Related Keywords: Clothing Manufacturers Association of India, duty free entitlement, embellishment, import of trimming, readymade garment sector, textile export, Walmart
Finance Minister Arun Jaitley’s announcement of duty-free entitlement for import of trimmings, embellishments and other specified items to five percent of the value of their exports, from the current three percent is a good boost for the readymade garment sector of India.
This move will help Indian manufacturers to compete with other countries in getting more orders from global retail sourcing entities, such as Walmart. As it will help bring down the cost of readymade garments meant for export by two to three percent.
