Home / Knowledge / News / Textiles / Shuttleless loom cloth producers seek Govt concessions
Shuttleless loom cloth producers seek Govt concessions
23
May '08
The Shuttleless Loom Cloth Manufacturers Association of Tamilnadu and the South India Autoloom Cloth Manufacturers Welfare Association have pled to the Central and State Government to grant them concessions in loan repayment, import duty and local taxes.

The associations revealed to the Government that a number of weaving units opted for imported shuttleless looms which cost them a huge amount. However, as demand for the fabric is low, financial crisis are looming over manufacturers.

These units were not fully abreast about potential products and their markets, besides, interest rates also went up from 11 to 15 in the past few months. In fact, spare parts for these imported looms in turn had to be imported at high duty. This posed a real burden on the manufacturers who are finding it difficult to bear the expenses.

Presently, these units are doling out nearly 35 percent of the production costs towards power charges and in addition suffers from shortage of labors. Such demoralizing circumstances are making it difficult for manufacturers to sustain operations.

Seeking respite from this situation, shuttleless loom cloth units have approached the Government urging it to lower interest rates and grant a holiday period for loan repayment.

Moreover, manufacturers have also appealed to the Government that such fabric be purchased by its departments like Railway, Highways and the Armed Forces.

Experts believe that in order to do away with stocking of cotton, the Government should permit export of only surplus cotton and that too only through the Cotton Corporation of India. Additionally, it should also provide tax exemptions as given to hank yarn producers and must allow supply of power at a concessional rate.

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Suresh Patel
Sidwin Fabric

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Mike Hoffman
Gildan Activewear SRL

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

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