Vietnamese textile and clothing (T&C) enterprises are losing their competitiveness due to high costs of logistics services for exports, experts have said.
Search Results: apparel exports (1171)
Prashant Group, established in 1975, is one of India’s prominent and fast growing Textile Machine manufacturing companies.
The India Government raised the import duties on a large number of textile apparels, fibres and related products such as carpets by up to 20 per cent. Spread across 37 broad tariff areas, the import duties, however, target products for which India?s imports are low.
Vietnam’s textile and garment industry is expecting exports to reach up to $200 billion by 2035 thanks to investment in new technology and automation, and a shift in production methods.
The special package was raised considering the fact that there were blockages of funds in previous year as very few GST refunds were cleared between July and December, says Avinash Mayekar.
Apparel exports have declined by 14 per cent in rupee and 8 per cent in dollar terms in January this year compared with the year-earlier month, latest data showed. Exporters cutting back on orders because of funds crunch and the delay in refund of levies hurting industry, say sources.
Finance Minister Arun Jaitley in the Union Budget 2018-19 raised special package by 19 per cent to Rs 71.48 billion for apparel sector to boost exports. In 2016, the government had announced a special package of Rs 60 billion for the same purpose.