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Reflections

APPAREL EXPORTS ON VERGE OF DECLINE? DO WE NEED ONLY DISCUSSIONS OR ACTION?


The past one month was a very turbulent one as ever since the GST was rolled out there were nationwide protests across the country especially in all textile and fabric clusters like Ahmedabad, Surat, Erode, Tirupur, Ludhiana, and many more. The confusion about GST structure, the clauses, paperwork, refunds, drawbacks and 5% GST on fabrics was condemned by entire textile and apparel industry which is already going through a rough patch due to increasing competition and lower margins. The biggest setback for the industry came in when the Govt announced new taxation policy for drawback rates.

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OPINION LIVE



Do you think exhibitions like Textile India, which recently concluded in Ahmedabad; a dynamic Textile Minister Smriti Irani and new textile policy can really bring in changes in terms of the growth and size of apparel industry of India? What do you think about the future of garment export industry, please share your views?

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