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 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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
March 2017

March 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