Apparel output drops 10.4% in Apr-Jan; Industry expresses concern
The Dollar Business Bureau India’s apparel production has shown a decline of 10.4%, during the period April-January 2017-18, according to the India Industrial Production (IIP) data released by the Ministry of Statistics and Program Implementation. The production of apparels is witnessing a continuous decline since May 2017, on month-on-month basis. From a positive growth of 1.3% in April last year, the production declined by 5% in the month of May. In June, the decline was 3.2% while in July, it recorded a dip of 5.1%. In the months of August, September, October, November and December, the apparel output recorded a drop of 6.4%, 7.2%, 11%, 13.1% and 13.5%, respectively, as per the IIP figures. Commenting on the decline, HKL Magu, Chairman, Apparel Export Promotion Council (AEPC) ...
Apparel industry is going through a challenging phase: MoS Textiles
The Dollar Business Bureau Minister of State (MoS) for Textiles Ajay Tamta said on Wednesday that India’s apparel industry is going through challenging times and added that the Government has formed a committee to address the concerns and look into the issues raised by the industry. “Apparel industry is going through a challenging phase and to address the concerns of the Industry, a committee has been formed by the Government to look into the issues raised by the Industry,” the Minister said while inaugurating the 60th edition of India International Garment Fair (IIGF) at Pragati Maidan, New Delhi. Tamta further said the textile package announced by the Government is benefiting the sector, immensely. In 2016, the Government has announced a Rs.6,000 crore special package for ...
Smriti Irani inaugurates 44th edition of IHGF-Delhi 2017
Aamir H Kaki Textiles Minister Smriti Irani on Thursday inaugurated the 44th edition of Indian Handicrafts and Gift Fair (IHGF) 2017, organised by Exports Promotion Council for Handicrafts (EPCH), at India Expo Centre and Mart in Greater Noida. In her address, she said, “I hope that the delegates who will come to attend the IHGF from over 100 countries would have more and more B2B engagements with the representatives and export houses, which are exhibiting their products at the Fair. Irani congratulated the EPCH for taking initiatives to take care of the education of children of artisans, working with the industry and export houses. “For education, 25% cost would be borne by the export house itself and 75% by the EPCH CSR activities,” ...
AEPC demands refund of IGST on apparel machinery import
The Dollar Business Bureau Exporters’ body Apparel Export Promotion Council (AEPC) has asked the Ministry of Finance for the refund of Integrated Goods and Service Tax (IGST) paid on the import of machinery used by apparel manufacturer exporters. AEPC, in a letter written to Ministry of Finance, has stated that after the implementation of GST from July 1, 2017, apparel exporters are required to pay IGST up to 18% on assessable value plus basic customs duty (BCD) while clearing shipments of capital goods under the Export Promotion Capital Goods (EPCG) scheme. “The incidence of a very high IGST without any corresponding relaxation for export obligation has rendered the EPCG scheme unattractive,” AEPC said in a statement. In the letter written to GK Pillai, Chairman ...
RoSL on garments exports to continue at pre-GST rates for 3 months
The Dollar Business Bureau The Finance Ministry on Wednesday notified the continuation of pre-GST rates of Rebate of State Levies (RoSL) on the export of garments and textile made-up articles for the transition period of three months after the implementation of the new tax regime. “It is to bring to your notice that Ministry of Textiles has issued notification no. 12020/3/2016-IT (Pt.) dated July 31, 2017 restoring the pre-GST RoSL rates that were revised downwards with effect from July 1, 2017. This has been made effective for a transition period of three months i.e. July 1 to September 30, Central Board of Excise and Customs (CBEC) in its circular (no.34/2017-CUS). Earlier, post-GST, the CBEC in a notification (no.14/26/2016-IT) dated June 27, had revised ...
Garment exporters can claim RoSL at pre GST rates till September
The Dollar Business Bureau The Ministry of Textiles issued a notification on August 1, as a transitional arrangement for the period July-September 2017, exporters of garments and made-ups can claim remission of state levies on rates there prior to the introduction of GST. Under the remission of state levies (RoSL) garments and exporters of made-ups are entitled to claim refunds of the levies paid, from the Central government. Post GST many exporters were demanding that the government retain RoSL under the duty drawback scheme which was announced by the Central Government in 2016 as part of the Rs.6000 crore package, announced by the textile ministry. In a notification on August 1 which reads, ‘In order to support exporters of garments and made-ups, the Government ...
India to ink MoU with Japans QTEC to boost textile exports
The Dollar Business Bureau The Government of India has decided to ink a memorandum of understanding (MoU) with Japan Textile Products Quality and Technology Centre (QTEC) for jointly setting up and encouraging quality compliance activities. The textiles and clothing industry in India is targeting to enhance its exports to Japan, conforming to quality standards of the country’s market, the Ministry of Textiles said in a statement. In this context, it has been decided that a helping hand will be extended to the domestic textile industry for better understanding the quality requirements of Japan, specifically related to textiles and apparels. “It was decided by the Government of India to enter into an MoU with Japan's QTEC through the Textiles Committee, with a view to jointly establish and encourage quality compliance ...
Textile exports fall 4.5% to $26 bn in Apr-Dec
The Dollar Business Bureau India’s textiles exports fell about 4.5% to $26 billion during April- December of 2016-17. "The exports of textiles during 2016-17 (April-December) were $26 billion compared to $27.2 billion during 2015-16 (April-December)," Ajay Tamta, Minister of State for Textiles said on Friday in a written reply to the Rajya Sabha. During April-December 2016-17, the country’s total production of man-made fibre was 1,037 million kg and spun yarn production was 4,254 million kg. Tamta pointed out that the government has taken several initiatives to develop textiles industry. “Several schemes including technology upgradation fund scheme and other schemes for integrated textiles parks will help exports for the industry.” The industry’s 2016-17 growth visions were impacted by the government’s demonetisation drive last year. The industry ...
