NEW DELHI — In a fillip to India’s fashion industry, the government has set a zero excise duty on exports of cotton, spun yarn and apparel. The move went into effect March 1.
Industry analysts said the decision could mean the price of ready-made garments could come down by as much as 7 to 8 percent, benefitting manufacturers, retailers and customers. The announcement was made as a part of the Union Budget for 2013-14 by finance minister P. Chidambaram, with other incentives to keep the textile industry growing.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"