Home / Knowledge / News / Textiles / Madhya Pradesh textile weavers pin hope on state Budget
Madhya Pradesh textile weavers pin hope on state Budget
19
Feb '13
Textile weavers in the central Indian state of Madhya Pradesh have pinned hope on state Budget 2013-14, which would be presented by the Finance Minister this week.

Speaking to fibre2fashion, secretary of Madhya Pradesh Textile Mills Association (MPTMA), Mr. MC Rawat said, “We have urged for reduction of Value Added Tax (VAT) on all kinds of fibres from the existing 5 percent to 2 percent since all the neighboring states, including Maharashtra, have reduced VAT to 2 percent.”

“We have also demanded for the removal of entry tax on man-made fibres and finished products because it is increasing the cost of production of textiles and garments manufactured in Madhya Pradesh,” he informs.

He further says, “We have urged the state government for exemption of mandi tax on cotton, which is currently being levied at the rate of 1 percent and will end in November 2013.”

“While textile industries located in states like Gujarat and Rajasthan are not paying any mandi tax, Maharashtra textile units are paying only 0.6 percent as mandi tax,” he adds.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
March 2017

March 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