PRLog (Press Release) –
Apr 28, 2007 – India is one of the world's oldest major textile exporters and was once by far the largest. However, when quota-restrictions slammed shut the gates to free trade, the country's exports were accordingly channelled and fragmented. Preferential trade arrangements placed further constraints, as both the US and the EU provided duty-free and quota-free access to selected countries. As a result, India now has just over 3% of the global trade in apparel - but despite its low share, India still remains among the Top 10 exporters of textiles and clothing in the world industry.
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