Related Keywords: apprehensive that post-GST, availability of cheaper labour, cheaper imported garments, cost of manufacturing is lower, countries such as Bangladesh and China, FICO, increase in imports, Industrial hub of Ludhiana, negatively impact Indian Textile and Apparel Industry, protection for domestic players, special additional duty, stands removed
The industrial hub of Ludhiana is apprehensive that post-GST, there will be an increase in imports from countries such as Bangladesh and China, where the cost of manufacturing is lower due to the availability of cheaper labour. This cheaper imported garments will negatively impact the Indian Textile and Apparel Industry.
In the case of apparel imports, the government had earlier levied the Special Additional Duty (SAD) as a protection for the domestic players. With the GST, this duty protection stands removed and imported garments would be 5-6 per cent cheaper, sources said.
