‘Restoration of the old duty drawback rates’ has emerged to be the biggest demand in the Indian textile industry since the implementation of GST (Goods and Services Tax) in July last year.
Trade Data
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The ‘market access’ issue is impacting the textile trade of India, which has the second-largest integrated textile industry in the world, second to China.
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Bangladesh’s apparel manufacturers have taken an optimistic grand strategy to expand into a US $ 50 billion industry by 2021.
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Department of Revenue (Ministry of Finance, India) has raised the basic customs duty (BCD) on various imported textile yarn, fabrics and raw materials.
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GST has received a mixed response from the textile sector though there has been an initial relief with the reduction in logistic time...
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Textile industry welcomes tax slash on jobwork with open arms; however, many concerns regarding GST continue to prevail in the industry...
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A joint labour report highlights police brutality and illegal detention of women in last year’s Garment Workers’ Protest in Bangalore...
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India International Garment Fair (IIGF), one of the established fairs in the international apparel arena, concluded with a lower buyer...
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