Perfect Sourcing - January 2018

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Is the Apparel Export Industry of India Really on the Verge of
Vanishing?
My heading this time seems to be quite strong, however, it is nowhere as strong as
needed to aptly describe the current situation of the Industry. While exports of all
other countries are increasing, the garment export industry of India is slowing down.
The revised rate of RoSL and duty drawbacks has affected most exporters and they
fear closures and unemployment on a large scale if the same are not rectified. I
sometimes ask myself if the industry is really going to end. Well, it cannot. No matter what, such issues are always cyclic; whether slow or fast is just semantics or simply a matter of time. During this tumultuous phase, I have almost spoken to all types of exporters, big, small and medium and, for the first time, none of them is happy or shares a mixed reaction about the current situation. The environment of uncertainty is definitely engulfing all.