India’s textile and apparel industry sees the $100 billion export target as achievable after the India–US trade deal sharply reduced tariffs from 50 per cent to 18 per cent.
The move gives Indian exporters a 2 per cent cost advantage over key rivals, restores competitiveness in the US market, improves capacity utilisation, and is expected to unlock fresh investments and higher production.
The move gives Indian exporters a 2 per cent cost advantage over key rivals, restores competitiveness in the US market, improves capacity utilisation, and is expected to unlock fresh investments and higher production.
