Home / Knowledge / News / Textiles / Indian textile sector seeks relief in Union Budget 2013-14
Indian textile sector seeks relief in Union Budget 2013-14
Feb '13
Indian textile and garment industry is seeking relief inUnion Budget and is expecting exemption of customs duty on man-made fibre, removal of levy of excise duty on readymade garments, allocation of more fund for Technology Upgradation Fund Scheme (TUFS), export incentives on textile and garment products as well as removal of customs and excise duties on all textile machineries.
Speaking to fibre2fashion, secretary of South India Garment Association (SIGA), Mr. Anurag Singhla said, “We expect the Finance Minister to remove the excise duty on branded garments as it is causing negative growth, slow down of economy, devaluation of stocks, under use of production capacities and reduced employment to common people.”
The levy of excise duty on labeled apparels was imposed and rolled back in 1972 and in 2001 due to its negative impact on garment industry, but it was reintroduced in February 2011.
Mr. Praveen Bafna, vice president of SIGA, explains, “Cheap import from Nepal, Thailand & bilateral treaty with Bangladesh for duty-free import of garments is causing a severe dent in the domestic industry. Big brands are already procuring the garments from Thailand, Nepal and also from Bangladesh, whereas some small and medium garment manufacturers have started visiting Bangladesh to explore opportunities to procure the garments at lower rates. Hence in the interest of domestic garment industry and to save jobs, the levy of excise duty must be re-considered with immediate effect.”
According to Mr. K Selvaraju, general secretary of Southern India Mills Association (SIMA), the Central Government should remove customs duty on chemical fibres. “We have demanded for removal of customs duty on man-made fibres.”
“We have also urged to reduce the central excise duty from existing 12 percent,” he adds.
Mr. Paritosh Agarwal, managing director of Suryalakshmi Cotton Mills Ltd, says, “Adequate fund should be allocated for TUFS so that the sanctioned projects could get financial assistance.”
“We have asked for exemption of customs and excise duties on all textile and garment machineries as well as to increase export incentives on garments,” he adds.
He further informs, “Interest subvention rates on exports of readymade garments should be increased and it should be introduced on yarn and fabric.”

Fibre2fashion News Desk - India

Must ReadView All

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Veronique Lee

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mohammad Hassan
Biax Fiberfilm

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

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

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

news category

Related Categories:

Advanced Search