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Garment sector has consolidated after GST rollout, say stakeholders

As per Eastern India Garment Manufacturers & Exporters Federation, GST is leading to mergers and acquisition in the organised sector, while there is a distinct move towards consolidation and transparent trade practices in the unorganised sector. Introduction of the tax has brought about structural changes in the sector. Many smaller units that were previously unorganised or semi-organised in nature are becoming organised players. Some unorganised players are also becoming suppliers or third party manufacturers for the organised units.

India has around 4,000,000-odd garment manufacturing units; of which 300,000 are located in West Bengal and the eastern region. Apart from West Bengal, the other major garment manufacturing clusters are located in Tamil Nadu, Karnataka, Delhi-NCR, Punjab, and Gujarat among others.

The federation expects garment exports from West Bengal to double, from the present Rs 1,500 crore, over the next five years. A host of policy measures like improvement in infrastructure, integrated manufacturing facilities and modern training centres are some of the reasons leading to this rise.

 

 
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