Apparel industry is going through a challenging phase: MoS Textiles
The Dollar Business Bureau Minister of State (MoS) for Textiles Ajay Tamta said on Wednesday that India’s apparel industry is going through challenging times and added that the Government has formed a committee to address the concerns and look into the issues raised by the industry. “Apparel industry is going through a challenging phase and to address the concerns of the Industry, a committee has been formed by the Government to look into the issues raised by the Industry,” the Minister said while inaugurating the 60th edition of India International Garment Fair (IIGF) at Pragati Maidan, New Delhi. Tamta further said the textile package announced by the Government is benefiting the sector, immensely. In 2016, the Government has announced a Rs.6,000 crore special package for ...
Hike in wages in garment industry to jack up costs, could affect exports and jobs, AEPC
Sheela Mamidenna Minimum wages in the garment industry if doubled to Rs.18,000 per month will jack up costs, hit exports and lead to job losses, AEPC Chairman Ashok Rajani claimed today. AEPC called on the government to clear the air on the issue. In a letter to the textile ministry, Apparel Export Promotion Council (AEPC) Chairman Ashok G Rajani said there is a lot of confusion surrounding minimum wages after clearance of the Wage Code Bill by the Cabinet. "This has impacted the booking of export orders, and to restore confidence of foreign buyers, it is important that a suitable clarification is issued by the government," Rajani said in the letter. Extending her views on the Chairman's letter to the Textile Ministry, Chandrima Chatterjee, Advisor, ...
FIEO asks for reduced GST rates for job-work in garment making
The Dollar Business Bureau In an open letter to the Finance Minister Arun Jaitley, A. Sakthivel, Regional Chairman, Southern Region, Federation of Indian Export Organisations (FIEO) today made an appeal that, ‘there are a number of activities, which are undertaken by the job-workers in the garment making industry which have been left out of the GST rate of 5%!’ In its recent meeting held on June 11, the GST Council had provided a major relief to the textiles and apparels manufacturers by announcing a sharp reduction in GST rates on certain merchant services from 18% to 5%. Industry leaders had welcomed the move saying that the massive reduction would help job workers to survive and compete with those in the captive manufacturing ...
Maharashtra to set up Rs.300 crore garment park at Solapur
The Dollar Business Bureau The Maharashtra government plans to set up a Rs.300 crore garment park at Solapur, the textile hub of Maharashtra. Inaugurating the three-day International Exhibition on Uniform and Textile, State Textile Minister Subhash Deshmukh said the Government is in the process of acquiring the land, and the work the work will begin on January 26. “The State government would provide infrastructure and all support to complete and launch this unique garment park,” he said. Once the garment park is established, Solapur will become a major hub for providing uniforms to the Armed forces and police personnel in the country. Deshmukh requested organisers to host similar exhibitions outside the country to attract foreign investment. The overall market size of uniform for school, corporate wear and ...
Maharashtra to set up Rs.300 crore garment park at Solapur
The Dollar Business Bureau The Maharashtra government plans to set up a Rs.300 crore garment park at Solapur, the textile hub of Maharashtra. Inaugurating the three-day International Exhibition on Uniform and Textile, State Textile Minister Subhash Deshmukh said the Government is in the process of acquiring the land, and the work the work will begin on January 26. “The State government would provide infrastructure and all support to complete and launch this unique garment park,” he said. Once the garment park is established, Solapur will become a major hub for providing uniforms to the Armed forces and police personnel in the country. Deshmukh requested organisers to host similar exhibitions outside the country to attract foreign investment. The overall market size of uniform for school, corporate wear and ...
AEPC confident that apparel exports could cross $30 bn in next three years
The Dollar Business Bureau The government’s future-oriented initiatives to modernise the country’s textile sector will help push apparel exports to more than $30 billion in the next three years, industry body AEPC said. Referring to the government’s Rs.6,000 cr special package announced in June for the textiles sector, Apparel Export Promotion Council said this move, along with innovative designs prowess will bring about a paradigm change for the industry. "We have an ambitious target for export and job creation in the next three years. The industry is poised to grow in 2017. I am sure we will not only achieve the $30 billion mark in next three years for apparel exports, but have the potential of exceeding the expectation," AEPC Chairman Ashok Rajani said. India’s apparel ...
Govt announces new incentives for garment exporters
The Dollar Business Bureau The government will initiate the process of operationalising the Rs.5,500-crore Rebate of State Levies (ROSL) scheme from September 20. Under this scheme, the revenue department will compensate exporters for state levies. Currently, the exporters get compensated for duty drawback during manufacturing of products for exports. "The main objective of the scheme is to provide for remission of state levies in addition to the duty drawback scheme, through the scheme for ROSL on export of garments on an average basis only," the Central Board of Excise and Customs (CBEC) said in an announcement. In order for the scheme to be effectively operationalised, CBEC said it would designate the office as the DDOs from their current designation as Drawback DDOs. “ROSL scheme will come ...
AEPC signs MoU with Tehran to promote bilateral trade
The Dollar Business Bureau The Apparel Export Promotion Council (AEPC), India’s largest export promotion council, signed a memorandum of understanding (MoU) with the Tehran Garment Union (TGU) on Monday, to promote bilateral trade and industrial cooperation in the textile and fashion sectors between the two countries. The MoU was signed at the 57th edition of India International Garment Fair (IIGF) 2016, which is being held from July 18-20, in Pragati Maidan, New Delhi. Ashok G Rajani, Chairman, AEPC and Mohamad Javad Sedghamiz, Vice President, TGU signed the MoU on behalf of Indian and Iranian bodies, respectively. Rajani said that AEPC and TGU would make efforts to promote bilateral trade and industrial cooperation in the textile and fashion sectors, include sharing experiences and knowledge, cooperate to provide ...
