Home / Knowledge / News / Apparel/Garments / 'US duty-free status offsets high energy rates in Jordan'
'US duty-free status offsets high energy rates in Jordan'
15
Oct '14
Mr. Sanal Kumar
Mr. Sanal Kumar
“The increased price we pay for energy can be very well offset by the duty free status the country enjoys, thereby the factories in Jordan can get better price from its customers to offset the increased cost we pay for energy,” said an Indian origin entrepreneur of a Jordan based apparel factory.

Sanal Kumar – CMD of Classic Fashion in an exclusive chat with fibre2fashion discussed the investor-friendly attitude of the Jordanian government and also refuted allegations of Classic Fashions being in the news on non-compliance issues.

Classic Fashion has grown from a mere $2 million turnover in the year 2003 to $250 million in this year, and majority of these sales came from its old trusted customers like Wal-mart, HanesBrands and Jones Apparel Group.

Sharing his views on energy shortages, which are some of the major disadvantages of the textile industry of Jordan, he added, “Though there are power crises and energy shortages, but the country supplies enough and uninterrupted energy at a price.”

On Jordan being an attractive destination, he said, “In an FOB of a garment, 70% goes for fabric and accessories and the balance 30% is its making cost and profit. Since the US import duty on synthetic garments ranges between 30-33%, it gives a definite price advantage for products of Jordan origin.”

“Moreover, Jordan is a zero red tape and almost corruption free country. Further, it helps investors bring expert machine operators from all over the world, which helps us export best quality products to USA. Moreover, Jordan is free of strikes, stoppage of work, etc., which helps to meet delivery deadlines,” he informed.

On allegations of noncompliance issues and worker right abuses at Classic Fashion, he explained, Classic Fashion was always a well complied factory and it is in the Golden List published by the Ministry of Labor, since inception of the Golden List in 2006.

“The company enjoyed its customers confidence at all times and none of its customers ever dropped Classic Fashion from their supply chain. Rather, we have grown from a mere $2 million turnover in the year 2003 to a $250 million company in this year.

“Further we have succeeded in adding prestigious brands like Under Armour and NIKE this year. None of these brands would have ever come or stayed with us, if we were non-complaint. We are the single largest garment exporter of Jordan, exporting 18% of country's garments export by value.”

Click here to read the whole interview.

Fibre2fashion News Desk - India


Must ReadView All

GMAC urges Cambodia to push fabric-forward rule in RCEP

Apparel/Garments | On 17th Oct 2017

GMAC urges Cambodia to push fabric-forward rule in RCEP

Representatives from the Garment Manufacturers Association of...

Alibaba to invest $15 billion in DAMO Academy for research

Textiles | On 17th Oct 2017

Alibaba to invest $15 billion in DAMO Academy for research

Alibaba will invest $15 billion over the next several years in its...

Pressure on  Indian textiles exporters to ease by Q3: ICRA

Textiles | On 17th Oct 2017

Pressure on Indian textiles exporters to ease by Q3: ICRA

Pressures on the profit and debt levels of textiles exporters is...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Manfred Mentges
Sedo Treepoint GmbH

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

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Judy Frater
Somaiya Kala Vidya

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

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

October 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
Sustainability?

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

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

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

Yes No

Active Poll

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

Yes
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

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

Yes No

Active Poll

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

Yes
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

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

Active Poll

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

Yes
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


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