Coronavirus impact China''s trade: India to benefit in apparel
India is expected to be a preferred market for sourcing of apparel products for buyers from the US, UK Europe and Canada as trade with China had been affected due to the novel coronavirus epidemic, Apparel Export Promotion Council Chairman A.Shakivel said on Wednesday.
Countries which had been depending on China have learnt a lesson they should have an alternative market for sourcing and India was expected to be their preferred destination since the Dragon nation's trade had been hit hard, he said.
Besides, UK's exit from the European Union would also give an edge to India, he said in a release summing up the three-day 47th edition of India Knit Fair, which concluded at nearby hosiery town of Tirupur.
Shaktivel, who is also the Chairman of the fair, said it was organised in the backdrop of current economic scenario.
Tamil Nadu Handlooms and Textiles Director M Karunakaran, who was present on the inaugural day, said the state's Textile Policy would support the growth of ...