Home / Knowledge / News / Textiles / Textile Ministry pitches for lowest GST slab
Textile Ministry pitches for lowest GST slab
27
Aug '15
The textiles ministry is pushing for keeping the industry in the lowest slab of the proposed Goods and Services Tax (GST) and has pitched a proposal to the Finance Minister, according to media reports.

"GST is important, and we are trying to convince the Finance Minister so that in GST, the textile industry remains at the lowest level. There is maximum scope of employment in our industry," Union Textiles Minister Santosh Gangwar said during the inauguration of an intimate apparel show, Galleria Intima, in New Delhi.

He also outlined the ambitious goal of raising India's share in global textile exports to 10 per cent in the next five years, from five per cent at present. India's current textiles exports amount to around $40 billion.

Despite China being way ahead in the textile sector, Gangwar said he is confident that India's textile industry will not lose out to China although that country is the largest cotton producer in the world ahead of India.

He also highlighted the need for a change in labour laws in the country, especially to ensure flexibility of work timings for female workers. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Courtesy: IVL

Textiles | On 26th Jul 2017

IVL completes PTA capacity expansion in Europe

Indorama Ventures Public Company Ltd (IVL), a global chemical...

Textiles | On 26th Jul 2017

Vietnam’s textile & garment exports cross $13bn in H1

Vietnam earned $13.... billion from textile and garment exports in...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marten Alkhagen
Swerea IVF AB

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

Mike Hoffman
Gildan Activewear SRL

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X