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Textiles Ministry recommends duty drawback on cotton yarn exports
16
Jul '11
The Union Minister for Commerce & Industry and Textiles, Shri Anand Sharma has said that he will recommend duty draw back on cotton yarn exports to Finance Ministry w.e.f. 1st April 2011. On cotton exports he said “comprehensive view will be taken on cotton exports after an inter-ministerial consultation over next few days and a close watch will be maintained on cotton arrival data, maintained by Cotton Advisory Board (CAB), whose meeting is scheduled for August.”

He was speaking after taking stock of the Textiles Industry at a stakeholder's consultations with Industry. It was a comprehensive review of key stakeholders of textiles industry, including the cotton industry, yarn industry and apparel producers.

Apart from the duty draw back recommendation and cotton export related issues he announced that 3 mills of National Textiles Corporations (NTC) will be inaugurated in Maharashtra, Gujarat and Karnataka. Indicating the urgency in addressing the industry concern the Minister informed that “Within 10 days, we will take a final view on the new Schemes for Integrated Textiles Park (SITPs) to be established in the country. 25 new SITP's will be constituted; each unit will have the costing of 40 crores.”

Furthermore, four completed Integrated Textile Parks will be inaugurated in Maharashtra and Gujarat shortly. Cotton Development Bill will be introduced in the Winter Session of Parliament to establish a DG of textile intelligence.

On the pressing need of reviving the Tirupur Shri Sharma said, “I am seized of the enormity of the challenge posed by the High Court order and the huge social dimension, resulting from closure of units in which thousands of people have been rendered jobless. I will discuss the matter with Environment Minister and Tamil Nadu Government to draw a roadmap for meeting environment regulatory norms. A Public Private Partnership model will be explored where industry and Government will work jointly to develop a technically and economically feasible solution. I have requested Secretary (Textiles) to travel to Chennai on Monday to hold a dialogue with the Chief Secretary”

Press Information Bureau


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