Home / Knowledge / News / Apparel/Garments / Garment prices to appreciate during festive season
Garment prices to appreciate during festive season
Jul '11
Garment prices are likely to appreciate by as much as 40 percent around Navratri and Diwali this year, a top official of Gujarat Garment Manufacturers Association (GGMA) said on the sidelines of the three-day 18th GGMA National Garment Fair, which concluded on July 25.

The 10 percent excise duty recently levied by the Government, approximately 15 rise in labour costs, and an increase in the cost of raw materials, are all expected to be passed on to the customers during the festive season.

He was, however, optimistic that the global slowdown would not affect the garment producers in Gujarat.

“Clothing is one of the basic needs of the people and there is a 20 percent or more of growth in its demand every year. Garment manufacturers have in hand orders till November 2011. So, the demand is robust while the supply is bit restricted,” he said.

He said it was earlier possible for garment producers and retailers to offer attractive schemes to consumers, because of adequate supply as well as administrative and operational costs being under control.

But, it would be difficult this festive season for the retailers to come up with such schemes to attract consumers. Even if such schemes are brought out, the end-prices would be very high, the GGMA official added.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jul 2017

Provide safety net for cotton growers: Congress to Trump

A bipartisan Congressional coalition has called attention of...

Courtesy: ITMF

Textiles | On 20th Jul 2017

ITMF'17 themed on tech, trade, climate in disruptive times

The International Textile Manufacturers Federation (ITMF), an...

Textiles | On 20th Jul 2017

RIL’s Q1 FY18 petrochemicals revenue up 22.9% y-o-y

Reliance Industries Limited (RIL) has reported its financial...

Interviews View All

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Planning to Take the Leap towards

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search