Author: Arvind Kumar

From the editor

Textile sector is among the largest contributors to India’s exports with 13 per cent of total exports. The year 2017 turned out to be a mixed bag for the textiles sector. In November, the Textiles Ministry notified post-GST rates under the scheme for Remission of State Levies (RoSL) on exports of readymade garments & madeups. For garments, the rates range between 1.25 per cent and 1.70 per cent and for made-ups between 1.40 per cent and 2.20 per cent effective from October. The government also enhanced the rates under Merchandise Exports from India Scheme (MEIS) on readymade garments and...

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From the editor

The Ministry of Finance has increased the Merchandise Exports from India scheme (MEIS) rates for readymade garments and made-ups from 2 per cent to 4 per cent for a period of 1.11.2017 to 30.6.2018 on 24th November 2017. The industry has welcomed this announcement and thanked the government for this initiative. The enhancement in MEIS rates is a big relief to the garment export sector at this hour of crisis. It will also help in the mitigation of the currency difference to some extent. However, the industry is disappointed over the announcement of the RoSL as the rate is...

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From The Editor

Indian textile industry is one of the largest textile industries in the world. Today, Indian economy is largely dependent on textile manufacturing and exports. India earns around 27 per cent of the foreign exchange from exports of textiles. Further, Indian textile industry contributes about 14 per cent of the total industrial production of India. Furthermore, its contribution to the gross domestic product of India is around 3 per cent. Indian textile industry involves around 35 mn workers directly and it accounts for 21 per cent of the total employment generated in the economy. But there is a huge drop...

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From The Editor

Indian apparel export industry has welcomed the measures taken by the GST Council under the Chairmanship of Arun Jaitely, Union Finance Minister. These measures will give immediate relief to the apparel exports sector, which has been going through a difficult phase due to various factors. These include reduction in the rate of GST on manmade items viz synthetic filament yarn such as nylon, polyester and acrylic etc. and artificial filament yarn, yarn of man-made staple fibres, real zari from 18 to 12 per cent. The GST council has also made a provision for refund of GST for the month...

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From The Editor

The apparel export industry has asked the government to clear the confusion prevailing on the issue of minimum wages under code of wages for the garment industry. This has impacted the booking of export orders, and to restore the confidence of foreign buyers it is important that a suitable clarification is issued by the government. In the present stressful and challenging times, any additional burden on account of doubling the minimum wages from the present about Rs. 9,000/- per month to Rs. 18,000/- will make garment manufacturing unviable and unsustainable in future. Further, AEPC has asked the Ministry of...

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