New Delhi, Feb. 3 -- The Indian apparel export sector is breathing a sigh of relief and looking toward a decade of unprecedented growth. Following a period of turbulence and heavy penalties, a recent government announcement has revitalised the industry, particularly in hubs like Tiruppur.
On the recently announced US-India trade deal, that proposed to lower the tariffs to 18%, A Sakthivel, Chairman of the Apparel Export Promotion Council (AEPC) and the Founder & Chairman of Poppys Knitwear said, "With a lower tax rate of 18% compared to other nations and a strong domestic supply chain, India is well-positioned to lead the sector."
"For the last six months, we've been going through a lot of turmoil since the tariffs were imposed. We were...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.