Related Keywords: await the full text of the TPP, duty disadvantage at home, expand outside India, hurt exports of textile items to Vietnam, Indian textile and garment companies, moving to select TPP countries, potential risk of investment and employment, RCEP, shift base to Vietnam, TPP, yarn-forward rule
The Indian textile and garment companies facing duty disadvantage at home, some have already prompted to expand outside India in recent years. Moreover, with the recently negotiated Trans-Pacific Partnership (TPP), some more the Indian companies may shift their base to Vietnam to grab the advantage of duty-free access to the US and other TPP markets, like they did some years ago to Bangladesh to take the benefit of duty in exports as well as low labour costs, according to analysts.
