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Walmart seeks India deals, but garment worker shortage blunts tariff edge

Business Standard LogoBusiness Standard15h ago

Walmart seeks India deals, but garment worker shortage blunts tariff edge - Business Standard

Quick Summary:

But the mood is somber at the Tiruppur textile park as it faces a reality check: India's hopes of capitalising on its tariff advantage are hindered by a skilled labour crunch, limited economies of scale, and high costs.

A survey of 30 leading US apparel brands by the United States Fashion Industry Association showed India had emerged as the most popular sourcing hub in 2024, with nearly 60 per cent of respondents planning to expand sourcing from there.

In Tiruppur, its exports association says the largest 100 exporters contributed 50 per cent of its $5 billion sales last fiscal year, with the rest from 2,400 units, a telling sign of the fragmented and largely smaller-scale operations.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-09 @ 12:07:09 (15 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 1286 words

Reading Time: 8 minutes read

Sentences: 43 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 28508051

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 277 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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Publisher ID: #49

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