DGFT, customs process overhaul, revamp textile PLI scheme, QCO suspension to aid exports: GTRI

To enhance India's garment exports, GTRI recommends suspending QCOs, expanding the PLI scheme, and reforming DGFT and Customs. High import duties and domestic monopolies stifle growth. Supply chain issues worsen the situation. Bangladesh and Vietnam's exports surged from 2013-2023, outpacing India. DGFT's advance authorisation process for duty-free inputs further raises transaction costs.