New Delhi: The Commerce Ministry fears that a higher than expected goods and services tax (GST) rate on gems and jewellery and textiles products may make such exports noncompetitive and exporters may have to be compensated. The two items are among six on which GST rates could not be finalized in …
Tag: Clothing Manufacturers’ Association of India
Denim industry faces investment drought
The Rs 30,000 crore Indian denim industry is likely to face a shortage of fresh investment in the next five years with around 30 per cent of capacity remaining idle for years. Over the last five years, India’s denim makers have more than doubled capacity to 1.3 billion meters a year because of an…