More good news in offing for textile sector from Govt.
Nov '08
The Minister said, “Since July, the government has raised the export drawback rates twice now it will come with different credit and fiscal measures to help the badly affected textile and garment industry”.
But she categorically said that the onus lay at the doorsteps of the companies themselves to lift themselves out from this economic quagmire by innovating continuously and revisiting their strategies.
Annual growth of apparel exports has dropped to a miniscule 2.8 percent in the first ten months of the current year from the heady and high 22.9 percent achieved in the same period of the previous year.
In addition to the export rebates the state has also revised Value Added Tax (VAT) laws with a aim at reducing the tax outgo and has also set up a mechanism to providing loans to SMEs through government guarantees.
Fibre2fashion News Desk - India
Must ReadView All
Textiles | On 14th Dec 2019
No retroactive anti-dumping duty on US PTY import from PRC
As the US International Trade Commission has not found critical...
Retail | On 14th Dec 2019
7000 Hong Kong retail establishments may close down: HKRMA
Some 7,000 licensed retail establishments out of 64,000 in Hong Kong...
Information Technology | On 14th Dec 2019
Attune delivers SAP S/4HANA for fashion brands
Attune has successfully completed multiple SAP S/4HANA for fashion...
Interviews View All
Top executives
Textile industry
Overall, Union budget 2018-19 is very balanced
Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd
Increasing prices and lack of demand main issues facing industry
Ajay Ghariwala
Luthra Group
We are ready to adopt or follow every opportunity
Incorporated in August 1990, Filatex India Ltd manufactures manmade...
New Delhi-based Jogindra Industries Private Limited provides an assortment ...
Fabusse is a Lebanon-based fashion agency that offers a variety of...
Kevin Nelson
TissueGen
Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...
Suresh Patel
Sidwin Fabric
Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...
Chunyi Zhi
City University of Hong Kong
<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...
Divvya and Nidhhi Gambhir
Walnut
<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...
Nisha Chanda
Whistling Woods International School of Fashion
<div>A lack of upgraded courses in costume designing and fashion as per...
Aprajita Toor
Aprajita Toor
The creations by Aprajita Toor were born out of a deep desire to create...
Leave your Comments
Recommended
