After its recent appeal to brands and retailers to focus more on sourcing and engaging with domestic textile manufacturing clusters (to curb the import of readymade garments from Bangladesh), the Indian Texpreneurs Federation (ITF) has now appealed to the Textile Ministry to facilitate a meeting betweenbrands and domestic manufacturers for mutual benefit.
Rising imports of readymades from Bangladesh has put the domestic manufacturing sector in a tight spot. Imports are up 53 per cent to $1.07 billion in 2018-19 fiscal. Read more...
