PAKISTAN: Pakistan, Vietnam vie with India for Textile Space in US, EU
Bangladesh, Pakistan and Vietnam are giving tough competition to Indian textiles in the US and EU market, as volatility in rupee value and archaic labor laws are impacting price competitiveness of India's textile shipments, a study by Ficci said. "India's textile export prices have not been as competitive as those of…
Egytex News Desk
Egytex
While an appreciating rupee is partly to be blamed for this lackluster performance, other disabilities like economies of scale and labor laws are making India's exports uncompetitive in global trade compared to shipments from other countries, it said.
These issues require appropriate interventions to enable Indian exporters increase their share in world textiles trade, it added. In the US market, while India's average price for textile exports was higher than China's and Pakistan's, its share in US global textile imports increased by a mere 1.6 per cent between 1995 and 2007. Vietnam's share rose to 4.7 per cent from 0.04 per cent, while that of China went up to 33.5 per cent from 11 per cent in the same period. - PTI
Source: TheHinduBusiness.com
From the Egytex news archive, first published on 19 June 2008. Figures and names are as reported at the time.
