USA imposes tariff on China and other countries
Amid the current political and economic climate where USA is imposing Tariffs on imports from China and other countries, India emerges as a great option to do business.*
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India’s Growing Appeal in the US Garment Market Amid Global Shifts
Amid concerns about the garment industry in Bangladesh, China and other countries, the US International Trade Commission (ITC) highlights India’s political stability and favorable trade relations as a key factor influencing American Brands’ choice of apparel producers.
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According to the ITC, brands are increasingly turning to India for high-end and fashionable goods, confident in the country’s ability to manufacture and deliver products reliably compared to less politically stable regions.
Over the past decade, India has gained market share from China, along with countries like Bangladesh, Pakistan, Indonesia, and Cambodia.
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The US remains India’s top export destination, with one-third of India’s garment exports, heading to the American market. India’s competitiveness is underpinned by extensive vertical integration, especially in cotton apparel and high-value products.
* Content and image source BBC and WSJ
