Mall developers and retail landlords offered concessions and waivers to retailers and restaurants during the first two waves of Covid. This was done in order to offset the impact of the pandemic on business. But now with retail sales. TO READ MORE: https://www.dfupublications.com/news/retail/malls-end-concessions-and-waivers-with-business-returning-to-normal
By: adminComments Off on ‘COMPLETELY UNJUSTIFIABLE’ GST RATE HIKE ON APPAREL, TEXTILES AND FOOTWEAR SHOW THE GOVT HAS NO EASY CHOICES
For years, the manmade fibre (MMF) manufacturers in the country made representation to the government to fix an anomaly in GST which had a severe impact on their business. The Finance Ministry finally on November 18 notified a 7% hike in GST. TO READ MORE: https://retail.economictimes.indiatimes.com/news/apparel-fashion/apparel/completely-unjustifiable-gst-rate-hike-on-apparel-textiles-and-footwear-show-the-govt-has-no-easy-choices/87925615
The Confederation of All India Traders (CAIT) said that instead of simplifying and rationalising the GST tax structure, the GST Council has made it as “most complicated GST law in India over the world” and much against the GST structure shown. TO READ MORE: https://retail.economictimes.indiatimes.com/news/industry/traders-up-in-arms-against-12-gst-on-textiles-footwear/87909089
The textile industry is unhappy with the Centre notifying the GST rate hike for several textile and apparel items effective from January 2022. Industry players say the hike from 5% to 12% will lead to price increase and job losses. TO READ MORE: https://www.deccanherald.com/business/apparel-industry-red-flags-gst-rate-hike-1053846.html
By: adminComments Off on CMAI LAUNCHES CMAI ARBITRATION CELL TO PROVIDE IMMENSE SUPPORT TO THE INDUSTRY MEMBERS
One of India’s oldest and largest associations representing the interests of the domestic garment industry, CMAI (The Clothing Manufacturers Association of India) has launched one of its most important and significant new initiatives – the CMAI ARBITRATION CELL. TO READ MORE:
Circulars Cir No. 51 / 67th IIGF / 2021 Cir No. 51 / 67th IIGF / 202129th November 2021 TO ALL MEMBERS: 67th INDIA INTERNATIONAL GARMENT FAIR(Autumn / Winter – 2022-2023) Dear Sir, As a part of the Export Promotion Activities, we are pleased to announce next edition of IIGF – Physical Show i.e 67th India International...
By: adminComments Off on Cir No. 50 / C-2 / 2021 – NEW NOTIFICATION DATED 27TH NOVEMBER 2021 ISSUED BY GOVT OF MAHARASHTRA ON COVID 19 PANDAMIC – IMPORTANT Circulars Cir No. 50 / C-2 / 2021 Cir No. 50 / C-2 / 202129th November 2021 TO ALL MEMBERS OF THE ASSOCIATION: Dear Sir, We would like to inform you that the Department of Disaster Management, Govt of Maharashtra has issued an Order dated 27th November 2021 advising all the Citizens in Maharashtra to follow...
By: adminComments Off on Cir No. 49 / 74TH NGF / 2021 – 74TH NATIONAL GARMENT FAIR – BOOKING OPENS ON 23RD NOVEMBER 2021 Circulars Cir No. 49 / 74TH NGF / 2021 Cir No. 49 / 74TH NGF / 202120th November 2021 TO ALL MEMBERS OF THE ASSOCIATION: 74th National Garment Fair1st to 3rd February 2022J. W. Marriott, Mumbai Sahar,Chhatrapati Shivaji International Airport,Andheri, Mumbai 400 099. Dear Sir, We are glad to inform you that the Association will...
National Garment Fair 74th National Garment Fair MEN’S WEAR WOMEN’S WEAR KIDS WEAR VISITOR REGISTRATION POSTPONEMENT OF THE 74TH NATIONAL GARMENT FAIR Cir No. 49 / 74th NGF / 2021 Cir No. 56 / 74th NGF / 2021 STALL/ROOM BOOKING 74TH NGF REGISTRATION FORM
According to market participants, India’s buy-now-pay-later (BNPL) sector is thriving and on track to grow tenfold in the next four years as tens of millions of online buyers are enticed by interest-free financing and fewer hassles. TO READ MORE: https://www.dfupublications.com/categories/fashions/fashion/in-india-the-buy-now-pay-later-model-is-expected-to-grow-tenfold
