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Duty drawback rate cut upsets TEA
The Tiruppur Exporters’ Association (TEA) is dismayed on the reduction of duty drawback rates on apparel items. In this revised list, the government has reduced rates for value-added ready-made garments while improving rates for raw materials like cotton, yarn and fabrics.
Hike, & cut too in duty drawback rates
The Indian Government has marginally increased duty drawback rates for several textile items, applicable for the year 2018-19. However, there is a marginal decrease in the duty drawback rates of apparel items.
Intex South Asia: Fuelling global apparel market
The fourth edition of Intex South Asia has transformed into a comprehensive trade show and business intelligence conference, attracting hundreds of apparel and textile entrepreneurs and manufacturers from around the world.
Mafatlal to foray into apparel biz
Mafatlal Industries will make a foray into apparel business by introducing ready-to-wear fashion wear at affordable pricing.
US apparel sector to see 5% profits
US apparel and footwear industry operating profits are expected to be three to five per cent this year. Conditions are expected to remain challenging in the first six months and will begin to improve in the second half.
Brazil to host IAF annual meet in October
The annual International Apparel Federation (IAF) convention will be held in Brazil on October 17 to 18, 2017. IAF is the only federation in the world that has relationships with apparel associations in over 60 countries, including the US, India, China, Germany, France, Italy, South Korea and Taiwan.
Korea’s fashion market to grow 3.3%
With major apparel companies revving up to expand their presence within South Korea and abroad, the fashion market in South Korea is expected to grow 3.3 per cent this year.
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