Home / Knowledge / News / Textiles / Basic necessities priority for govt: Irani on GST slabs
Basic necessities priority for govt: Irani on GST slabs
21
Nov '16
Basic necessities of food, clothing and housing were priorities for the government, Union textiles minister Smriti Irani has said. The minister was responding to demands from Gujarat state textile players that textile and apparel goods be included in the lowest slab under the proposed Goods & Services Tax (GST), likely to be rolled out from April 1, 2017.

Irani was in Ahmedabad at an interactive session titled 'Textiles: Today & Tomorrow' at the Gujarat Chamber of Commerce & Industry (GCCI), which was attended by representatives of various segments in the Gujarat textile value chain.

According to the minister, Gujarat is well placed to become a textile production hub for the world. She suggested that the industry has inter-regional conversations not just limited to Gujarat but also with stakeholders across India.

On the long pending FTA with the European Union, which was impacting exports from India, while those of Bangladesh were zooming ahead due to preferential tariffs, she said the negotiations would be done keeping in mind the interest of the Indian textile industry. However, she did not provide a timeline by which the FTA would be finalised or come in to force.

On offering subsidies to those who wanted to invest their own capital under TUFS as against subsidies offered only on bank loans, she said the TUFS scheme was meant for those who did not have capital in hand and hence they were the ones who needed those subsidies.

“Technical textiles will be given top priority under the to be announced National Textiles Policy, as it was an area in which, there was huge potential for growth and for which there was a need to stitch collaborations with companies of various countries like Germany and Japan,” she said. “There was potential for huge growth in geotextiles and agrotextiles, which would also benefit farmers in the country.”

Irani also informed that wellness garments were taking off in the western countries, which provides an opportunity for the Indian khadi to be processed with ayurvedic drugs to offer wellness garments.

On the seasonal nature of employment in the garment industry, she said the Rs 6,000 crore garment package has already become effective and under it, the government was providing various benefits to the employees, so that companies were not burdened with providing various compliance benefits to the workers.

The minister also added that it was the job of various textile and garment associations, including the GCCI, to inform the various SMEs in the sector about the benefits offered by the package.

Irani also suggested collaborations between stakeholders in various segments of the Gujarat textile value chain like ginners, spinners, weavers, fabric processors and also garment producers to set up integrated facilities, to ensure that raw cotton produced in the state is processed in the state itself, while also adding value through processing cotton.

She urged trade bodies to approach the ministry with the challenges they were facing and it would be her endeavour to see that they are addressed to the utmost possible. (AR)

Fibre2Fashion News Desk – India

Must ReadView All

Apparel/Garments | On 18th Feb 2017

Bangladesh apparel sector has 95% local investors: BGMEA

Over 95 per cent of the total investors in the Bangladesh apparel...

Textiles | On 18th Feb 2017

Smriti Irani resolves cutting of carpets issue at ports

During a meeting held with stake holders of the carpet weaving...

Apparel/Garments | On 18th Feb 2017

Andhra Pradesh inks MoUs to set up 12 apparel units

At the recent CII Partnership Summit held in Hyderabad, memorandum of ...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search