The Convener of Indian Texpreneurs Federation Prabhu Dhamodharan, in a statement said that due to Covid implications, the overall US Apparel imports dropped by 30% in the first 7 months of 2020; while their import of Chinese Apparel dropped by 49%.
Moreover, the news about recent US actions in terms of trade restrictions on Chinese Apparel & other products from one of the major textile regions – Xinjiang leads to a notion that it will accelerate the trend further.
Altogether, this trend may create a $10 Billion opportunity in US markets in Apparel segment alone for other countries including India. The Indian Apparel clusters should take advantage of the situation and aggressively focus on US markets.
Many of our clusters in Tamil Nadu have demonstrated high level of quality, consistency, on-time delivery, best sustainable practices, Green manufacturing practices, empowerment of rural workforce.
Now it’s time for Tamil Nadu textile clusters to form an alliance; Project their strengths and Market it well to establish a strong TN textile sector and USA partnership as an alternative to China in Apparel sector.