Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities

Garment manufacturers on strike

Demand roll back of excise duty

Garment manufacturers on strike

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
  • About Us: “99 Pancakes” is first and India’s fastest growing business..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • About Us: M&B Footwear is the fastest-growing company in the Footwear..
    Locations looking for expansion UTTAR PRADESH
    Establishment year 1993
    Franchising Launch Date 2002
    Investment size
    Space required 800
    Franchise Outlets -NA-
    Franchise Type -NA-
  • Juices / Smoothies / Dairy Parlors
    About Us: Lassi Bistro, one of India's trendiest chain of Lassi,..
    Locations looking for expansion Karnataka
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • About Us: Unique Brew Café – India’s most Unique Café chai..
    Locations looking for expansion Gujarat
    Establishment year 2011
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Surat Gujarat
Insta-Subscribe to
The Franchising World
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

ads ads ads ads