The current global apparel market is estimated $1,100 billion with trade value of $700 billion. European Union is the largest consumer market, reaching $350 billion per annum, whilst China is the largest exporter with $288 billion. Leading countries such as EU, USA & Japan focus solely on highest value stages of textile and apparel value chain, that are designing, marketing & distribution. Meanwhile, the manufacturing activities are concentrated in India, China & other developing countries such as Bangladesh, Pakistan, Vietnam, Indonesia, etc.
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The sharp rise of over 35 per cent in domestic cotton prices since May 2016 will squeeze ginners and spinners profitability by over 15 per cent, says India Ratings and Research (Ind-Ra). Ind-Ra expects prices to remain elevated around the current levels of Rs 120 per kg to Rs 127 per kg till the end of the cotton crop year of September 2016. The spike in cotton prices will adversely impact the profitability of pure cotton ginners and spinners due to their inability to pass on this steep increase to their customers, at once, due to decreasing cotton demand and increased competitiveness of manmade fibre.
The Union Ministry of Textiles has notified the rebate of State levies, which were not refunded earlier to the garment exporters, as announced in the special package for garment sector. The rebate shall be given under the Scheme for rebate of State levies on export of garments in 2016. The scheme will come into effect from September 20, 2016 and will remain in operation for a period of three years.
The Union Ministry of Textiles has notified the rebate of State levies, which were not refunded earlier to the garment exporters, as announced in the special package for garment sector.
The Union Ministry of Textiles has notified the rebate of State levies, which were not refunded earlier to the garment exporters, as announced in the special package for garment sector.
The Union Ministry of Textiles has notified the rebate of State levies, which were not refunded earlier to the garment exporters, as announced in the special package for garment sector.
The Union Ministry of Textiles has notified the rebate of State levies, which were not refunded earlier to the garment exporters, as announced in the special package for garment sector. The rebate shall be given under the Scheme for rebate of State levies on export of garments in 2016. The scheme will come into effect from September 20, 2016 and will remain in operation for a period of three years.