Home / Knowledge / News / Apparel/Garments / Thailand garment manufacturers seek tax relief
Thailand garment manufacturers seek tax relief
19
Mar '12
A local garment maker's body has urged the Thailand Government to slash the income tax on earnings from overseas investments and also to help apparel makers enhance their labour efficiency.

Such measures would ease the burden that garment producers would face following a hike in daily minimum wage from April 1, 2012, the Thai Garment Manufacturers Association (TGMA) said.

Following the hike, garment firms in Bangkok, Samut Sakhon, Phuket, Nonthaburi, Nakhon Pathom, Samut Prakan and Pathum Thani would have to pay a minimum wage of 300 baht per day to workers.

Mr. Vallop Vitanakorn, an adviser to TGMA said the hike is more a matter of concern for small enterprises, as it would render them more vulnerable to competition from garment makers in other countries like Cambodia, India, Vietnam, Bangladesh, Indonesia and Sri Lanka.

However, to skip the burden of increased cost resulting from higher wages, several leading garment enterprises have already established their operation base in neighbouring countries like Cambodia, Vietnam and Laos, he informed.

Mr. Vallop said that the current world market scenario is not in favour of garment producers, as economic crisis is not allowing them to raise unit prices in the midst of intensifying competition.

With a year-on-year fall of 19 percent, Thai garment and textile exports for January dipped to US$ 544 million, mainly due to decline in cotton prices.

Thai garment exports for current year are also not expected to cross last year levels of US$ 3.2 billion, owing to rising production cost, Mr. Vallop said.

TGMA would help the domestic garment producers to enhance their efficiency to enable them to retain their export volumes, he added.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search