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Govt need to aggressively enter into FTAs to safeguard textile industry

Related Keywords: brand promotion, CCI Texcon 2015, focus on economies of scale, government need to aggressively enter into FTAs. safeguard Indian textile and apparel industry, India can increase global share, infrastructure, Make in India possible, reduce the finance cost and ease the land and environment clearances, skill development, technology development

A report was released by CII and Wazir Advisors at the CII Texcon 2015 here on Thursday, on how to enable ‘Make in India’ possible in textile and apparel sector. The report highlighted that the TPP trade agreement will open markets and enable countries like Vietnam a zero duty access to the US market for textile, while Indian players will have to pay 14-32% duties, which will make them uncompetitive.

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