In order to help the Industry to grow to international standards, the Government would require to take the following steps:

1. Reduce the input costs through reduction in tariff on capital goods and building blocks and to eliminate multiple taxation.
   
   
2. Implement power sector reforms and ensure reduced cost and improved quality of energy to all units by encouraging captive power plants through various subsidies from State Governments.
   
   
3. Augment facilities at major Ports especially container terminals & bulk cargo terminals to reduce congestion. Implement uniform charges for berthing in all Ports.
   
   
4. To encourage R&D by creation of R&D hubs with state-of-art testing with internationally recognized accreditation.
   
   
5. Many of the Dyes & Dye intermediates plants are operating with obsolete technologies and below economic scale of operations. A Technology Up-gradation and Development Fund need to be established for up-gradation of such plants.
   
   
6. Cost of finance in India is high as compared to many other countries. Finance for industry should be made available at reduced rate of interest.
   

Originally published in: Textile Review, August-2010

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