‘Entry of Bangladesh garments will hit Indian industry severely’

[CaPtAiN_pLaNeT]

‘Entry of Bangladesh garments will hit Indian industry severely’


Business Line : Industry & Economy News :

KOLKATA, JULY 18:
Duty-free entry of readymade garments from Bangladesh may have a “severe impact” on the Indian garment industry, Mr Vijay Kariwala, Vice-President of the West Bengal Garment Manufacturers and Dealers Association (WBGMDA), said on Wednesday.

“While the price of a readymade garment goes up by nearly 15 per cent after duties and State tax in West Bengal, a garment brought from Bangladesh is sold at a lesser price since no duty is imposed,” Mr Kariwala said on the sidelines of 39th Garment Buyers and Sellers Meet organised by WBGMDA here. As a result, garment manufacturers may convert themselves into dealers and bring in readymade products from Bangladesh soon. With the participation of 60 different brands, the Buyers and Sellers Meet is expected to get 4000 garment retailers, Mr Kariwala said.

The garment industry body said the State Government should immediately improve the infrastructure for the industry.

“We have been requesting the State Government to set up a garment cluster through the public-private partnership and an exhibition centre. But it has not materialised so far,” Mr Kariwala said.

 

[JAMMY]

Our Garment manufacturers donot know that Government of India has already killed them by allowing import from China of Garments and Shoes free of customs duty of 29%.

 

[TopCat]

Bangladeshi garments do pay state tax as well as sales tax!! Where did he come up with the figure that BD does not pay state tax?

 

[Stumper]

Bangladeshi garments do pay state tax as well as sales tax!! Where did he come up with the figure that BD does not pay state tax?

he is referring to excise duty levied on local manufacturer.

 

[TopCat]

he is referring to excise duty levied on local manufacturer.

What is excise duty? BD suppose to get waiver on import duty nothing else as far as I know.

 

[INDIC]

I got a very informative data on Bangladesh's trade deficit.

 

[Stumper]

What is excise duty? BD suppose to get waiver on import duty nothing else as far as I know.

All i know is all local manufacturer have to pay excise duty. By allowing zero duty imports from BD, the local manufacturer are at disadvantage.

Thank your luck stars we do not have likes of idunes who would have started the "stooge ... RAW " tape .. lolz ... Alas .. the India bashing will start irrespective of any of this!!