Home / Knowledge / News / Apparel/Garments / Gangwar assures textile industry of addressing its demands
Gangwar assures textile industry of addressing its demands
23
Jan '16
Textiles Minister Santosh Gangwar has assured textile industry bosses of looking into their demands and grievances which he described as reasonable. He also said he would also discuss those issues with the commerce and finance ministries.

Gangwar's comment came in Coimbatore after he heard the views of major industry associations in the region. He said all their 15 demands are very reasonable and assured them steps would be taken to find a solution.

The associations thanked Gangwar for announcing Amended TUF Scheme with a record Rs 17,822 crore allocation, extending export incentives for textile products under Interest Equalisation Scheme, enhancing duty drawback rates for various textile products and steps to promote coastal movement of cotton from Gujarat to Tamil Nadu in a cost effective manner.

They urged the minister to address some more issues to create a level-playing field in globalised environment and enable the industry achieve the target of $300 billion textile business size by 2023 from the current level of $110 billion.

The demands include continuation of Optional CENVAT route, fixing lowest slab of GST for textile industry, extending export incentives for cotton yarn export, reduction of excise duty on Man Made Fibres from 12.5 to six per cent and compensate farmers directly whenever the cotton market price rules below MSP.

Meanwhile, the Tirupur Exporters Association (TEA) in a memorandum to Gangwar listed a few issued it wants resolved under the new textile policy which is on the anvil.

Among them is zero per cent excise duty for manmade fibre as is the case with cotton, which TEA said will help increase the usage of manmade fibres and the production of garments. It will also boost the export of manmade fibre garments, as the global market is available for these garments throughout the year.

The memorandum also highlighted the hassles with customs that textile units have to face. It pointed out that the duty free entitlement for import of trimmings and embellishments and other goods used by the readymade garment sector for manufacture of garments for export was increased from 3 per cent to 5 per cent in last Union Budget and also fixed import of sample fabric of total length up to 1000 metre without payment of Customs Duty during one financial year.

It said that under the Export Performance Certificate Scheme, the garment sector utilized less than Rs.900 crores only against Rs. 5,150 crores for 5 per cent of FOB value of garment exports at Rs.1,03,000 crores in 2014-15. As the duty free import percentage has been increased to 5 per cent from July 10, 2014 onwards, the non utilization value is on higher side and therefore, to utilize the given facility out of 5 per cent, a maximum of 3 per cent of the licence may be allowed for import of fabrics without keeping restriction of 1,000 metre.


Must ReadView All

Textiles | On 29th Jun 2017

Nan Ya files trade petition in US against Korea & Taiwan

Nan Ya Plastics Corporation, America, a US synthetic fibre producer,...

Textiles | On 29th Jun 2017

Indian textile industry will reach new milestone by 2020

By 2020, textile technologies will be highly advanced not only with...

Apparel/Garments | On 29th Jun 2017

Amazon intends to keep investing and growing in India

American online retail giant Amazon intends to keep investing and...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X