22 November 2021, Mumbai:

Apparel sector organisations from around the country are speaking out against the GST increase. The garment industry is concerned about the future of its business since the GST increase would have a negative impact. Even without the GST rate hike, the market was expecting a 15-20% increase in garment costs in the coming season.

"CMAI, along with associations and trade bodies from all over India, have been vigorously representing to the Government and GST Council not to implement this change, and it is indeed extremely disappointing that the Council has chosen not to heed their plea," said Rajesh Masand, President, Clothing Manufacturers Association of India (CMAI).

it's worth noting that under Rs. 1,000 clothes account for nearly 80% of India's clothing sector, according to the report.

"As raw materials become more expensive, end product costs have already risen. An increase in GST will increase this cost even more, and firms will lose cost-competitiveness in the worldwide market to their competitors.

"Large shops have already transferred their sourcing to Vietnam and Bangladesh, which benefit from free trade agreements and can thus provide lower costs," said Chintan Thaker, Chairman of the Assocham Gujarat State Council.

However, just a few industry participants are ecstatic about the new tax system. "The synthetic value chain featured an inverted duty structure, with 18% duty on fibre, 12% duty on yarn, 5% duty on fabric, 5% duty on garments under Rs. 1,000 per piece, and 12% duty on garments beyond Rs. 1,000."

This used to result in a large amount of input tax being accumulated, and getting refunds was a problem. These issues would be resolved with a consistent tax system, according to Pramod Choudhary, previous president of the Synthetic and Rayon Textile Export Promotion Council (SRTEPC).

CMAI, on the other hand, feels that this policy is utterly wrong since it was purportedly proposed largely to solve the Inverted Duty Structure that exists in a segment of the business – and this sector accounts for less than 15% of the whole industry.

As a result, to address an issue that affects 15% of the business, this approach will have a negative impact on 85% of the overall industry. The Madhya Pradesh Thok Kapada Vyapari Association is preparing a demonstration against the rise in Madhya Pradesh.

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TOP 5:

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4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

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20 November 2021, Mumbai:

Tukatech, the industry’s leading fashion technology solutions provider, released the latest version of TUKA3D, the most used 3D system around the globe.

The 2022 release offers an open system that allows designers, brands, retailers, and their factories to work efficiently within a virtual process.

“Each 3D system requires three elements: a 2D flat pattern, a 3D avatar, and the digital cloth.

ALL THREE are not the same across all 3D systems, hence the vendors who develop the final product cannot use data coming from OTHER 3D systems used by designers,” says Ram Sareen, Founder, and CEO of Tukatech.

“We have the largest 3D user base where FIT is the main focus.

Our avatars are built with either actual body scanning or 3D sculpting. In 2021, we allowed users of OTHER 3D systems to start with an actual replica avatar from our extensive library of over 700 models.

This gives exactly the same results regardless of who added value at each stage. The vendors can see the fit and start from THAT DATA to make the final garment.”

For instance, a designer can use CLO, Browzwear, or any other 3D program, so long as they use the same avatar which is an exact replica of the real fit model, the 2D patterns will FIT and the LOOK can be created by designers and sent to the vendor.

Since everyone is using the same avatar, the 2D pattern can be used to make the final fit sample.

In TUKA3D, the vendor can see the exact same 3D fit model’s body, animated to perform real-time motion simulation for fit verification.

Since Tukatech offers end-to-end solutions for apparel production, after 3D fit approval, the style can then proceed through the manufacturing process. TUKATECH

(The news article has not been edited by DFU Publications staff)

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.  

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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19 November 2021, Mumbai:

Amity is the leading education group of India with over 1,50,000 students studying across 1000 acres of hi-tech campus. The Amity University has been established by an act of State Legislature and recognized by University Grants Commission (UGC) through the Act of State Legislature.

About ASFT :

Amity School of Fashion Technology, Amity University UP is offering various programmes to cater requirements of trained professionals in the field of Fashion Design & Apparel Manufacturing Technology, Fashion Management & Communication.

Amity University organised “International Conference on "Fashion, Apparel &Textile 2021" (INCFAT `21)” on 16th & 17th November 2021 in "On-line” (Virtual) mode.

It had Paper & Poster presentations from Academicians, Researchers, and leading Senior Textile & Fashion Industry professionals.

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TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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22 November 2021, Mumbai:

A clothing maker, his accountant, and four workers have been charged with defrauding the government of Rs. 13.48 crore in GST refunds. The suspects allegedly used falsified invoices to carry out the scam, according to the police.

According to media reports, the FIR was filed after the principal commissioner of the central goods and services tax commissionerate received a complaint from garment manufacturer Narinder Chug, accountant Satish Sharma, chartered accountant Ankur Garg, employee Ram Bilash Yadav, and accomplices Rohit Kumar Gupta and Aman Saggar.

Narinder Chug is a permanent invitee to the Apparel Export Promotion Council (AEPC), and he was awarded the coveted honour of Highest Global Exports by New Entrepreneur by AEPC in 2016.

According to the lawsuit, the accused Narinder Chug is the owner of at least 18 businesses, including 12 in Punjab. The accused received a GST refund after submitting false bills.

The accused led the government to lose Rs. 13.48 crore as a result of their actions. Notably, the defendants aided Narinder Chug in the preparation of forged bills in order to carry out the fraud.

According to local media reports, a FIR has been filed after a thorough investigation by a high official. According to the investigation report, these companies are involved in transmitting and claiming fraudulent input tax credits without really supplying items and then monetising them through refunds.

The defendants have also taken advantage of export benefits while failing to fulfil the export requirements.

They received an input-tax credit of Rs. 8.97 crore and monetised it through a GST refund of Rs. 4.80 crore, totaling Rs. 13.87 crore.

He went on to say that a case had been filed under the Indian Penal Code's Sections 420 (cheating), 465 (penalty for forgery), 467 (forgery of valuable security, will, etc. ), 468 (forgery for the purpose of defrauding), 471 (using a forged document as real), and 120-B (criminal conspiracy).

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India, Noida

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20 November 2021, Mumbai:

The GST hike was notified by the Central Board of Indirect Taxes and Customs (CBIC) on November 18.

The government has increased the goods and services tax (GST) applicable on finished products such as apparel, textiles, and footwear from 5 percent to 12 percent, effective January 2022.

This was notified by the Central Board of Indirect Taxes and Customs (CBIC) on November 18.

GST rate on fabrics has been increased to 12 percent from 5 percent from January 202 and GST on the apparel of any value has been increased to 12 percent, compared to earlier when pieces priced up to Rs 1,000 were subject to 5 percent GST.

The Clothing Manufacturers Association of India (CMAI) on November 19 said it was “deeply disappointed" at the government’s decision to hike GST rates on apparel, reports said.

Money Control

(The news article has not been edited by DFU Publications staff)

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.  

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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19 November 2021, Mumbai:

India’s leading show specifically targeted at the stakeholders in the denim industry. Meet exhibitors and source directly from the country’s prominent names in denim. The show will be held alongside Gartex Texprocess India 2021 at Pragati Maidan, New Delhi from Dec 03-05, 2021.

Show Highlights:

Pocket Story: Bringing pocket to life and recreating the classic pockets to recite the transformation of jeans pocket and washes.

Witness Latest Trends & Finishes in the Denim Industry Source from a range of denim solutions directly from the manufacturers. All About Denim: It’s all about denim, a dedicated trend area for experiencing the new denim products curated by the industry.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.  

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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22 November 2021, Mumbai:

Welcoming the Union government’s move to reduce the goods and services tax (GST) rate on man-made fibre (MMF) to 12% from 18%, the Southern India Mills Association (SIMA) said it would help bring the cost of finished goods down.

There was a demand from the industrial players to bring the entire synthetic textile value chain under the 5% GST slab, as in the case of the cotton textile value chain.

In a notification on Thursday, the Union finance ministry had brought all the textile goods, except cotton and cotton yarn that would continue to attract 5% GST rate, under 12% GST rate.

Ravi Sam, Chairman, SIMA, thanked the Centre for production-linked incentive (PLI) scheme for certain man-made fibre, garments and technical textiles, extending the incentives ranging from 7% to 15%.

With this, he said, the government had fulfilled both the prerequisites for removing anti-dumping duty on MMF raw

material and fibres while addressing the inverted duty issues.

TOI

(The news article has not been edited by DFU Publications staff)

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India, Noida

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20 November 2021, Mumbai:

Online fashion retailer Myntra will now showcase luxury brands on its platform. The retailer has teamed up with The Collective to offer 65 premium brands including Polo Ralph Lauren, Ted Baker, Hackett London, Hugo, and Fred Perry. These will be available both on its mobile app as well as desktop.

By including luxe retail Myntra will now compete with Tata Group’s premium e-commerce store Tata Cliq Luxury as well as Reliance Retail's digital commerce platform Ajio Luxe who sell high-end bags, watches, shoes and other products.

India’s luxury market has remained niche, to say the least. Wealthy consumers typically spend on luxury bags, watches and clothes but buy such goods overseas. But that could be changing. Covid-linked travel restrictions have especially turned consumers to look for such products at home. As a result, retailers are pushing the ante on curating aspirational brands online.

Myntra has witnessed a sharp rise in demand for luxury brands on its platform during the course of the pandemic. This has prompted it to create a dedicated offering for the same and enable luxury customers to enjoy a distinguished experience. There is a growing cohort of shoppers looking up to this category in India today. Myntra has been growing its portfolio of brands lately, with additions such as Urbanic, Missguided among others.

India’s market for luxury e-commerce goods is growing by 29 per cent a year. Younger shoppers, swayed by emerging trends on social media, could be tempted to drop more money on a newly launched bag online or a pair of branded jewelry.

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18 November 2021, Mumbai:

Actor Kamal Haasan has launched his ethnic wear fashion label House of Khaddar. The actor has collaborated with designer Amritha Ram for the collection. The newly launched product line will be available to customers from across the globe on the brand’s exclusive website.

The brand wants people to understand the concepts of inclusivity and fluidity since these are increasingly important conversations, given the current environment. As a designer, Amritha Ram has sustainability on her mind.

She feels it is a responsibility and that if we consume less, the world will become more sustainable. The greatest joy for her in putting together this collection is to be able to create a kind of fashion democracy.

The idea behind House of Khaddar which also includes a fragrance line, is to create a clothing that flaunts Khadi as a textile.

House of Khaddar aims at showcasing the fabric in a chic, cool and modern avatar that will appeal to the youth of the nation. The label also aims at uplifting and bettering the lives of handloom weavers in India. The fragrance line is inspired by the ancient use of scent in every religious ceremony or prayer.

Amritha Ram is an Indian fashion costume designer, television host and entrepreneur, who has worked on Tamil and Telugu language films.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

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4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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20 November 2021, Mumbai:

Lashkaraa is banking on its affordable pricing coupled with a wide range of collection across categories to fuel growth. The online ethnic wear shopping platform founded in 2014 caters to wedding and festive clothing.

The company witnessed strong growth during the pandemic. Due to the pandemic lockdowns couples came online to complete their wedding trousseau shopping. This led to the brand’s largest increase in custom bridal trousseau orders to date.

The company is rapidly investing to grow its business through the globe as it is getting increasing orders every day from the farthest parts. It used the slow-period of the pandemic to hone its business intelligence and came up with the plan to expand to NRIs in various parts of the world.

Lashkaraa already has a strong presence in the US, Canada, UK, and the Middle East. It plans to further expand its presence over the next few months.

An innovative brand run by young professionals who passionately study emerging trends, Lashkaraa consists of dedicated designers, merchandisers and a tailoring team that combines the exuberance of youth and the insights of classic Indian craftsmanship to target discerning millennials.

The inventory of wedding wear includes saris, salwar suits, anarkali suits, Punjabi suits, palazzo suits, high slit gowns, lehenga cholis, kurtis etc.

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