Home / Knowledge / News / Apparel/Garments / Garment sector may face the burn of fuel price rise
Garment sector may face the burn of fuel price rise
07
Jun '08
The Central Government has increased the Petrol and Diesel prices by Rs. 5/- per litre and Rs. 3/- per litre respectively (4.6.2008)

Shri. A. Sakthivel, President, TEA said though the Central Government has hiked the fuel prices due to increase in imported oil prices, the impact of this price hike will be severe to the garment manufacturing units.

He noted that the garment manufacturing units are already suffering in the power front due to unscheduled power cut observed in Tirupur in the region of 6 to 8 hours per day, which is forcing them to run their own diesel generators daily.

He pointed out that ultimately, the hike in fuel price will result in increase of cost of garment making production proportionately.

The major concern is that the garment making units are no way in a position to pass on the hiked fuel prices to buyers since the units have to be quite competitive to stay in the global market.

Shri. A.Sakthivel said that considering the gravity of the situation, the Ministry of Finance which is now working Duty Drawback rates for garments and other products should take into account the increased fuel cost and this should be factored while arriving the Duty Drawback rates for the year 2008-09.

Tirupur Exporters' Association

Must ReadView All

Textiles | On 24th Jan 2017

Textile industry demands relaxation of laws from Budget

The upcoming Union Budget 2017-18 should focus on relaxing certain...

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Kevin Nelson
TissueGen

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Karan Arora
Karan Arora

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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