China is exploiting and entering the Indian market at cheap price by routing its yarn and finished fabrics through Bangladesh route giving a difficult time to the textile industries at home, comprising primarily of the Micro, Small and Medium Enterprises (MSMEs), said Punjab Pradesh BeoparMandal President PL Seth.
Seth said that since Bangladesh is exempted from paying any duty under the SAARC agreement, Chinese yarn and finished fabric is able to enter our markets through Bangladesh. With the market condition moving from bad to worse, these units as well as the large share of population that finds employment in these units are nearing a vulnerable stage.
Along with the local textile industry, local dress material industry as well as printing industry is at stake due to the unfavourable competition. Industrial areas of Ludhiana in Punjab as well as Bhilwara in Rajasthan houses a number of textile units making different kinds of fabrics including suiting, shirting, blazer and blankets.
