Global brands to have least effect due to hike in import duty

Related Keywords: Arvind, cotton, decentralise manufacturing, domestic manufacturers, fabrics and garments, global apparel brands, global fashion brands, Hiking of import duty on textile products, import duty hike, manufacturing of garments, Puma India, raw materials, sportswear, Textile, textile products

Mumbai
Summary: 
Textile giant Arvind, is speeding up it’s efforts to localise end-to-end manufacturing of garments for global fashion brands. More than 80 per cent products of the brands that it sells are Made-in-India, so the impact of import duty hike will be marginal except in some areas. Addition to this the Ahmedabad headquartered company plans to open plants in Gujarat, Jharkand and Andhra Pradesh in a bid to cushion it’s verticalisation plans and decentralise manufacturing.

Textile giant Arvind, is speeding up it’s efforts to localise end-to-end manufacturing of garments for global fashion brands. More than 80 per cent products of the brands that it sells are Made-in-India, so the impact of import duty hike will be marginal except in some areas. Addition to this the Ahmedabad headquartered company plans to open plants in Gujarat, Jharkand and Andhra Pradesh in a bid to cushion it’s verticalisation plans and decentralise manufacturing.

http://www.dfupublications.com/news/hike-in-textile-import-duty-to-have-minimum-impact-on-global-brands/2599-hike-in-textile-import-duty-to-have-minimum-impact-on-global-brands
0

IJMA demands imposition duty on imports from Bangladesh

Related Keywords: boost jute exports, cut production, demand to impose duty, domestic jute bage manufacturers, domestic manufacturers, flooding Indian market, India and Bangladesh, Indian jute mills association, jute geo-textiles, Jute Packaging Materials Act, non level playing, on import of jute goods, SAARC treaty, subsidized jute goods, zero duty

Kolkata
IJMA demands imposition duty on imports from Bangladesh
Summary: 
The Indian Jute Mills Association (IJMA) has raised the demand ahead of the Union Budget to impose duty on imports of jute goods from Bangladesh that has grown by 35 percent in the April-December period of this fiscal at the expense of domestic manufacturers. Over the same period, the domestic jute bags manufacturers have cut production by more than 25 percent.

The Indian Jute Mills Association (IJMA) has raised the demand ahead of the Union Budget to impose duty on imports of jute goods from Bangladesh that has grown by 35 percent in the April-December period of this fiscal at the expense of domestic manufacturers. Over the same period, the domestic jute bags manufacturers have cut production by more than 25 percent.

Under the SAARC treaty, there is zero duty on import of jute goods from Bangladesh, thereby creating a non level playing field between jute manufacturers of India and Bangladesh.

http://www.business-standard.com/budget/article/jute-industry-wants-duty-on-imports-from-bangladesh-115022501055_1.html
0
 
Let Us Know Your Need
click here icon
 
Pricewatch Enquiry
Name
Company
Phone
Email
Country
 
Word Verification
 
News & Views
Canclini 1925 weaves Italian excellence  
  18 Sep , 2019 Read full story  
First traceable ocean plastic fabrics  
  18 Sep , 2019 Read full story  
Chargeurs launches first complete eco responsible collection  
  18 Sep , 2019 Read full story  
 
Prices
 
Market Intelligence
  • Polyester Intelligence
    YnFx's Polyester Intelligence Service consolidates all the information at a click. This service provides the following:
    • Daily Price Trends
    • News & Views
    • Weekly Prices on Polyester Chain
    • Price Forecast Covering 3 Regions
    • Spun Yarn Exports from India
    • Polyester Chain - Demand/Supply Statistics
 
Special Reports
 
Country Reports
  •  
    Who have subscribed this report
    Live Chat online
    feedback button