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West Bengal to showcase Metiabruz as RMG hub at BGBS 2018
17 Jan '18
1 min read
To double exports of readymade garments (RMG) in the next three years, West Bengal will showcase the Metiabruz zone in south-western Kolkata as a hub for such garments at the fourth edition of the Bengal Global Business Summit (BGBS) to be held on January 16-17. The Rs 10000-crore RMG industry in the state involves around two crore people.
The initiative is seen as a strategic effort to boost the micro, small and medium enterprises (MSME) sector. This unorganized sector contributed nearly 28-35 per cent to the state’s export figures, but is now facing a slump following demonetisation and implementation of goods and services tax (GST), according to a report in top Indian newspaper.
Bengal's garments export turnover grew to Rs 53,649 crore in 2016-17 against Rs 47,857 crore in 2015-16.
The condition of small- and medium-scale traders and manufacturers is pathetic, said Samsuddin Mondal, president of West Bengal Garments Manufacturing Association. (DS)
The initiative is seen as a strategic effort to boost the micro, small and medium enterprises (MSME) sector. This unorganized sector contributed nearly 28-35 per cent to the state’s export figures, but is now facing a slump following demonetisation and implementation of goods and services tax (GST), according to a report in top Indian newspaper.
Bengal's garments export turnover grew to Rs 53,649 crore in 2016-17 against Rs 47,857 crore in 2015-16.
The condition of small- and medium-scale traders and manufacturers is pathetic, said Samsuddin Mondal, president of West Bengal Garments Manufacturing Association. (DS)
Fibre2Fashion News Desk – India
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