Darshana Jardosh, Union State Minister of Textiles says, India’s export performance is being negatively impacted by high tariffs faced by domestic exporters in the European Union and the UK as compared to zero duty access given by these countries to nations like Bangladesh and Cambodia.

As per a Free Press Journal report, in 2020, India's textiles exports amounted to$29.61 billion, while thoses of Bangladesh, Vietnam and Cambodia aggregated to$37.95 billion, $37.10 billion and $ 7.77 billion, respectively. Textiles exports to China increased to $1.56 billion in 2020-21 as against $ 1.13 billion in 2019-20.

COVID-19 affected all stakeholders in the value chain from farmers to traders/exporters. However, the situation improved with time and production and exports looked up, she added. Due to the nationwide lockdowns imposed by the state governments, production in all National Textile Corporation (NTC) Limited mill units including Minerva mill units were put on hold from March 25, 2020.

Employees were paid salary regularly during this period as per their status by NTC out of its cash reserve. After lifting up of the lockdown and as per availability of raw material, NTC restored operation of 14 mill units from January 2021 onwards, she added.

However, the second COVID-19 pandemic wave once again led to closure of all NTC mills in April 2021. Though some of these operations were restored in July 2021 as per raw material availability, she added.

By Fashionating World
https://www.fashionatingworld.com/new1-2/high-tariffs-impact-india-s-export-performance-textile-ministry