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India: RMG exporters to set up new portal to facilitate buyers

Readymade garment exporters are working on modalities to set up a portal for exporters which will list their products category-wise on the lines of e-commerce to facilitate buyers. This mechanism will make it easy for the buyers to reach out to potential exporters.

When an importer searches for a particular product, the software will send mailers/alerts to all exporters who produce such items and also to the importer. This will increase buyer-seller interface and help both importers and exporters. The portal will be a boon for Punjab and Haryana as these two states house over 200 readymade garment exporters having base of around 2 million workers.

Readymade garments exports increased by merely 2.2 per cent to $7.8 billion during the April-September period. This was mainly due to the fact that Indian textiles were not competitive enough and around 10 per cent costlier than other countries. Also, Indian exporters face higher trade barriers as compared to countries like Bangladesh, Vietnam and Pakistan in the US and the European Union (EU). The average tariffs levied on Indian textile exports are around 6 per cent in the EU and 6.2 per cent in the US as compared to zero per cent and 3.9 per cent, respectively, on the exports from Bangladesh.

 
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