Home / Knowledge / News / Textiles / Increase of drawback rates by India to impact local exporters
Increase of drawback rates by India to impact local exporters
19
Sep '08
The Government of India had recently announced the adjustment of drawback rates on some export products from the textile and garment industry. Among them, tax rebate on texturised yarn was raised from 7.6 percent to 9.0 percent and that of texturised fabrics from 6.5 percent to 7.6 percent.

Although the adjustments are nominal, they are likely to impact the Chinese textile industry. SME exporters from China are very poor at quickly adapting to changing market dynamics, so this decision on the part of the Indian government may affect a significant number of exporters.

The main reason being that Chinese and Indian exporters compete for the same slice of the global markets and Indian exporters also have inherent advantages of cheap labour and easy availability of raw materials.

Some experts have mentioned that a few of the orders have been diverted to India from China in the last two years due to a few anti-dumping measures of the US and the EU.

India growth in exports is very much close to that of China in the last two years and according to experts it may not come as surprise if India was to surpass China in a few years time.

Fibre2fashion News Desk - China

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marten Alkhagen
Swerea IVF AB

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

Giorgio Mantovani
Corman S.p.A

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Pranav Mishra
Huemn

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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