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India’s apparel imports increase 47 per cent in 2018-19

As per Clothing Manufacturers Association of India (CMAI) data apparel imports increased nearly 47 per cent to $1 billion in 2018-19 (April 2018-February 2019) even as exports fell five per cent. This surge in imports is mainly due to big retailers opting more for low-cost foreign garments. Imports from Bangladesh increased 96 per cent. Besides, imports from Sri Lanka and Hong Kong have also shown a significant rise of 120 per cent and 171 per cent, respectively.

Industry sources say imports from India's neighbouring countries are flooding the domestic market and defeating the purpose of Make in India. Leading retail stores in India setup by foreign brands are sourcing apparel from Bangladesh. This could be detrimental to the Indian garment sector's growth. Vietnam and Cambodia are the other two major countries that export to India.

Increasing imports from Bangladesh is a looming threat and could eventually hit India's exports too. Moreover, jobs in the sector might take a hit and non-confirmation of orders could have a cascading effect till cotton farmer stage, thereby affecting the economy significantly.

 
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