India imports more than Rs. 1,000 crore worth of trims from China. Indian textile and apparel industry must work towards reducing our dependency on China, which is not easy but quite possible.
More than a month-long tussle at borders between India and China seems to have settled down now, at least for some time. Indian apparel exporters face the heat of these developments as Chinese goods were not getting cleared at customs and Apparel Export Promotion Council (AEPC) has sought the Government’s support in this regard, by writing a letter to M. Ajit Kumar, Chairman, Central Board of Indirect Taxes and Customs. Finally, things have started moving but the issue doesn’t stop here, as Indian textile and apparel industry majorly depends on the imported goods from China. And trims are one of the product categories imported mainly from China on a regular basis. A large number of traders are totally dependent on Chinese trims; and same is the case with many apparel manufacturers. So, is there any solution that can help India reduce its dependency on trims’ import from China? What is the takeaway for apparel exporters in this regard? Why doesn’t India explore Bangladesh to import trims? How will nomination work now as far as Chinese trims companies are concerned? Apparel Resourcesanalyses it all with various stakeholders of the industry.
As per the official data, India imports more than US $ 140 million (Rs. 1,000 crore) worth of trims like zippers, buttons and hangers, etc. A large chunk of the Indian textile industry strongly believes that we must reduce our dependency on China, and India should increase the production of similar products which are being offered by China and also control costs accompanied by quick delivery schedules.
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