Ritesh Kumar Singh, Corporate Economic Advisor is of the opinion that WTO obligation will force India to phase out all its export incentives for the sector by end of 2015 so it has not augur well for textile industry as it is too focused on export incentive scheme for export promotion. Speaking on the role of trade policy in pushing exports and safeguarding domestic markets threatened by ever-growing low priced imports from countries like Bangladesh and China he said that seeking such sops from the Government, a well-conceived trade pact can open up opportunities on the textile export front, but a badly negotiated free trade pact can lead to unintended consequences, citing SAFTA (Agreement on South Asia Free Trade Area). Texpreneurs Forum is in the process of submitting a report to the Central Government in this regard.
