‘Entry of Bangladesh garments will hit Indian industry severely’ - The Hindu Reports

Tweet

The Hindu reports about duty-free entry of readymade garments from Bangladesh to India.

Kolkata, July 18, 2012 

Image (C) The Hindu

Duty-free entry of readymade garments from Bangladesh may have a “severe impact” on the Indian garment industry, Mr Vijay Kariwala, Vice-President of the West Bengal Garment Manufacturers and Dealers Association (WBGMDA), said on Wednesday.

“While the price of a readymade garment goes up by nearly 15 per cent after duties and State tax in West Bengal, a garment brought from Bangladesh is sold at a lesser price since no duty is imposed,” Mr Kariwala said on the sidelines of 39th Garment Buyers and Sellers Meet organised by WBGMDA here. As a result, garment manufacturers may convert themselves into dealers and bring in readymade products from Bangladesh soon. With the participation of 60 different brands, the Buyers and Sellers Meet is expected to get 4000 garment retailers, Mr Kariwala said.

The garment industry body said the State Government should immediately improve the infrastructure for the industry.

“We have been requesting the State Government to set up a garment cluster through the public-private partnership and an exhibition centre. But it has not materialised so far,” Mr Kariwala said. 

- The Hindu Business Line

Tweet

If you liked the post then,

Join us for FREE Email Updates:

Click here to Join us for FREE email updates from "www.apparelmakers.org", so that you do not miss out anything that can be valuable to you and your business!!

See Also :

Duty-free entry of readymade garments from Bangladesh