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Date: 12/08/2024

Call to tweak import policy to attract buyers after B’desh crisis

Unless the Indian government tweaks its import policies to allow greater and easier access to imported man-made fabrics, trims and accessories, buyers will remain hesitant to place their orders in India amid the civil unrest in Bangladesh, said Apparel Export Promotion Council (AEPC) Chairman, Mr Sudhir Sekhri. Most of these orders are in man-made fabrics, purchased from buyer-nominated sources in China, Korea and even Europe. Shifting these short-delivery orders using special imported fabrics to India is not viable, given India’s current import policies. Only orders in fabrics of Indian origin are expected to be shifted to Indian factories. Even before the current turmoil in Bangladesh, buyers were already looking for capacities elsewhere due to capacity saturation in that country. The recent turmoil will expedite their plans. Indian factories will get a piece of the cake only if they ramp up capacities, he added, as per a report.
 
Source: Exim News Service: New Delhi, Aug. 11 



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