Diversification into new markets has become a necessity after the Trump administration imposed a hefty 50 percent tariff on Indian exports. This measure has dealt a heavy blow to our efforts to secure more market access in the US. Indian exporters have realised that diversification is a must to stay in competition. This diversification initiative […]
The anti-dumping duty (ADD) measure seems to be rearing its head again. This is because there is a lurking fear in the minds of textile industry leaders that the Central government has something up its sleeves on the ADD front. What is the proposal and what are the items that will bear the burden is […]
India is moving ahead in its negotiations with the US, setting aside. President Donald Trump’s claim that the former is a “Tariff King” by charging high tariffs on automobiles and alcohol. These negotiations have added a new element – purchase of oil, gas etc., from the US in a determined bid to reduce the trade […]
The much – awarted India – European Union FTA pact may be delayed further looking at the recent developments. The EU has flagged India’s Russion oil purchase and the joint military drills as “obstacles in our cooperation”, according to the Bloc’s top diplomat Kaja Kallas. Obviously , the EU is under pressure from the Trump […]
While the additional US tariffs totaling 50 percent will adversely affect our textile sector, among other industries, New Delhi has been and is handling the situation diplomatically. In the short term, some incentives have to be given to exporters even cash assistance, as was the case a few decades ago. RBI has also stepped in […]
Which country is able to take advantage of China’s lower than market performance in apparel exports with its share expected to come down from 41 percent currently to 35 percent by 2025? The beneficiary nations of this opportunity would be those that have competitive manufacturing cost, FTA advantage with markets and global infrastructure. India is […]
India’s policy on Free Trade Agreements (FTA) is getting clear during the on-going negotiations with the European Union (EU) with which it is planning to sign an FTA. New Delhi has signaled its willingness to lower duties in case it gets something the return”. This means easier market access for its goods, including textiles. New […]
A big boost to India’s textile exports to the UK with the signing of a Free Trade Agreement between the two countries recently, envisaging duty free access. The agreement seeks to give India a level playing field, vis-à-vis competitors like Vietnam and Bangladesh. Besides it will help reduce trade deficit and increase employment. What is […]
India’s textile and apparel exports may come under severe strain in the coming years due to cotton shortage exacerbated by the imposition of import duty on the fibre which has become expensive by about 15 percent. The industry is likely to lose export orders. Over two thirds of cotton production is converted into value added […]
Ahead of the Modi-Trump meeting in Washington, New Delhi has signaled its intent to lower tariffs in a bid to avoid a showdown with the US administration. And the 2025-26 Union Budget has opened up the motorcycle segment of the auto industry by slashing customs duties. Particularly noteworthy is the duty reduction on the […]
