Home / Knowledge / News / Textiles / Textile & clothing sector bags new incentives
Textile & clothing sector bags new incentives
27
Jan '10
In order to boost its crumbling textile and clothing sector exports, the South African government will shortly announce a new list of 10 textile and garment product categories which will be eligible for duty credit certificates.

The industry which has been hit by a string of closures and thousands of job-losses has woken the government to announce new incentives to help avoid workers lose more jobs, since it is a labour intensive industry.

The domestic and export textile and clothing sector has witnessed many challenges in the recent past, which include a deluge of cheap and mass produced apparels from Asia, illegal imports and inefficiencies in the production system.

Earlier in December 2008, the government had placed restrictions on the duty credit certificate scheme over allegations of abuse. The scheme entails duty-free imports of key raw-materials to be used for manufacturing products meant for exports.

It was learnt that export trading companies were hiving of the duty credit certificate incentives to domestic textile and apparel companies, other than which it was also not compliant with World Trade Organisation (WTO) rules.

Director in the Department of Trade and Industry for African multilateral economic relations, Mr Xolelwa Mlumbi-Peter said that the 10 products were all input items such as fabrics and yarn and did not include any finished items.

He added by saying that the 10 products on which consensus could be reached, care has been taken to ensure that the duty credit certificates do not undermine production within the customs union.

The scheme which anyway was up for closure in March 2010, in its first version covered 107 product categories and used to cost the government about R550 million annually. The government was contemplating a replacement in the form of a production incentive.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 22nd Sep 2017

Govt announces new duty drawback rates for garments

The Government of India has today announced the new duty drawback...

Courtesy: ITMA

Textiles | On 22nd Sep 2017

ITMA 2019 to focus on smart garment technologies

ITMA 2019, the world's largest textile and garment technology...

Apparel/Garments | On 22nd Sep 2017

New US FTC rule for RN used on textile product labels

The US Federal Trade Commission recently streamlined requirements...

Interviews View All

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Suresh Patel
Sidwin Fabric

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

Giorgio Mantovani
Corman S.p.A

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Rupa Sood and Sharan Apparao
Nayaab

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

Vaanee Bhatia
Gritstones Clothing

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

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

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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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