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.
Starting from a humble beginning around 10 years ago, Boom Clothing Company, a Mumbai-based company that started with mere 7.5 cr has reached new benchmarks of growth and attained a turnover of Rs 25 cr in a relatively short span. While talking to team Perfect Sourcing, Samit Mehta, Director of the company charted the interesting journey so far. With one partner having a technical background who took care of product development and Samit taking control of production, administration and buyer communication, the company is able to balance itself in every aspect.
Boom Clothing is into fast fashion with the production capability of making garments for eight seasons. “As it is fast fashion, the silhouettes keep on changing, so the rates keep on changing. We thus experiment with a lot of fabrics and this helps in moving up in the value chain,” averred Samit. The production is mainly into sarongs, capes, shrugs, jackets, loose shirts worn over a bikini, shirt dresses and half sarongs to name a few. Boom Clothing has a better market in the US as compared to other countries. The preferred fabrics are viscose, polyester and cotton in the main. While earlier the main export destination for the company was the EU, the low drawback rates and fluctuation in demand saw the company move to markets like the US, Poland and Russia.
Boom Clothing has several buyers in Denmark, Taviq and Sundry in the US and the newly introduced Obey in USA. They had also worked for Vettir in France and Pompa in Russia.
Esta historia es de la edición June 2017 de Perfect Sourcing.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición June 2017 de Perfect Sourcing.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Apparel Exports Need Fresh Lease Of Life… But How???? A Report..
Last few months have been catastrophic for apparel exports industry of India. One after the other the industry was struggling with one or the other challenge. While global competition is one aspect of the challenges within the country at the moment is being regarded as the biggest deterrent to the slow situation of the industry. Burdened with higher tariffs than their competitors, the exporters need more incentives and protection to stay afloat. India’s foreign trade policy pundits need to renegotiate tariffs on apparel exports with the EU and the US to tackle the emergent economic slowdown in the country. The apparel industry is the country’s largest low technology employer after agriculture, with 45 million workers, contributing two percent of GDP and 15 percent of export earnings.
Lectra Offering Solutions For Smart Factories & Fashion
The Conventional fashion supply chain model is too opaque, fragmented and slow to respond to diversified consumer demands, quickly enough to satisfy the customers.
Peppermint Clothing Creating Complete Range In Kidswear
Automation & Productivity Core Focus Areas Eyes Turnover of Rs 300 cr in next few years
Indian Manmade Fibre (MMF) Industry In Jeopardy: Increased Imports And Esclated Cost Affects Industry
Working out tax rates for different goods and services was a huge challenge for India’s Goods and Services Tax (GST) Council. Although the GST has taken under consideration a significant part of the industry - cotton and natural fibers, distortion has been introduced in the GST system, through the ‘inverted’ duty structure on man-made fibers. Man-made fiber and synthetic yarn attract an 18% GST rate as compared to 12% excise duty, while the fabric produced from these fibers is taxed at 5%. This creates a situation where the input is taxed at a much higher rate than the final product.
GTE Celebrating 20 Yrs Of Excellence At 2020 Edition
The Garment Technology Expo (GTE’20), one of the most trusted brands as far as exhibitions related to apparel technology is concerned is geared for its 20 years of establishments and success in the garment industry.
Manufacturing Excellence It Is All About Widening Horizons
To answer this question, Team PERFECT SOURCING interacted with experienced professionals with years of experience in management, manufacturing, lean management, merchandising, sourcing, factory set up and more. Now working as consultants to many well-known apparel units, their knowledge and experience has supported many. In a face to face encounter with them Team PERFECT SOURCING brings to you the most important aspects of manufacturing and achieving excellence therein.
APD Exports' Geared For A New Knits Factory
The company has production units in Bangalore with 350 machines and can manufacture about 1,20,000 garments/month. The Bangalore processing factory has been working with buyers like s. Oliver, Espirit, Shopco and Kohl’s and the factories.
Luxury Trinkets: The New Fashion Wave
Wallets, Key chains & Leather the new Additions in Retail Chians.
Fairs & Events
Textile Industry Positive About Growth: F&A Show Sees Good Response.
Industry Relieved As Government Clarifies Minimum Monthly Wages Not Going To Be Fixed At Rs 18,000.
After a lot of confusion and debate over the increase in minimum wages as per the new labour laws, the Government has finally given some relief to the already struggling garment industry by stating that the minimum monthly wages are not going to be fixed at Rs 18,000/-. Prior to this, The Apparel Export Promotion Council (AEPC) had urged the Indian Government to clear the confusion over minimum wages for the garment sector at the earliest, as a clarification would restore the confidence of foreign buyers.
