Fashion
De-risking from China just got easier with India-New Zealand FTA
The world is now moving away from China and the subsequent ‘China +*’ sourcing strategy into ‘China plus multiple sourcing’ options to ensure diversification. The FTA with New Zealand now opens India to trade at a vast level, and levelling the trade dynamics, which have been skewed towards China and Bangladesh.
Sravanti Kancharla, executive director of Supriya Spinning Mills Pvt Ltd and vice chairperson of the women entrepreneurs wing at AP Chamber of Commerce & Industry Federation in an interview with Fibre*Fashion said, “Although New Zealand is not a high-volume market, but it is a high-value market and it actually helps in India**;s positioning as a global manufacturing and export hub.”