Home / Knowledge / News / Apparel/Garments / Rising garment imports from Bangladesh a concern: FICCI

Rising garment imports from Bangladesh a concern: FICCI

09
Aug '18
Courtesy: Unsplash
Courtesy: Unsplash
Welcoming the Union government’s decision to increase basic customs duty to 20 per cent on 328 textile items, the Federation of Indian Chambers of Commerce and Industry (FICCI) has said that the issue of rising garment imports from Bangladesh remains an area of concern for the industry. India gives full exemption of basic customs duty for Bangladesh.

The Government of India has doubled import duty on 328 textile products to 20 per cent from the earlier 10 per cent under Section 159 of the Customs Act, 1962, in order to provide a boost to domestic manufacturing. This list of 328 items is in addition to the 50 textile products on which the government had doubled import duty last month.

The move is very much in the direction to encourage domestic manufacturing and will give a further relief to domestic textile and carpet manufacturers, said Shishir Jaipuria, chairman, FICCI Textile Committee.

“The measures taken by the government in last few months for the textiles sector have been very encouraging and given confidence to the domestic textile industry that has been reeling under the pressure of growing competition and rising cost,” said Jaipuria in a FICCI press release.

“This has also given us the hope that the government will address the issue of rising garment imports from Bangladesh, which remains an area of concern for the industry, due to full exemption of basic custom duty from Bangladesh,” he added.

Jaipuria stated that the garment and carpet industry was under immense pressure after implementation of GST. A substantial drop in import duty was observed after implementation of the GST, which has encouraged cheaper imports. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Philippines wearable industry expects 20% export growth

Apparel/Garments | On 17th Aug 2018

Philippines wearable industry expects 20% export growth

The combined export growth of textile, garments and other wearable...

Respresentatives of over 30 Chinese companies in a meeting with officials of Kazakh Invest National Company; Courtesy: primeminister.kz

Textiles | On 17th Aug 2018

Kazakh-China cooperation in textiles explored in Astana

China and Kazakhstan have immense potential to cooperate in textiles...

Courtesy: Pexels

Textiles | On 17th Aug 2018

AWEX EMI closes at highest ever level of 2116ac clean/kg

The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI)...

Interviews View All

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Urmil Arya

Sushila International, a well established textile organisation established ...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

Leave your Comments


August 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search