India will be able to bag extra orders worth $three billion for garment exports from the European Union, if the country enters into a Free Trade Agreement with the EU, apparel exports body said on Monday.
Apparel exporters on Thursday expressed the hope that exports would expand by 10 per cent in 2010-11, even as overseas shipments contracted in the last fiscal due to demand slowdown in the EU and US.
The prestigious Cricket Club of India (CCI) covered a portrait of Pakistan Prime Minister Imran Khan, to protest against the dastardly terror attack on the Central Reserve Police Force convoy in Jammu and Kashmir's Pulwama.
Large retailers are allegedly importing apparel made of Chinese fabric from Bangladesh at nil duty, under our free trade agreement with the latter country. However, the same agreement does not permit duty-free export from here.
India is the second largest buyer of Iranian crude, after China.
Rupee depreciation pushes apparel exporters' margins by 5-7%.