Moment of truth
India’s newly concluded free trade agreement with New Zealand, offering zero-duty access, is subtly altering the economics of textile and apparel sourcing. It is too early to conclude but so far so good.
Discovery
Sorted; Categories such as cotton T-shirts, woven shirts and babywear from India are now cost-competitive with supplies from Bangladesh and China, narrowing a long-standing price gap.
Something Indian apparel exporters were lamenting since ago of being at a distinctive disadvantage but thankfully for no longer.
Diversification..Diversification..Diversification
Rebalancing; As import volumes into New Zealand begin to trend upward, even marginal changes in buyer sourcing strategies could translate into meaningful gains.
Over time, this improved market access has the potential to create a consistent, higher-value export stream for Indian apparel manufacturers across the Pacific region.
The government did its bit as it is in the vested interest of the government to make Indian exports more resilient beyond concentrated to one single trade geography.
Now it is businesses to up their ante while basking in the sun!
After all, Being adaptive will make the difference though in the overall textile export basket it is not as a significant slice of the exports basket/pie but end of the day every penny counts and, that is what is killer's instinct in business & war all about.
Wake up call
After all, two major democracies (two tall global economies) cannot remain on loggerheads for ever.
Hope finally earning cycle turns up given that government is firing all its cylinders as we pick up the signals from New Delhi.
Call to action
Considering that after the global shadow boxing of geopolitics finally swords are out 'multilateralism is under significant strain and is being challenged by a rise in unilateral and bilateral approaches'.
Need is to revive animal spirit given "fractured global supply chains".
Credits: This article is automated generated piece of information. The content has partially been edited and reviewed by us.
CONTACT US 
