Bangladesh has started making inroads in India's readymade garments (RMG) market, due to manufacturing cost advantages there after implementation here of the Goods and Services Tax (GST).
Read More »India raised exports incentives to $131 million to boost Exports
Against the backdrop of a decline in exports this year, India on Tuesday unveiled additional fiscal incentives of around Rs 8,500 crore to promote shipments from the country for labour-intensive sectors like leather, carpet and marine products.
Read More »India’s merchandise exports fall in contrast to booming global trade
The precipitous drop in October exports shows that the feared GST-fuelled disruption of MSME supply chains has now started taking its toll on the country’s export performance.
Read More »GST woes add to India’s export slump
Placards announcing job vacancies in garment manufacturing units, which used to be a common sight in Tirupur, is a rarity now. But, a cross-section of garment manufacturers maintain that there is acute shortage of labour.
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