India Garment Manufacturers Need To Be Vigilant For Breach Of Contract
From "India business online" recently reported that: India
clothing
Rahul Mehta, President of the manufacturers association, said that the normal payment cycle is usually 30 to 60 days. Now it has been extended to 6 to 8 months, which has led to the payment crisis for the entire garment industry.
In some extreme cases, buyers disappear without payment.
The India Garment Manufacturers Association (CMAI) has increased the membership of the industry arbitration committee from 4 to 15, in order to provide an arbitration representative seat for every subdivision of the garment industry.
In addition, 80 volunteers formed supervision teams to monitor developments.
These volunteers represent
clothing
The interests of industrial real estate and apparel industry cluster.
The garment manufacturers association also appealed to wholesalers, distributors, agents and retailers in the clothing industry to hold a meeting in Mumbai to discuss this issue.
Majority
Garment manufacturing
Before applying for the chairman of the CMAI Arbitration Commission, the business needs to wait for 18 months' silent period.
The output value of clothing industry in India exceeded 45 billion US dollars.
Because the apparel industry involves many links such as retailers, distributors and agents, the industry structure is also very dispersed, so many clothing companies have no way to control their accounts receivable.
To this end, the India Garment Manufacturers Association launched a motion, and unite all stakeholders in the garment industry to ensure timely payment by all parties.
Rajesh Masand, vice chairman of the arbitration committee of the India Garment Manufacturers Association, said that once the association accepted the complaint of breach of payment, it would convene the two parties to solve the problem through friendly negotiation.
If this way can not solve the problem, the association will disclose the bad behavior of the 80 defaulting parties to the stakeholders of the garment industry.
These people or companies will spread the bad behavior of the defaulting to other colleagues' ears, so that the defaulting can not stand in this field.
- Related reading
The Design Of The Pattern Is Similar To That Of A Nantong Textile Manufacturer.
|- Advertising blockbuster | Theory2016 Spring And Summer Men'S Wear Commercial Blockbuster To Create Modern Urban Men
- Fashion Library | Chanel And Long Are Still Steady And Stable.
- Order-placing meeting | Burberry Creative Director Announces The Purpose Of Reducing The Show Schedule
- Instant news | American Apparel How To Do After Bankruptcy And Delisting?
- Show show | Saint Laurent Losangeles Showcase Is Not Too Small To Play High Profile.
- Staff world | Fashion Industry Reshuffle Foreplay: Designers Quit
- Innovation and invention | Design A Very Unique Wearable Fashion Garment.
- Industry Overview | The Overall Growth Rate Of The Luxury Goods Industry Is Somewhat Unsightly.
- quotations analysis | Can The Situation Of Cotton Spinning Be Improved In 2016?
- Show show | MSGM Says What Kind Of Abacus Is Forbidden To Use Cell Phones In The Show.
- Textile And Clothing Industry: Concerned About The Theme Investment Of The Two Sessions
- Valentino2015 Autumn And Winter Show, Multi Element Fusion, Big Scraping And Restoring Ancient Style.
- Huaihua Will Strive To Add 600 Registered Trademarks This Year.
- Jiangsu Province Promotes The Business Registration System Reform, The Number Of Newly Registered Companies Has Increased Significantly.
- The First Financial Asset Management Co To Be Established In Shandong
- Who Should Be Responsible For The Workers In The Raid?
- Ningde Exported To US $860 Million In February.
- Take You Through The Rebellion Of The Workplace
- Character Determines Your Job Position.
- Introduction Of Common Training Methods In Enterprises