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    Time for India to get garment exports spinning

    2018-05-18T13:02:56+00:00September 20th, 2017|2018/2017, Cover Feature, India Investment Journal September Edition, Year|

    A country-specific export strategy could turn the tide in India’s favour in the sector, explains an industry expert.

    The world apparel trade stood at $445 billion in 2015 down by 8 per cent from previous year. India’s apparel exports grew by 3 per cent in 2015 whereas that of Bangladesh and Vietnam grew by 8 per cent and 16 per cent respectively in the same year. After the phasing out of quotas in 2005, Bangladesh and Vietnam grabbed the opportunity and their apparel exports increased rapidly. Bangladesh surpassed India in apparel exports in 2008 and Vietnam in 2012 as can be seen from the chart below and their apparel exports have been consistently growing and have been higher than India’s exports throughout.

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      GST: Implications for Indian textiles

      2018-05-18T13:02:56+00:00September 20th, 2017|2018/2017, Cover Feature, India Investment Journal September Edition, Year|

      India’s Goods and Services Tax (GST) has the potential to make the country’s textile industry more competitive.

      A long-awaited taxation reform aimed at “One Nation, One Tax” became a reality in India when the Goods and Service Tax (GST) Act was passed in Parliament on March 29 this year and came into effect from July 1.

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        Designing an intricate growth strategy for the future

        2018-12-31T12:00:15+00:00September 19th, 2017|2018/2017, Cover Feature, India Investment Journal September Edition, Year|

        The Indian textiles sector has received much-needed attention but its future continues to hang in balance unless bold initiatives begin to pay off. The Indian textile industry is the country’s oldest, going back five millennia, and its modern day avatar employs more than 45 million people, making it the country’s second largest employer after agriculture. Over the last couple of decades, however, this industry has been facing global and domestic headwinds that are threatening its continued wellbeing. But governmental and [...]

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