Textile exporters mull manufacturing elsewhere for US markets

India’s textile and garment exporters are weighing various options, including shifting the final stage of manufacturing to geographies as diverse as Bangladesh, Sri Lanka, Ethiopia, Egypt, Indonesia and Jordan to keep their US business intact after the imposition of 50% tariff. The industry has already pushed out winter orders for the US and is now in the process of working on spring orders for which agreements with US brands have already been signed. Following the tariffs, some of the buyers are asking for additional discounts ranging from 5% to 20%, said a report.

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