The Resistance Of China'S Textile Industry Is Increasing, And It Will Catch Up With India In The Next Few Years.

2008/9/5 16:11:00 20

The India government recently announced the adjustment of import and export tax rebates for some commodities. The new tax rate came into effect in September 1st.

Among them, the rebate rate of elastic yarn increased from 7.6% to 9%, and the rebate rate of elastic fabrics was also raised from 6.5% to 7.6%.

"Although the adjustment rate of textile export tax rebate rate in India is not very large, it still has an impact on the Chinese market.

As the second largest textile and garment producer in the world, India has the advantage of cheap labor, diversified raw materials, traditional design techniques and huge domestic market.

The adjustment of India's textile export tax rebate policy will affect a large part of China's small and medium-sized textile export enterprises. The reason is that first of all, the market risk of these enterprises is poor, and on the other hand, the export products of these SMEs have serious homogenization tendency, and the market competition is particularly fierce.

Since 2006, as a result of the restrictions imposed by anti-dumping and the export of textiles and garments from Europe and the United States, some orders have gone to India, making India's export increase 18% in 2006, which is already very close to China.

In the past two years, the situation has become more obvious in 2007~2008.

"I predict that in the next few years, India's textile exports will probably exceed China's growth rate."

Ma Xin Zheng said.