Apparel manufacturing has suffered the 10th straight monthly decline in production on account of issues which have arisen after the implementation of GST, Apparel Export Promotion Council (AEPC) said on Friday. India’s apparel production has shown a decline of 4.7% in February and 9.9% for April-February, FY18. HKL Magu, chairman, AEPC, said “Unresolved issues like cut in the duty drawback after the imposition of GST, slow GST refunds and uncertainties on future of export subsidies have hit the sentiments. The global demand is good and the industry is keen to take up more orders but cost disadvantage is affecting India’s relative position as a sourcing destination”, he said. TNS

www.tribuneindia.com