India Textile Exporters Will Face The Risk Of Hard Payment
Today, the India parliament is notified. Textile exports in India Dealers face the risk of remittance, while overseas buyers are demanding. Price reduction 。
Textile minister E V K S Elangovan said US trade Exporters report that their payments may not be collected.
Besides, he said, overseas buyers repeatedly asked. Price reduction The payment time has been postponed.
He said the United States is India textiles and Clothing export The largest single market, and many other major importing countries are also facing Economic retrogression The situation is not conducive to New Delhi's exports.
Domestic industrialists also report that they are reducing production and reducing production capacity.
The minister said that because of the high cost of pportation and the wide variety of taxes, India exports Businessmen have lost their competitive edge.
In 2007-08, India's textile exports amounted to US $22 billion 130 million.
Editor: vivi
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