India's Textile And Garment Industry Is Eager To Get Rid Of The Exemption From International Retail Brands.

Encouraged by a number of incentive policies such as tax exemption for textile and garment industry in the 2013 and 14 financial plans recently announced by the India government, some international retail brands are eager to plan India. Spin Investment in the market. According to industry experts, if the global retail giants such as WAL-MART, H&M, IKEA and Tesco accelerate the pace of development in the India market, the number of foreign direct investment in India will increase by 5~7% over the same year.

Prashant Agarwal, CO managing director of Wazir Advisors Pvt limited, told reporters: "benefiting from many favorable policies and tax exemption clauses issued by the finance minister P Chidambaram announced in the 2013~2014 financial plan, including multinational corporations such as WAL-MART, H&M, Tesco and IKEA, have shown strong interest in investing in India's textile and garment industry."

"Brand name" clothing Exemption from excise tax will reduce the manufacturing cost and promote the competitiveness of enterprises in the apparel industry. It will also encourage foreign investors to enter the textile industry. It is estimated that in the next financial year, foreign direct investment in India's textile and garment industry will increase by 5~7 percentage points. Mr. Prashant Agarwal introduced to reporters.

According to Ashish Dikshit, chief executive of Madura fashion Life Inc, India's garment and textile industry has gone through the throes of industrial recession caused by inflation and high taxes in the past two years. New Textile Taxation The policy will significantly alleviate the cost pressure of the industry, and at the same time, give consumers a strong incentive to buy their favorite products at a steady and affordable price.

"We are very pleased to see that the development of the government has once again returned to the two pillar industries of clothing and food, the India economy." Mr. Kishore Biyani, CEO of the future group, smiles. "It is foreseeable that the zero consumption tax policy will not only revive the garment industry, but also create countless job opportunities. At the same time, other means such as creating clothing theme parks and implementing TUFS (technology renewal fund plan) will further revitalize the textile industry.