![]() India has transitioned from being a net importer, in terms of value, of technical textiles (imports exceeded exports by Rs 1,058 crore) in FY20 to a net exporter of the same (exports exceeded imports by Rs 2,998 crore) in FY21. For comparative purposes, the turnaround time (TAT) (from order to delivery) is 50 days for Bangladesh and 63 days for India, whereas the time taken to reach port is one day for Bangladesh and 7-10 days for India. The report also highlights logistics as one of the major constraints with Indian exporters. The report compares the high tariffs in the EU with zero duty access given to competing nations like Bangladesh, Sri Lanka, Pakistan, and Turkey, which affected export performance. It notes that apart from the impact of COVID-19, other reasons which are acting as bottlenecks are high tariffs faced by Indian exporters in key markets, such as the European Union, and logistics. ![]() The report analyses the factors that have affected the sector's performance. Also Read: India should target 5X increase in technical textiles export in three years: Piyush Goyal
0 Comments
Leave a Reply. |