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'New US policies helpful in some ways'

30
Aug '18
The new US policies were helpful in some ways, but not in others, said the owner of Must Garment Corporation, which manufactures and supplies garments to brands in the US and EU. In the Middle East, there are no likely TPL extensions possible; hence, the duty-free status will go away in a lot of the countries that has impacted the firm in Bahrain and Oman.

“Now we are moving to Jordan which has a more stable FTA. On the other hand, pulling out of TPP perhaps put the brakes on the possible duty-free status in Vietnam, which might assist us in the long term,” said Sanjeev Mahatani, Must Garment Corporation owner, while talking about new US policies in an interview with Fibre2Fashion.

US is the biggest market of the company that supplies garments to major brands and retailers like JC Penney, Walmart, Macy's, Target, Ann Taylor and Amazon. Must Garment is looking at expanding in other markets like Japan and Europe.

Talking about the company’s business, he said, “Our business continues to expand at a very stable annual rate of 15-20 per cent per year. We believe in building the business brick by brick and step by step, and we do not believe in sacrificing quality or management by over-extending ourselves. We do not manufacture any goods outside of our own facilities.” (KD)

Click here to read the complete interview.

Fibre2Fashion News Desk – India


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