Editorials
by Rajen Kumar
No Escaping Social Media
Running a magazine concentrating on issues of small and medium enterprises and managing with limited resources is a like living life on the edge. In this rush of meeting deadlines,...
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Special Reports
Apr 2012EMRC, Brussels Associates with SME WORLD as its New Media Partner
EMRC has promoted business partnerships with the developing world and has organised dozens of business forums in key decision-making cities, such as Amsterdam, Rome,...
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Top Stories
GEA Appeals for Saving Garments Exporters
Dec 2010
GEA president, Rakesh Vaid informed that the apparel exports had remained" below the potential and expectations of the sector due to shrinking demand in major markets like the US and the EU.
He said that there was number of indigenous factors, particularly high transaction costs, increasing input cost, tight credit policy, high interest rate, severe liquidity crunch, rigid and outdated labour laws, poor infrastructure, high power cost and frequent power cuts, increasing cost of wages and unprecedented steep hikes in fabric prices which had been adversely affecting the competitive strength and performance of Indian Apparel Industry.
Vaid said that the recent appreciation of rupee had also eroded the profitability of exporters. The recent reduction in duty drawback rates
has also hit the exporters very hard making them uncompetitive in the international market.
GEA president informed that the recent Government decision to allow cotton exports was resulted in steep hike in the prices of Cotton, Cotton Yarn and Fabric. The textile industry has been making repeated representations to the Ministry of Textiles requesting the Government to allow for only calibrated cotton exports.
There was a need to focus more on" value added exports of garments rather than raw cotton or fabric as the value addition is over six times if the same amount" of cotton yarn that is being exported is used by garment exporting units. GEA appealed that the Government must ensure that Indian cotton was available to the domestic textile industry rather than to industries of our competitors like Pakistan, Bangladesh and China.
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The Last Word
More Learned than Educated, You were!
I was speechless. Rather hesitatingly I asked him, “So, what have you decided, Sominder ?” His reply was curt and candid, “I have told the doctors that I don’t want to live life as dumb. Only...
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