ITF urges retailers and brands to source locally

Source: https://in.apparelresources.com

India’s increasing apparel import from Bangladesh is becoming a reason of worry for Indian textile and apparel industry and the industry has now urged brands to source locally from India. Industry associations are even ready to support as a platform for easy sourcing so that brands can have comfortable and cost-effective sourcing experiencing with regard to local sourcing.

It is worth noting that Bangladesh’s overall exports to India during the July-April period of the current fiscal (FY), 2018-19, increased by an astounding 53 per cent to touch US $ 1.07 billion (Rs. 7,000 crore).

Prabhu Dhamodharan, Convenor, Indian Texpreneurs Federation (ITF), Coimbatore, who is of the strong view that brands should source locally shared, “This import of US $ 1.07 billion would have created an additional 6,000 jobs in the spinning sector, 500 jobs in the processing sector, 100,000 jobs in the garmenting sector and another 40,000 jobs in printing and embroidery sector of textile value chain.”

He further adds, “While Indian textile industry is already facing sluggish demand in domestic markets, and is witnessing stagnant exports; prospective job losses of approximately 1.5 lakhs will have a severe impact on the textile manufacturing sector.”

Not only western or international brands or retailers, but also many top Indian retailers and brands are sourcing apparel products from Bangladesh. Some of them like Reliance Trends do have their sourcing offices in Bangladesh, as sourcing from Bangladesh is cost-effective compared to manufacturing in India. Notably, there is no duty imposed on Bangladeshi apparel import to India.

ITF is ready to take responsibility for creating a platform for all retailers and brands and will ensure the best possible support and cooperation for engaging them with apparel manufacturing units in all clusters of Tamil Nadu. ITF, having a member base of 550 textile manufacturing units with a combined sales turnover of more than US $6 billion, is one of the largest textile entrepreneurs associations in India representing the entire value chain of textile manufacturing sector.

“ITF as a responsible federation, and considering the situation of Indian textile industry and India’s job creation challenge, hereby urges all brands and retail chains operating in India to explore possibilities of partnerships with garmenting hubs of the country like Coimbatore, Tirupur, Karur, Erode, Surat, Ludhiana, among others,” added Prabhu.

He also insisted that it is paradoxical because Indian Government is making best possible efforts to promote “Make in India,” “Skill India” and incentivising job creations in the second most labour-intensive sector of India, that is, the textile industry.

Through the above-mentioned schemes, the Government is trying to support textile brands and retailing chains operating in India, for both establishing and expanding their business in India.



Categories: Apparel, Asia, Bangladesh, Brands, Business, India, Retail, Textile, USA

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