Home / Knowledge / News / Textiles / 'Increased import duties on textiles may not be enough'
'Increased import duties on textiles may not be enough'
25
Jul '18
The recent hike in import duties on 50 textile items may not be enough to give the desired boost to the Indian textile and apparel sector. There must also be efforts made to strengthen the infrastructure, and technical knowledge must be more readily available to youngsters for pursuing a career in textiles, according to Gagan Singla, CMO of AngelBroking.
 
This time the focus is only on 50 items where the import duties have been doubled to 20 per cent. As a result of this increase, high-end brands like Chanel, Gucci, Burberry, and Fendi and other companies which sell their attires in India made at different manufacturing hubs will feel the impact, writes Singla in an article for Fibre2Fashion.
 
“Another issue which could need attention is that under such circumstances, where Indian products will cost more owing to increased cost of imported raw materials from abroad, the cost of goods produced in Bangladesh remains unchanged. This is because countries like Bangladesh enjoy free market access in India. Hence, indirectly, they could end up being the biggest beneficiaries of this policy,” feels Singla.
 
However, many also believe that keeping the big picture in mind, the step makes sense. If such a move pays off, then one can expect significant improvement in the apparel segment among Indian brands. Apart from protecting the textiles industry, it could also prove to be a useful tool in providing more employment opportunities.
 
Click here to read the complete article
 

Fibre2Fashion News Desk – India


Must ReadView All

'Knitting machines can be used for various applications'

Textiles | On 21st Aug 2018

'Knitting machines can be used for various applications'

Flat knitting machines have the potential of being used for a number...

Courtesy: Invista

Textiles | On 21st Aug 2018

Fujian Petrochemicals to use Invista's P8 PTA technology

Invista’s technology and licensing group, Invista Performance...

Indian team finds way to cut water use in textile industry

Textiles | On 21st Aug 2018

Indian team finds way to cut water use in textile industry

Researchers at the department of chemistry in Calicut University in...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Top executives
Textile industry

Denimsandjeans India 2018

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

C Dhandayuthapani

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

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Umang Banthia

Established in 2005, SL Banthia Textiles manufactures coated fabrics....

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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