With Chinese share in US apparel declining since 2018, the Indian apparel clusters should take advantage of the situation and focus on this market, Indian Texpreneurs Federation (ITF) said on Wednesday. Year 2019 witnessed around Rs 20,000-crore market share loss for China in the apparel segment alone and post-COVID- 19, the declining trend has been accelerating. This may create a 10-billion US dollar opportunity in the American markets in the segment alone for other countries, including India, ITF said. “After the EU-Vietnam FTA (free trade agreement), Vietnam”s duty-free access may create further pressure on our apparel exports to the EU,” ITF convenor Prabhu Dhamodharan said.

Share