Concerned about increasing imports from Bangladesh, the Indian Texpreneurs Federation (ITF), an association of more than 560 textile establishments with a combined turnover of over Rs 40,000 crore has sought the help of the central government in getting supply contracts from Indian retailers and brands.
The companies are worried that the increasing imports of readymade garments might hurt them in the local market even as they grapple with tepid growth in exports. They believe that Indian clusters can better serve the sourcing needs of both Western and Indian brands than products sourced from Bangladesh, Sri Lanka or Indonesia.
