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The apparel industry has expressed serious concerns over the proposed GST rate hike recommended by the Group of Ministers (GoM) on rate rationalisation. Under the new tax structure, garments priced between Rs 1,500 and Rs 10,000 would be taxed at 18 per cent, while apparel above Rs 10,000 would fall under the highest GST slab of 28 per cent. The rate for apparel priced up to Rs 1,500 would remain at 5 per cent. The Clothing Manufacturers Association of India (CMAI) has urged the government to reconsider the hike, warning that it could lead to reduced consumer demand, widespread job losses, and disruptions in the industry's value chain. The association emphasised the need for government policies that support the growth and stability of the industry, advocating a balanced approach to ensure long-term sustainability and benefits for all stakeholders. "The proposed GST rate hike risks severely disrupting the formal retail sector by pushing both consumers and businesses toward informal
Singer, the world's leading sewing machine brand, on Thursday introduced its two premium global sewing products -- PFAFF and Husqvarna Viking -- to the Indian market, expanding its play in a market estimated to be about Rs 3,000-3,500 crore. With these, new-age tech-enhanced machine, Singer will not only have growth in its existing categories but also cultivate and popularise sewing and crafting as a creative hobby, Singer India Vice-Chairman and Managing Director Rakesh Khanna said. All these three iconic sewing brands are part of SVP Worldwide, the US-based world's largest consumer sewing machine company. Singer, Viking, and PFAFF together account for approximately one in every three sewing machines sold globally each year. "With the introduction of PFAFF, Husqvarna Viking, and our revitalised Singer offerings, including new-age tech-enhanced machines, we aim to not only expand existing categories but also cultivate and popularise sewing and crafting as a creative hobby," he ...
The government on Thursday approved the continuation of an export incentive scheme - RoSCTL - for apparel, garments and made-ups up to March 31, 2026. The Rebate of State and Central Taxes and Levies (RoSCTL) scheme is aimed at compensating for the state and central taxes and levies in addition to the rebate provided under duty drawback scheme on export of apparel/garments and made-ups. "The Union Cabinet chaired by Prime Minister Narendra Modi approved the continuation of scheme for RoSCTL for export of apparel/garments and made-ups up to March 31, 2026," an official statement said. It said that the move will provide a stable policy regime which is essential for long-term trade planning, more so in the textiles sector where orders can be placed in advance for long-term delivery. "The continuation of RoSCTL will ensure predictability and stability in policy regime, help remove the burden of taxes and levies and provide level-playing field on the principle that goods are exported an
The 55th Garment Buyers and Sellers Meet of WBGMDA generated an estimated Rs 850 crore in business transactions in wholesale deals, an official said on Friday. Over 900 national and international brands participated in the three-day event of the West Bengal Garment and Manufacturer and Dealers Association (WBGMDA), a statement said. "This industry already boasts one of the largest workforces in the country, with over 50 lakh employees engaged directly or indirectly," said Hari Kishan Rathi, president of WBGMDA. "The Rs 850 crore in business transactions, driven by participation from 900 national and international brands, reinforces the potential of this meet to elevate Bengal's readymade garment industry. We are deeply grateful for the government's continued support for the textile and garment sector, particularly in promoting clothing businesses and marketing opportunities," he said. The association has requested the state government for land for a dedicated showroom hub for garme
Home textiles major Welspun India is seeking to tap opportunities in the kids segment through its licensing pact with The Walt Disney Company, according to Welspun's CEO and Joint Managing Director Dipali Goenka. The company, which had signed a brand licensing agreement with Walt Disney in January for the Europe and the UK market this year, also sees an increase of shelf space of licensed brands as compared to its private labels. "If there's a recession, or a slowdown, people will not compromise on their kids' demands...The kids' opportunity is huge. Whether there's a slowdown or there's a peak, that demand never tapers off," Goenka told PTI. The licence agreement had given Welspun the rights to design, develop, manufacture and distribute a complete range of home textiles products leveraging on Disney's franchises and characters across Disney, Pixar, Marvel and Lucas brands. Welspun India President & Global Head Keyur Parekh said the licensing pact with Walt Disney marks the foray