Hotline: 1800 102 2007
Search Business Opportunities

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
  • Ice creams & Yogurt Parlors
    About Us: Nirula's is India's oldest fast food restaurant chain. Based..
    Locations looking for expansion Delhi
    Establishment year 1950
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: My Hotline is a Cloud Communication and Business Solutions..
    Locations looking for expansion Punjab
    Establishment year 2002
    Franchising Launch Date 2015
    Investment size Rs. 10000 - 50 K
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Jalandhar Punjab
  • Pets – A Booming Industry for you to start a..
    Locations looking for expansion Gujarat
    Establishment year 2011
    Franchising Launch Date 2014
    Investment size Rs. 30lac - 50lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Ahmedabad Gujarat
  • Bars, Pubs & Lounge
    About Us: Amidst the hustle and bustle of the city lies Baraza..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
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