Poging GOUD - Vrij
Tariff to spark job losses, warn textile exporters
Financial Express Ahmedabad
|August 02, 2025
On Sticky Wicket
THE US' DECISION to impose a 25% tariff and penalty on Indian imports is set to severely dent India's textile and apparel exports, with manufacturers warning of below-cost sales and potential mass layoffs in the country's second-largest employment-generating sector.
India's $37-billion textile and apparel export industry now finds itself at a pricing disadvantage vis-a-vis competitors like Bangladesh, Vietnam, and Indonesia—countries that face significantly lower duties.
"We are on a very sticky wicket now. The situation is going to be pretty bad for Indian exporters," said Sudhir Sekhri, chairman of the Apparel Export Promotion Council. "Exporters now have their back against the wall and will be forced to sell below cost just to keep factories running and avoid mass layoffs."
Dit verhaal komt uit de August 02, 2025-editie van Financial Express Ahmedabad.
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