Related Keywords: being relinquished by China, entitled Stitched to riches, help firms grow in size, increase productivity, India focus on cotton, India losing out in global apparel market, Indonesia and Vietnam, less complex labour policies, need to reduce duties on import of MMF, textile and apparel sector, to Cambodia, TPP, World Bank report launched
India is losing out in the race for a greater share in the global apparel market to countries such as Cambodia, Indonesia and Vietnam being relinquished by China. It needs to reduce duties on import of manmade fibre and increase productivity by helping firms grow in size with less complex labour policies, according to World Bank report entitled entitled ‘Stitches to riches? — apparel employment, trade and economic development in South Asia’ on Thursday.
