INDIA’S HIGH TARIFFS PROMPT LOCAL MANUFACTURE OF INTERNATIONAL BRANDS
October 1st, 2010
BY RAGHAVENDRA VERMA
INCREASING sales in India's domestic knitwear market, improving local manufacturing and the country's high import duty has prompted international brands, such as Marks & Spencer and DKNY to abandon or reduce imports and source their products locally.
"After having burnt their fingers [by selling imported garments in Indian stores], the international brands have realised that without doing sourcing from India they cannot get margins", said Ashesh Amin, president, apparel and retail, of the SKNL Group, (NOTE: NAME & COMPANY ...
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