Page 2 - Garment Exports
Only 22% garment units running despite easing of lockdown, says survey
The units are mostly operating at 25% capacity, and many of them are making masks and PPEs to cash in on the Covid-19 market
 "Only 22% garment units running despite easing of lockdown, says survey")
'All my dreams are shattered' - Coronavirus crushes Asia's garment industry
Since the 1960s, Asia has grown into the world's garment factory, sending about $670 billion worth of clothes, shoes and bags a year to Europe, the United States and richer Asian countries
 "'All my dreams are shattered' - Coronavirus crushes Asia's garment industry")
Bangladeshi garment export faces $6 bn hit as world retailers cancel orders
Garment exports accounted for $34.12 billion, or 84% of the country's overall exports of $40.53 billion, in the fiscal year ended June 30, 2019.
 "Bangladeshi garment export faces $6 bn hit as world retailers cancel orders")
Cabinet okays extension of tax rebate scheme for export of garments
Under the scheme, maximum rate of rebate for apparel is 6.05 per cent, while for made-ups, this goes up to 8.2 per cent
 "Cabinet okays extension of tax rebate scheme for export of garments")
Coronavirus outbreak to take heavy toll on readymade garment exports
Exporters have attributed the drop mainly due to COVID-19, which impacted sentiment in the European market - the largest for Indian exporters
Govt rolls out 1% additional ad-hoc incentive for garments and made-ups
As RoSL and MEIS were simultaneously available along with RoSCTL, many exporters factored in both in their costing. Exporters said the government had at no point issued any notification on this.
 "Govt rolls out 1% additional ad-hoc incentive for garments and made-ups")
Govt revises drawback schedule for apparel sector; exporters want more FTAs
The notification on revision of drawback schedule will come into effect from February 4, 2020
 "Govt revises drawback schedule for apparel sector; exporters want more FTAs")
Why India badly needs an export boost to reverse its economic slump
Almost all the talk at present is about import substitution and raising tariffs, but a fundamental reason for India's recent slowdown has been its failure to generate export momentum, writes T N Ninan
India's readymade garment exports stitch recovery, helped by tax break
Garment exports rose by nearly 14.05 per cent to $1.528 billion in May 2019 compared to $1.339 billion in the same month last year.
 "India's readymade garment exports stitch recovery, helped by tax break")
Garment exports show early signs of revival after two years of decline
After falling for two years in a row, garment exports are showing early signs of a revival. But it will take more than just government support to sustain it
 "Garment exports show early signs of revival after two years of decline")
India's garment exports stagnant on high costs, compliance burden
Recovery seen only if product base is diversified, orders are delivered faster
 "India's garment exports stagnant on high costs, compliance burden")
Announce duty drawback rate soon, garment exporters urge FM Jaitley
Delay in announcement is impacting exports, says Tirupur Exporters' Association
 "Announce duty drawback rate soon, garment exporters urge FM Jaitley")
India could lose at least $2 bn in apparel exports under TPP
India isn't a part of TPP, so it could lose out on yarn exports to Vietnam and garments to US, which would now shift to other TPP members
 "India could lose at least $2 bn in apparel exports under TPP")
