Home Economy India approves duty free access to garments from Sri Lanks, Bangladesh

India approves duty free access to garments from Sri Lanks, Bangladesh

By NNN-NewsLK

Colombo : India agrees to allow duty-free market access for garments from Sri Lanka and accordingly up to six million pieces will be allowed into the Indian market free of duty.

For an additional two million pieces, exporters will have to pay concessional duties.

Similarly, the Indian Union Cabinet has given its approval to allow duty-free market access to India for eight million pieces of garments per calendar year from Bangladesh without any sourcing conditions.