Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2011-03-16

Garment manufacturers on strike

Demand roll back of excise duty

Thousands of garment manufacturers on Tuesday closed factories across India for the second day as part of their two-day strike demanding rollback of 10 percent excise duty imposed on branded apparels in the Budget 2011-12.

The strike call has been given by Clothing Manufacturers Association Of India (CMAI), an industry body that claims to represent over 20,000 companies in India, including ready made garment manufacturers, exporters and retailers.

CMAI said, the two-day strike would result in a loss of Rs. 600 crore.

Protesters shouted slogans like "Don't gag Indian garments industry" and held up placards which read "Roll back excise on branded garments"."

Demanding immediate rollback of excise duty, the garment manufacturers said the imposition of excise duty would overburden the industry, which was already facing several problems owing to rise in the price of raw materials.

"The decision to impose 10 percent tax on the branded garments is not only against us but it is also against the common man who won't be able to afford clothes after the hike in their prices," Federation of Readymade Garments Hosiery Trade of India (FRGHTI) president Ramesh Ahuja told media.

Related opportunities
  • Florists
    About Us: Casafleur is a popular florist brand from Delhi that..
    Locations looking for expansion New Delhi
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
  • Fine Dine Restaurants
    About Us: A high end fine dine stand alone restaurant is..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Ice creams & Yogurt Parlors
    About Us: Established in 2016, Pop Hop is a unique and..
    Locations looking for expansion Karnataka
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 120
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Quick Service Restaurants
    About Us: Chicken Xpress is spreading across the country through a..
    Locations looking for expansion Maharashtra
    Establishment year 2012
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 900
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts