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
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