Home / Knowledge / News / Textiles / Dwindling textile exports seek Govt support
Dwindling textile exports seek Govt support
31
May '08
According to the export data of past four months, growth of textile industry has slowed down considerably. Since textile industry is one of the major pillars of economy, the experts are concerned and aggressively are attracting the attention of Government to this deteriorating situation.

The authorities are being urged to plan and draft support policies that, when introduced, will benefit the textile industry on the whole. With RMB appreciation re-entering an accelerated phase, the industry believes that July is probably the best time to promulgate related adjustment schemes.

It has been noted that weakening of exports is the most concerning issue. Thus, analysts advise that to improve the condition of export enterprises two measures need to be taken. Firstly, it is important to slow down the pace of RMB appreciation, in order to stabilize market scenario. Secondly, Government must pull back textile export tax rebate rates, reasonably.

Experts have pointed out that the pullback rate of textile export tax rebate rate and apparel export tax rebate rate should be different. They have proposed that the rebate-rate for textiles be pulled back to 13 percent and that for clothing be brought back to 15 percent. The proposal is awaiting approval of the State Council.

Another proposal that is yet to be approved, suggests a more flexible plan, so that export tax rebate and RMB appreciation form a correlated balance.

Fibre2fashion News Desk - China


Must ReadView All

Apparel/Garments | On 26th Sep 2017

US raises annual AGOA quota for textiles

The US Committee for the Implementation of Textile Agreements has...

Textiles | On 26th Sep 2017

Thrace-LINQ expanding Dorchester County operations

Thrace-LINQ, a global supplier of fabrics for the textile industry,...

Courtesy: Levis

Fashion | On 26th Sep 2017

Google unveils smart denim jacket with Levi Strauss

Ending the months-long wait, Google has unveiled its smart denim...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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

September 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
75.5%
No
12.2%
Skip
12.2%

Total Votes: 49

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
63.3%
No
24.5%
Skip
12.2%

Total Votes: 49

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
87.8%
No
6.1%
Skip
6.1%

Total Votes: 49

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
71.4%
No
10.2%
Skip
18.4%

Total Votes: 49


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