Perfect Sourcing - September 2018
Get Perfect Sourcing along with 5,000+ other magazines & newspapers
Try FREE for 7 days
Latest and past issues of 5,000+ magazines & newspapers
Digital Access. Cancel Anytime.1 Year$99.99 $49.99 Save 50%
Latest and past issues of 5,000+ magazines & newspapersDigital Access. Cancel Anytime.Get Perfect Sourcing
Buy this issue $1.99
September 2018 issue Digital Access. 
Subscription plans are currently unavailable for this magazine. If you are a Magzter GOLD user, you can read all the back issues with your subscription. If you are not a Magzter GOLD user, you can purchase the back issues and read them.
- Magazine Details
- In this issue
Magazine Description
In this issue
CAN DOLLAR FLUCTUATION AND US AND CHINA TRADE WAR BRING BACK GLORIOUS DAYS? As the dollar index rose to its highest level, crossing Rs 70 mark, exporters anticipated a positive impact whereas, the importers are worried as the raw material, like fabrics, accessories and machines coming from other countries, will now be available at higher prices. According to Motilal Oswal report, rupee fell to fresh record low levels primarily on back of surge in global crude oil prices and on expectation that higher crude oil prices will start hurting India’s import bill. Major Asian as well as emerging market currencies remains under pressure and that also is weighing on the rupee. As far as the apparel trade is concerned it is observed to be coming back on the growth trajectory with an estimated growth of 4-5% in the first half of CY2018 and 2% in CY2017 in US dollar terms. The positive trend in the global apparel market is being led by the strong recovery in apparel imports by the European Union (EU), which accounts for two-fifth of the global apparel trade, it added.
Cancel Anytime [ No Commitments ]
Digital Only
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.
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.
Peppermint Clothing Creating Complete Range In Kidswear
Automation & Productivity Core Focus Areas Eyes Turnover of Rs 300 cr in next few years
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.
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.
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.
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.
Creating Niche In Innerwear Segment-Palash Overseas
Creating Niche In Innerwear Segment-Palash Overseas
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.
Luxury Trinkets: The New Fashion Wave
Wallets, Key chains & Leather the new Additions in Retail Chians.
