Export

Has China Plus One Helped Indian Textile & Garment Sector?

Textile Insights August 29, 2023

The ‘China Plus One’ strategy refers to a business strategy adopted by multinational companies, to diversify their production and supply chain activities by adding an alternative manufacturing or sourcing location to China and was introduced in 2013. But has the China Plus One strategy worked

Export

Indian Garment Exports Down 17.3% in July 2023

Textile Insights August 18, 2023

For the month of July 2023, shipments of textiles were down 1.9 percent, while those of garments dropped higher at 17.37 per cent, when compared with July 2022. Textile exports touched US $1.66 billion in July 2023 as against $1.69 billion last July, while garment exports totaled $1.14 billion last month as against $1.38 billion […]

Export

Global Textile Sector In Need Of Demand Revival

Textile Insights July 31, 2023

As the economy is expected to rebound in the United States followed by Europe, global textiles industry is in the need of demand revival. The past eighteen months has witnessed rocky economic climate showing anomalies such as high inflation, strong labour market and weak consumer demand. The textiles sector in India has been hit hard […]

Export

Process Eased For Duty Free Import Of Export Purpose Inputs

Textile Insights July 19, 2023

Directorate General of Foreign Trade (DGFT) has implemented the Advance Authorisation Scheme under the Foreign Trade Policy, which allows duty-free import of inputs for export purposes. “The eligibility of inputs is determined by Sector-specific Norms Committees based on input-output norms,” a PIB press release stated. To make the norms fixation process more efficient,