Home / Knowledge / News / Apparel/Garments / Indian garment makers pin hope on removal of excise duty
Indian garment makers pin hope on removal of excise duty
11
Feb '13
Mr. Rahul Mehta
Mr. Rahul Mehta
Indian apparel industry is hoping for the withdrawal of excise duty on clothing and elimination of distinction between branded and unbranded products in the Union Budget 2013-14, to be presented by the Finance Minister later this month.

Speaking to fibre2fashion, president of Clothing Manufacturers Association of India (CMAI), Mr. Rahul Mehta said, “We are hoping that the Finance Minister of India will consider our long lasting demand to remove or reduce the excise duty on garments.”

“We also hope for the elimination of distinction between branded and unbranded apparel products which are encouraging a retrograde shift back to the unorganized status,” he continues.

With regard to clothing exports, he says, “We demand for increased duty drawback, more flexible labor laws and more competitive bank interest rates.”

Talking about the dip in apparel exports, he says, “Cost of living, combined with soaring aspirations of educated young population has moved India from low cost economy to high cost economy and it is affecting the country’s garment exports.”

According to him, regardless of many advantages that the Indian clothing industry has over the garment sector of several other countries, such as decades of experience and efficient work force, buyers are moving on to countries like Bangladesh, since the country offers attractive alternatives, he adds.

“Hence, exporters are now targeting domestic market for the growth of their business,” he mentions.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kerem Durdag
Biovation II LLC

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Robert Brunner
Devereux

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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