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Cheap Chinese imports via Bangladesh route hit local textile industry

Related Keywords: blanket, blazer, China exploiting and entering, comprising primarily MSMEs, difficult time to textile industries, finished fabrics, houses a number textile units, Indian market at cheap price, Industrial areas of Ludhiana in Punjab as well as Bhilwara in Rajasthan, Punjab Pradesh Beopar Mandal, routing through Bangladesh, shirting, suiting, yarn

China is exploiting and entering the Indian market at cheap price by routing its yarn and finished fabrics through Bangladesh route giving a difficult time to the textile industries at home, comprising primarily of the Micro, Small and Medium Enterprises (MSMEs), said Punjab Pradesh Beopar Mandal President PL Seth.

Seth said that since Bangladesh is exempted from paying any duty under the SAARC agreement, Chinese yarn and finished fabric is able to enter our markets through Bangladesh.

Textile traders switching over to the new tax system

Related Keywords: Amritsar, besides suiting and shirting, blanket, blazer, holy city-based textile industry, known for shawl, once known as Manchester of India, protests against the imposition of GST, readymade garments fall under luxury segment, spate of taxes on the textile sector, textile traders started registration for GST, tweed, unstitched clothes

Amritsar, once known as the Manchester of India, the holy city-based textile industry is now known for shawl, tweed, blazer, blanket, besides suiting and shirting. After holding protests for long against the imposition of the GST on unstitched clothes, a large number of textile traders have started approaching the District Excise and Taxation Office to get them registered.

Over 90 percent of the VAT dealers have switched over to the new tax system.

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