Perfect Sourcing Magazine - June 2017

In this issue

Bandh, Strikes And Confusion Stir Nation On The Eve Of GST Implementation

We are in the midst of one of the most awaited and controversial moments of the Indian economy. With implementation of GST looming large, there is chaos in our apparel and textile industry and despite so many discussions and debates between the Government and industry, there seems to be no end to this issue. Lack of clarity on GST on textiles has complicated matters for the trading industry, involving lakhs of micro-entrepreneurs and the traditional industry practice of long-period credit and return of goods, trade body officials vociferously state. As a result, protests and ‘bandhs’ are being held in major textile hubs nationwide, like Ahmedabad, Surat, Rajkot, Delhi, West Bengal, Telengana and more. Traders feel that GST should be deferred for the textile sector for at least for a year till everyone in the eco-system is given a fair chance to prepare for what will be, to say the least, a lengthy period of trial, travail and tribulation.

GST Good or Bad... The Debate Continues

AEPC Chairman Ashok Rajani shared his response on GST and its impact on the Apparel Sector with Team Perfect Sourcing. Excerpts. . .

7 mins

Boom Clothing: Eyes Domestic Market While Execelling In Exports

Samit feels that the Indian Government, by reducing duty on cotton imports is benefiting the ‘make in India’ concept and getting buyers to deviate to India. “There are many products still unexplored in India, for example, lingerie and sportswear-which is a big market.

4 mins

Can Robotic Automation Replace Workers In India's Apparel Sector

The art of sewing has not fundamentally changed since the first seamstress put needle and thread to fabric thousands of years ago.

4 mins

Tavtech India - A Youth Driven Programme For Collaborative Startups

TAVtech is an intensive 5-week Coding and Entrepreneurship Fellowship Programme started by Young and Forward Thinking Students with the aim of teaching participants hi-tech skills for social impact applications and ventures.

2 mins

Textile Minister Smriti Irani Inaugurates ​​​​​​​Heimtextil India & Ambiente India

Impact of GST & Showers in Delhi Results in Warm Response.

3 mins

Fabtex 2017, Mumbai Concludes On Positive Note

In Mumbai Fabtex, a b2b exhibition where fabric and yarn manufacturers from all over India participated, closed on a positive note. The exhibition saw participation of textile majors like Reliance Industries, Aditya Birla Group, Sangam India, Banswara Syntex, Siyaram’s, Sahiba and many more. Most of the companies showcased variety of yarns, fibres, fabrics, and garments as well. A lot of companies showcased shirting fabrics and there was a good demand for specialty and value added yarns. The visitors had a fair share of garment manufacturers, exporters, traders and wholesalers which included textile players like Alok Industries, Texport Syndicate, Gokaldas exports, Pantaloons, Westside and several other companies from the textile and apparel segment.

6 mins

Read all stories from Perfect Sourcing

Perfect Sourcing Magazine Description:

The leading publication for the Indian export textile & apparel Industry.The magazine is distributed free of cost at more than 30 national and international B2B fairs and exhibitions related to apparels, home textiles, hard goods, denims, machinery and, accessories. We have a good presence at industry conferences, seminars, symposiums, etc.With a circulation of 27,000 copies every month we offer you the opportunity to be in front of approx. 30,000 potential clients who are either the Chairman, MD’s, CEO’s CFO’s COO’s, Owners, production and merchandising teams in textile, home textile, fabric, testing, apparel, floor coverings, handicraft, rugs and retail market of India, who make decisions on company’s behalf.