In this issue

Finally the Government Wakes up To Downfall?
After a long hibernation to problems related to downfall of the Indian economy finally
the moment has come when the Government has realised that if mandatory steps will
not be taken immediately all the important industrial sectors will not sustain. After
taking away MEIS scheme the Government has now come up with Remission of Duties
or Taxes on Export Products (RoDTEP), a new scheme announced by FM Sitharaman
which will replace the premier Merchandise Exports from India scheme (MEIS) for all
goods exported. Exporters earn duty credits at fixed rates of 2 per cent, 3 per cent and
5 per cent, depending upon the product and country. Officials said the rates are yet to
be decided in the new RoDTEP scheme but it will be based on previous method.
While FM must be happy announcing a number of new schemes to safeguard textile
and apparel industry the industry reacted differently and claimed it to be a small
relief in a big catastrophic condition. Most of the players our team interacted with
complained that changing policies randomly does not help but affects business in a big
way especially exporters who take orders well in advance and by the time the
payment time comes the policy is changed and altered

Apparel Exports Need Fresh Lease Of Life… But How???? A Report..

Last few months have been catastrophic for apparel exports industry of India. One after the other the industry was struggling with one or the other challenge. While global competition is one aspect of the challenges within the country at the moment is being regarded as the biggest deterrent to the slow situation of the industry. Burdened with higher tariffs than their competitors, the exporters need more incentives and protection to stay afloat. India’s foreign trade policy pundits need to renegotiate tariffs on apparel exports with the EU and the US to tackle the emergent economic slowdown in the country. The apparel industry is the country’s largest low technology employer after agriculture, with 45 million workers, contributing two percent of GDP and 15 percent of export earnings.

10 mins

Lectra Offering Solutions For Smart Factories & Fashion

The Conventional fashion supply chain model is too opaque, fragmented and slow to respond to diversified consumer demands, quickly enough to satisfy the customers.

2 mins

Peppermint Clothing Creating Complete Range In Kidswear

Automation & Productivity Core Focus Areas Eyes Turnover of Rs 300 cr in next few years

5 mins

Indian Manmade Fibre (MMF) Industry In Jeopardy: Increased Imports And Esclated Cost Affects Industry

Working out tax rates for different goods and services was a huge challenge for India’s Goods and Services Tax (GST) Council. Although the GST has taken under consideration a significant part of the industry - cotton and natural fibers, distortion has been introduced in the GST system, through the ‘inverted’ duty structure on man-made fibers. Man-made fiber and synthetic yarn attract an 18% GST rate as compared to 12% excise duty, while the fabric produced from these fibers is taxed at 5%. This creates a situation where the input is taxed at a much higher rate than the final product.

3 mins

GTE Celebrating 20 Yrs Of Excellence At 2020 Edition

The Garment Technology Expo (GTE’20), one of the most trusted brands as far as exhibitions related to apparel technology is concerned is geared for its 20 years of establishments and success in the garment industry.

2 mins

Manufacturing Excellence It Is All About Widening Horizons

To answer this question, Team PERFECT SOURCING interacted with experienced professionals with years of experience in management, manufacturing, lean management, merchandising, sourcing, factory set up and more. Now working as consultants to many well-known apparel units, their knowledge and experience has supported many. In a face to face encounter with them Team PERFECT SOURCING brings to you the most important aspects of manufacturing and achieving excellence therein.

10+ mins

APD Exports' Geared For A New Knits Factory

The company has production units in Bangalore with 350 machines and can manufacture about 1,20,000 garments/month. The Bangalore processing factory has been working with buyers like s. Oliver, Espirit, Shopco and Kohl’s and the factories.

3 mins

Luxury Trinkets: The New Fashion Wave

Wallets, Key chains & Leather the new Additions in Retail Chians.

4 mins

Fairs & Events

Textile Industry Positive About Growth: F&A Show Sees Good Response.

2 mins

Industry Relieved As Government Clarifies Minimum Monthly Wages  Not Going To Be Fixed At Rs 18,000.

After a lot of confusion and debate over the increase in minimum wages as per the new labour laws, the Government has finally given some relief to the already struggling garment industry by stating that the minimum monthly wages are not going to be fixed at Rs 18,000/-. Prior to this, The Apparel Export Promotion Council (AEPC) had urged the Indian Government to clear the confusion over minimum wages for the garment sector at the earliest, as a clarification would restore the confidence of foreign buyers.

3 mins

Creating Niche In Innerwear Segment-Palash Overseas

Creating Niche In Innerwear Segment-Palash Overseas

4 mins

Velvet Traditional Yet Influential In Fashion

On the other hand, a few people have differing opinions about velvet. “New government policies have affected the business a lot, demonetisation had already caused a huge loss and GST has simply added to those wounds. 12% GST rate solely on velvet whereas GST on other fabrics is only 5%, has closed doors for export for many like us” said one of the officials from Kedarnath Velvet. He also said that even though Velvet is trending worldwide, exports are suffering due to taxation schemes in India. Also, China is hugely competitive.

3 mins

Implications Of GST: A Double Edged Sword

It seems that confusion related to GST will not fizzle out soon as industry players from both the apparel and textile sectors are very often seen raising their concern about GST and the confusion related to it.

4 mins

Andhra Pradesh Becoming Next Big Destination for Manufacturing Apparel

The Andhra Pradesh government is encouraging the textile sector in a big way and entrepreneurs should make use of the benefits being offered by the state government as well as the special package given by the Centre in the budget to set up more units, said K Srikanth Prabhakar, Joint Director in the Office of the Commissioner of Handlooms and Textiles.

3 mins

After Effects of Donald Trump Begin…

US Govt Imposes Tax on Goods Imported From Other Countries.

5 mins

Think Beyond Cotton

Quest To Replace The Indispensable Fibre.

10+ mins

LIVA Launches First LAPF Studio In Noida

Studio equipped with latest technologies ensuring complete solutions for fabric sourcing.Inauguration in the presence of Ridhima Kapoor Sahni & designer.Brainchild of NAEC, President, Lalit Thukral, who shared the idea with LAPF team to have a one stop solution for all type of fabrics for fast sampling and efficient production in Noida Cluster.

4 mins

GST Good or Bad... The Debate Continues

AEPC Chairman Ashok Rajani shared his response on GST and its impact on the Apparel Sector with Team Perfect Sourcing. Excerpts. . .

7 mins

Fast Fashion

Corrupting Fashion Industry…..

5 mins

Why Being Cotton Surplus

India is still Suffering Shortage?

3 mins

Vijay Mathur, Additional Secy Gen, AEPC Discusses Advantages Of Investing In Jharkhand With Team Perfect Sourcing

The Raghubar Das led Government has made elaborate plans for industrialising Jharkhand, with emphasis on the garment and apparel sector which can see fast growth if these plans are implemented effectively. Vijay Mathur, Additional Secretary General at the Apparel Export Promotion Council (AEPC), explains why the eastern state could emerge as a major production hub for the garment industry in the future.

3 mins

Is Japan Still A Flourishing Market For India?

The signing of the free trade agreement between Japan and India had raised hopes of Indian exporters, particularly the garment and textile exporters, of having good business in that country; however, the weakness of the Japanese economy has affected gains that could have come out of it.

4 mins

Textile Printing In Fabric Industry Going Digital

Entrepreneurs in the textile industry are profoundly investing in the digital technology, which has proved to be the fastest growing method of textile printing domestically and globally. Initially, flatbed and rotary screen printing methods have controlled the textile printing market for a long time.

5 mins

Jharkhand: An Upcoming Manufacturing Hub

Jharkhand, one of India’s newest states, was carved out of the southern portion of Bihar in 2000 with the centrally located city of Ranchi as its capital. Taking a proactive stance in attracting large scale investment for manufacturing world class facilities and realising the Prime Minister’s vision of ‘Make in India’ and ‘Zero Defect-Zero Effect’ at each level of the value chain, Jharkhand has introduced Textile, Apparel and Footwear Policy 2016. The Government of Jharkhand understands that the Textiles, Apparel and Footwear industries play an important role in the economic growth of the State. These are recognised labour intensive industries and with this vibrant policy, Jharkhand will be able to provide employment to its people, who otherwise tend to migrate to other places in search of jobs. Introduction of this new policy in Jharkhand will not only augment employment in the State, but also lead to greater skill development and capacity building.

5 mins

Indian Textile Industry Stands United Against GST Implementation On Fabric

Strikes ends After Discussions with FM; Business to Resume in Few Days.

5 mins

Textile Update

Donear Group Acquires GTBL, Grasim's PV Suiting Fabrics Business

2 mins

GTE Debuts In Ahmedabad

Exhibition to begin from 18 August.

2 mins

Rajlakshmi Cotton Mills

Winning accolades from fibre to fashion plans sustainable factory in greater noida.

5 mins

Is E-Commerce Greener Than Traditional Trade?

When E-commerce is at its boom, there are many budding entrepreneurs who want to join the bandwagon. Another thing that lingers over the minds of young generation is sustainability. The question is, what is more eco-friendly and profitable at the same time- e-commerce or brick and mortar stores? People often argue that e-commerce is greener than the traditional stores. The online retailers such as Amazon claim that online shopping is more environment friendly than traditional retailing. But there have been a lot of surveys to find the truth that indicate reality is far from what Amazon claims. One cannot side line the fact that carbon footprint generated by shoppers depends on various factors such as IT infrastructure, packaging and emissions from vehicles. And the studies prove that e-commerce emits lesser greenhouse gases as compared to traditional shopping.

2 mins

Boom Clothing: Eyes Domestic Market While Execelling In Exports

Samit feels that the Indian Government, by reducing duty on cotton imports is benefiting the ‘make in India’ concept and getting buyers to deviate to India. “There are many products still unexplored in India, for example, lingerie and sportswear-which is a big market.

4 mins

Read all stories from Perfect Sourcing

Perfect Sourcing Magazine Description:

The leading publication for the Indian export textile & apparel Industry.The magazine is distributed free of cost at more than 30 national and international B2B fairs and exhibitions related to apparels, home textiles, hard goods, denims, machinery and, accessories. We have a good presence at industry conferences, seminars, symposiums, etc.With a circulation of 27,000 copies every month we offer you the opportunity to be in front of approx. 30,000 potential clients who are either the Chairman, MD’s, CEO’s CFO’s COO’s, Owners, production and merchandising teams in textile, home textile, fabric, testing, apparel, floor coverings, handicraft, rugs and retail market of India, who make decisions on company’s behalf.