The high tariff rates on Indian textile products in European countries are affecting the country’s exports.
India’s textiles exports in 2020 stood at USD 29.
61 billion, while the shipments of Bangladesh, Vietnam, and Cambodia in that year were aggregated at USD 37.
95 billion, USD 37.10 billion, and USD 7.77 billion, respectively.
Minister of State for Textiles Darshana Jardosh said that due to the Covid-19 pandemic and nationwide lockdown imposed by the various state governments, the production activities in all National Textile Corporation (NTC) Limited mill units, including Minerva mill units, were put on hold from March 25, 2020. The second wave of the Covid-19 pandemic again led to the closure of all NTC mill operations in April 2021.
Now, NTC has restored operations in some of its mills in July 2021 as per raw material availability. Furthermore, high tariffs faced by Indian exporters in key markets such as the EU and the UK compared to zero-duty access given to competing nations like Bangladesh and Cambodia are affecting India’s exports performance. The global pandemic of Covid-19 has adversely affected the textile sector, such as restriction on the social gathering, migration of laborers, disruption of the supply chain, thus affecting all the stakeholders from farmers to traders/exporters in the value chain.
