EU import duties, typically ranging between 10-12 percent on textile and clothing, places India at a disadvantage with

Export

Swiss Import Duty Abolition Negates India’s Gains From FTA

Textile Insights January 10, 2024

Switzerland which introduced a policy to allow tariff-free entry for all industrial goods from all countries has negated India’s gains from the negotiations for a European Free Trade Association (EFTA) free trade agreement. Switzerland’s decision that took effect from January 1, 2024 resulted in removing tariffs on products, including chemicals, consumer goods, vehicles

Export

India’s Textile & Garment Exports Sluggish Despite FTAs

Textile Insights January 5, 2024

India’s exports from labour-intensive sectors such as textiles, garments, gems and jewellery, and leather have been sluggish despite free trade agreements (FTAs). “The rise of efficient suppliers in China, Vietnam, and Bangladesh has contributed to a decline in India’s market share in global trade,” a recent Global Trade Research Initiative (GTRI) report reveals. The

Export

Indian Textile & Apparel Export Shipments Freight Spikes 40%

Textile Insights December 28, 2023

The attack on merchant ships by Houthi rebel attacks in the Red Sea has spiked freight rates by 40 percent, with expectations of them going up and impacting Indian textile and garment export costs. Red sea is one of the busiest sea routes that connect Asia and Europe, but the attacks have forced ships to […]

Export

India Arrests Downslide In November Garment Exports

Textile Insights December 22, 2023

After a long period of decline due to various global challenges, Indian garment exports increased 11.7 percent, from a year ago month to US $1.2 billion in November 2023. “Exports of garments from India have witnessed a rough patch in the past few months,” Apparel Export Promotion Council (AEPC) Chairman Naren Goenka informed. “This was […]

Export

UK & EU FTA’s Will Be Game Changers: AEPC Chairman

Textile Insights December 13, 2023

The Apparel Export Promotion Council (AEPC) Chairman Narendra Goenka has expressed enthusiasm regarding the proposed free trade agreement with both the United Kingdom and the European Union. “The FTA will be a game changer for the industry,” Goenka said, while emphasising the significant advantages the agreement would offer apparel exporters. Goenka informed that talks

Apparel, Fashion, Retail

Goyal Confident Of Apparel Exports Reaching $40bn By 2030

Textile Insights December 11, 2023

Textiles Minister Piyush Goyal expressed confidence that India’s garment exports would reach the target of US $40 billion by 2030. “$40 billion target by 2030 is clearly achievable,” he added Goyal said the Indian government is taking steps to promote exports such as entering into free trade agreements and promoting brand India. Piyush Goyal was […]

Export

Adopt USA Certifications To Boost Indian Apparel Exports

Textile Insights November 11, 2023

Compliance and certifications of the US and other international standards are essential for growth of Indian garment exports to the US, was the advice of a senior official of an American trade body. The American Apparel & Footwear Association (AAFA) and Worldwide Responsible Accredited Production (WRAP) recently organised a workshop on US compliance standards for […]

Export

AEPC Unveils ‘40 By 30’ Plan To Boost Indian Garment Exports

Textile Insights November 6, 2023

The Apparel Export Promotion Council of India (AEPC) has set a target of achieving US $40 billion in garment exports by 2030 “To achieve this target, the council will focus on innovation, expanding market and product basket, practice sustainability and responsible business practices,” AEPC Chairman Naren Goenka said. In a statement, Goenka said “We have […]

Export

Indian Garment Exports Slip 8.15% In August 2023

Textile Insights September 18, 2023

Indian garment exports slipped to US $1.13 billion in August 2023, down 8.15 percent as against $1.23 billion recorded in the same month of previous year. In the first five months of current fiscal ending March 31, 2024, clothing exports fell to $5.96 billion, a drop of 15.98 percent compared to $7.10 billion in the […]