Category: Domestic

AEPC EXPRESS CONCERN OVER THE DECLINE IN APPAREL EXPORTS BY 39 PER CENT

India’s apparel exports has shown a decline of 39 per cent (in US$ terms) for the month of October’17. There has been an overall decline of 5.94 per cent in the exports of apparels from India as per the data released recently. AEPC has indicated earlier about the decline in exports in the coming days on account of the issues which have arose after the implementation of GST. In the wake of dwindling apparel exports, AEPC has been engaging with the policy makers for an early resolution of the issue which is hampering the apparel industry, post GST roll...

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Stitch Diary to host a webinar on GST, Duty Drawback Rates and Demonetization

Stitch Diary, an educational blog for the apparel industry by expert Mausmi Ambastha, is hosting a live webinar on 20th November from 3 PM IST titled “Change in business tactics for the apparel industry after GST implementation”.The webinar will offer expert advice from Navdeep Singh Sodhi, International Strategic Management Consultant (Gherzi Textil Organisation) and Anuj George Country Head India (ThreadSol). Apparel and textile manufacturers say that the implementation of GST has brought their business to a standstill as their unregistered suppliers and customers refuse to comply with the new tax regime. On the other hand, experts say that GST will...

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Handloom & Handicrafts Industry Demanded GST Reduction From 12 Per Cent to 0

Handloom and handicrafts industry again comes up in protest against the GST rate applicable to them. This protest came even after the 23rd GST council meeting reduced the tax rates on handicrafts and handloom down from 28-18 to 12 percent. The artisans have demanded that the industry must be completely out of the GST purview. All this was demanded in the Craft Council on GST organized for the artisans where they have demanded complete roll out of GST on the Handloom and handicrafts. The president of craft council Kasturi Gupta menon stated that they will take the demands of...

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A.T.E. – INS Hanger tie up

A.T.E. Enterprises Private Limited has joined hands with INA Hanger System to promote INA’s products ​ – computerised hanger systems – in India. INA is a high-tech enterprise mainly specialised in the manufacturing of computerised hanger systems. With a portfolio of more than 100 self-owned intellectual property rights and several software copyrights, ​it is the only company in China that is capable of developing system software according to specific requirements of ​its customers. With the automated transportation of fabric from one sewing station to another, the computerised hanger system helps to increase productivity by 15 – 20 per cent,...

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Liquidity to pay GST is the reason for fall of exports

Reacting to the export data for the month of October, 2017, Ganesh Kumar Gupta, President, Federation of Indian Export Organisations (FIEO) said that the fall was expected as exporters particularly MSME were facing liquidity problem to pay GST for four months in a row without getting any refund. Gupta said that there is immediate need for remedial measures to prevent further decline in exports otherwise the situation may be worse for November, 2017. Implementation of the measures approved by GST Council is not taking place as a result challenges faced by the exporters remain the same, added FIEO Chief....

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