Author: Arvind Kumar

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...

Read More

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...

Read More

From The Editor

Indian textile industry has welcomed the reduction of service tax rates for job work services in respect of textiles and textile products including MMF yarn, garments, made-ups, etc. falling in Chapters 50 to 63 from 18 per cent to 5 per cent. The industry thanked GST Council and Textiles Minister Smriti Irani for considering the representation and bringing the entire textile job works under the service list of 5 per cent GST. The step will come as big relief to micro and small job work manufacturers in all segments of textile value chain and will allow the free flow...

Read More

From The Editor

Indian garment exports has clocked 18 per cent growth since January 2017 after having remained stagnant for past three years and we hope that similar trend may continue for remaining period this year. India has a huge potential to capture the market space by focusing on manmade fibre (MMF) that is vacated by China in the international textile market due to declining China’s textile exports. Synthetic textiles made from MMF account for 70 per cent of world textile supply and the rest is cotton. China’s annual exports are estimated to be $150 bn. Given the scale of exports from...

Read More

Cover Story

Face To Face

Archives

NEWSLETTER SIGN-UP

Pin It on Pinterest

X