September 23, 2012 9:33 AM

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India to relax fabric sourcing norm from Sri Lanka

India has accepted Sri Lanka's request for relaxation of fabric sourcing for readymade garments export to India. Once the notification by the Government of India is issued, Sri Lanka will be able to export 8 million pieces of readymade garments to India at zero duty under India- Sri Lanka Free Trade Agreement, ISFTA. As per the existing arrangement under ISFTA, India has granted two sets of apparel quotas at zero duty to Sri Lanka. An Indian High Commission release said in Colombo that this issue was raised by the Sri Lankan government during the visit of Commerce, Industry and Textiles Anand Sharma to Sri Lanka in August.

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