India textile industry: Threat posed by Bangladesh, Vietnam 'real'
CNBC · 2 months ago
CNBC
2 months ago
Ashwin Chandran, Deputy Chairman of the Confederation of Indian Textile Industry, warns that the sector cannot remain competitive with other countries due to the 50% U.S. tariffs. He explains that Bangladesh and Vietnam have the infrastructure to handle large volumes of orders and can capitalize on the tariff differences.
Breakdown
- Indian textile exporters say a 50 percent tariff is unsustainable, while 25 percent would be challenging but manageable. 20s
- Competing countries like Bangladesh and Vietnam have tariffs around 20 percent, giving them an advantage. 48s
- Bangladesh's government exports and company sizes often exceed those of India, allowing them to handle large bulk orders. 2m 20s
- High-volume, price-sensitive orders are increasingly shifting from India to Bangladesh and Vietnam. 2m 49s
- The threat posed by Bangladesh and Vietnam to India's textile industry is described as 'very real' by industry representatives. 3m 6s