Protest Against 10% Consumption Tax &Nbsp; India Garment Manufacturers Go On Strike For Two Days
To protest that the government budget proposes a 10% consumption tax on brand clothing, members of the India Garment Manufacturers Association (CMAI) decided to hold a two day event on -15 March 14th.
Strike
。
The national garment manufacturers will stop production in these two days.
However, the strike does not include the retail industry.
Rahul Mehta, President of India Garment Manufacturers Association (RahulMehta), said that the consumption tax had a direct impact on us.
The retail sector is united with us. They have launched a one-day strike in advance.
At the same time, in order to be fair, retailers and consumers should not be inconvenienced.
The India Apparel Manufacturers Association asked the government to withdraw the consumption tax.
Excise tax
It's not fair.
The strike estimated that the manufacturer lost 10 billion rupees.
The textile industry is the second largest employer industry in India after agriculture, most of which are non organized small businesses, and also one of the largest employers of unskilled and semi skilled labor.
At present, cotton prices are soaring, and the textile industry has encountered unprecedented difficulties.
Cotton and cotton yarn prices have risen by 70%-100% in the last 4-6 months, resulting in a 30% increase in the cost of finished products.
If we levy a 10% consumption tax,
textile
Demand will be severely damaged, resulting in a large-scale decline in consumption.
Mehta said that the India clothing manufacturers Association estimated that any manufacturer's reduction in production would cause at least 500 thousand people to lose their jobs.
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