Home / Knowledge / News / Apparel/Garments / RMG products to get duty waiver from India
RMG products to get duty waiver from India
31
Dec '10
The Indian Prime Minister Manmohan Singh is likely to pay a visit to Bangladesh towards the beginning of 2011. During this visit, Bangladesh is expected to obtain a duty-waiver for export of proposed 61 commodities to India.

The Government of Bangladesh had put forward a proposal to India asking for duty-waiver for various products which involves 54 readymade apparels, in an offer to reduce the trade gap between both the countries.

The Bangladeshi Commerce Minister, Faruk Khan also tried to persuade India for the duty-waiver while he paid a visit to India.

According to Khan, the announcement of the duty-waiver is expected either during the Indian Prime Minister's visit to Bangladesh or anytime in the coming year. The prospect of the duty-waiver is quite high as both India and Bangladesh had agreed on the stand in October.

He further added that the Indian Government has taken 61 commodities into consideration for the duty-waiver which is likely to benefit both the countries.

According to the deal signed in 2007, the country, currently, enjoys zero-duty facility in shipping eight million garment pieces to India.

The Prime Minister of Bangladesh, Sheikh Hasina recommended a much wider duty-free proposal for the readymade garments of Bangladesh to India, while she paid a visit to India in January, this year. Bangladesh is also demanding the removal of non-tariff barriers like hidden taxes on garments from India.


Fibre2fashion News Desk - India


Must ReadView All

Ghana makes tax stamp compulsory on imported textiles

Textiles | On 27th May 2018

Ghana makes tax stamp compulsory on imported textiles

To curb illegal imports, Ghanaian authorities will put a tax stamp on ...

Courtesy: Vishal Mega Mart

Apparel/Garments | On 27th May 2018

Partners Group, Kedaara Capital taking over VMM

Partners Group, a private markets investment manager, and Kedaara...

Courtesy: Deckers

Apparel/Garments | On 27th May 2018

Deckers Brands sales soar 8.4% in Q4FY18

Deckers Brands, a global leader in designing, marketing and...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Larry L Kinn
Suominen Corporation

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search