The Indian apparel industry believes, the India-UAE Comprehensive Economic Partnership Agreement (CEPA) will boost apparel exports as well as employment generation.
NarendraGoenka, Chairman, Apparel Export Promotion Council (AEPC) said that it will further strengthen India’s dominant position in the UAE. It will result in a 5 per cent drop in import duty on Indian apparels. This will further strengthen the dominant position of Indian apparels in the UAE,
The key factors that would determine the extent of benefit from CEPA are the import demand of specific RMG products in UAE, production strength/export capability of Indian companies in these products and acceptance of Indian products into UAE, he added.
India’s apparel exports to the UAE also cater to the apparel needs of Saudi Arabia, Kuwait, Bahrain, Oman and the UK. The UAE is a large retail market with players across the value chain including big western fashion chains, wholesale buyers from North Africa and the Middle East, he added further.
