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Tag: handicraft products

Apparel and Textile News Trade Info News

GST brings setback to the Indian Handicraft Industry

The implementation of the new tax regime has noted a drop in business by 25 per cent which had a cascading effect on the Indian handicraft industry. The classification of handicraft items has made the products expensive under various GST slabs of 5 per cent, 12 per cent, 18 per cent, and 28 per cent. […]

appareltalk
October 23, 2017
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Apparel and Textile News Trade Info News

Textile Policy to achieve $300 bn Exports by ’25

The new textile policy aims at achieving 300 billion US dollar textiles exports by 2024-25 and envisaging creation of additional 35 million jobs with focus on a three-pronged approach to boost the growth of Indian handicraft sector facing tough competition from international players. The textiles ministry is currently engaged in consultation with stakeholders including states […]