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GST impact on textiles (What do we need (Industry is highly segmented…

- - - - India has 4.89 % share in global export of textile
      - China has 35 %
      - Bangladesh and Vietnam just next to India
      - World imports of textile and clothing fallen by 2.39 % in 2016
    - - 80 % of China export is MMF based
      - Globally, 65 % of textile and clothing industry consumes MMF , remaining 35 % is cotton based
    - - 80 % of Indian export is cotton based
- - - - so that exorters can quote their prices in the international markets