GST, weak demand, falling exports continue to hound branded apparel makers

Branded apparel manufacturers and retailers are yet to overcome the implications of the goods and services tax (GST) rollout in July. The tax reform had directly impacted the entire textile chain due to cascading burden. And post GST, poor consumer sentiment and falling exports have only made matters worse for the business. The September quarter results … Read more GST, weak demand, falling exports continue to hound branded apparel makers

AEPC concern over apparel exports fall; envoys meet CEA

India’s Apparel Export Promotion Council (AEPC) has expressed concern over the decline in apparel exports by about 40 per cent in October compared to the same month last year and has been engaging with policymakers for an early resolution of the issue that is hampering the apparel industry post implementation of the goods and services … Read more AEPC concern over apparel exports fall; envoys meet CEA

India’s gems and jewellery exports decline in FY18

Surat: The apex body of India’s gems and jewellery sector has predicted that the exports are likely to remain flat in this financial year due to weak demand in the overseas market and the Goods and Service Tax (GST) implementation in India. In the recently published trade data for FY18, the Gems and Jewellery Export … Read more India’s gems and jewellery exports decline in FY18

Gems and jewellery exports down 7% in H1 of FY18 due to GST, gold policy

There has been a sharp decline in orders from Japan and Europe this year for India’s gems and jewellery. Data compiled by the Gems and Jewellery Export Promotion Council (GJEPC) says G&J net export declined 7.4 per cent to $16.8 billion in April-September, the first six months of this financial year, from $18.2 bn in the comparable period … Read more Gems and jewellery exports down 7% in H1 of FY18 due to GST, gold policy