Over the years, India has become a focal point for the fashion and lifestyle industry, reflecting a powerful manufacturing sector and a fast-growing middle class. These forces make India too very significant international fashion brand to ignore. TO READ MORE: https://www.financialexpress.com/lifestyle/the-growing-indian-fashion-and-lifestyle-market-has-given-an-impetus-to-the-footwear-industry/2379005/
By: adminComments Off on THE GROWING INDIAN FASHION AND LIFESTYLE MARKET HAS GIEN AN IMPETUS TO THE FOOTWEAR INDUSTRY 
Indian retail has been growing over the last decade and though the pace may have slackened a bit in last 18 months, it hasn’t certainly hampered the growth in any way and has continued generating job opportunities – both in bricks-and-mortar TO READ MORE: https://apparelresources.com/business-news/retail/indian-fashion-retail-expansions-will-spurt-employment-opportunities/
By: adminComments Off on GST HIKE ON GARMENTS TO IMPACT SALES, EMPLOYMENT IN INDIA’S TEXTILES SECTOR
The planned GST hike on garments priced less than Rs 1,000 from January 1, 2022 is likely to increase prices of 80 per cent final products, opine experts. The government had decided to increase the Good and Services Tax (GST) rate on readymade garments and fabrics in September this year. The planned hike is likely...
By: adminComments Off on 61% OF INDIANS OPPOSE THE GOVERNMENT’S MOVE TO RAISE THE GST RATE ON CLOTHING
Along with business, a sizable portion of the Indian population is opposed to the government’s plan to raise the Goods and Services Tax (GST) rate on clothes and footwear from 5% to 12%. Citizens from 311 districts across India TO READ MORE: https://www.dfupublications.com/news/apparel/61-percent-of-indians-oppose-the-government-s-move-to-raise-the-gst-rate-on-clothing?fbclid=IwAR2ELuJZIAQ0a01fS06mIQwNaiY8pyGZU14e-96rCsh6c5FpzDVi9ck8Psk
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:
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
