Bloomberg Tax
March 18, 2019, 3:30 AM

India Textile Exporters Eye U.S., Europe After Tax Boost

Indian clothing suppliers to American and European brands say new tax incentives will help them lower prices and reclaim ground they’ve lost to competitors elsewhere in Asia.

A new program to make textile exports effectively tax free comes as buyers in places like the U.S. are looking to diversify their supply chains after years of relying heavily on countries like China, said Sanjay Arora of Wazir Advisors, a textile industry consultancy.

India is the second largest exporter of textiles in the world, selling to companies like Walmart Inc., Target Corp., Gap Inc. and Bed Bath & Beyond ...

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