Perfect Sourcing - October 2018
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October 2018 issue Digital Access. 
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Can Labour wages break or make an industry? The foremost aspect that affects garment production is the cost factor, which depends on many variables like raw material, machinery, logistics and the wages of workers. Apparel production, spread out all over the world, has been facing issues in handling manpower as, with upwardly mobile economic conditions, the demand for an increase in wages must also come up. No matter which manufacturing hub it is, all have been facing issues related to wages. In fact, garment production over the years has shifted from countries like the US and EU to China and other low cost SE Asian countries namely, India, Bangladesh, Vietnam and Cambodia and is now expanding to Myanmar and Indonesia because of wages. In this issue of PERFECT SOURCING you will read about the factors affecting wages and an analysis of all named countries in terms of wages. Moreover, you will read about Bangladesh, which is in the news these days because of unrest in their workforce as they too demand higher wages. Our team has also analysed the impact of the overall increase in wages on India, as it will definitely bring some business back to India which it had lost due to the wage factor impacting costs, which were higher as compared to Bangladesh and which were steering buyers to our eastern neighbor.
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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.
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. . .
Fast Fashion
Corrupting Fashion Industry…..
Why Being Cotton Surplus
India is still Suffering Shortage?
Think Beyond Cotton
Quest To Replace The Indispensable Fibre.
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.
