Interviews
Shri Vaghela inaugurates Diversified Jute & Woollen Products Expo in Gujarat
19 Jan '09
5 min read
The real impetus to the sector came with the dereservation of small scale sector, and Rationalization of duties, the implementation of the Scheme for Integrated Textile Park (SITP) and a renewed focus on Technology Upgradation Fund Scheme (TUFS) to help modernize production, further helped the industry, said Shri Vaghela..
To make Indian fabric and apparel more competitive, excise duty on all manmade fibres and yarns, customs duty on polyester raw material were reduced, said Shri Vaghela. The garmenting is an important segment of Indian Textiles Industry which employs around 5 million workers and has a great employment potential. The UPA Government had set up the Apparel Training and Design Centre (ATDC) at Godhra, he added. He said that the Centre would provide training to 900 male and female apprentices to make them employable in the Apparel Industry. This measure would help in boosting the employability of local youth, he said.
The Minister said that the current year has seen a sharp improvement in Indian merchandise exports, and growth has surged much faster than expected, putting an end to the pessimism that reigned in the first half of the last fiscal. The depreciation of the rupee is one of the reasons why exports have picked up. The Minister said that we are aware of the adverse impact of economic down turn in USA, EU and other developed countries. This is a very challenging situation, and export targets appear to be under pressure.
The International market conditions are beyond the control of the Government. To help the industry to tide over the crisis, the Minister said that he personally took up the matter with the Ministry of Finance and Prime Minister Office and the Government had announced two stimulus packages to help the Industry, particularly export oriented sectors. Shri Vaghela said “I hope these measures will, to a large extent, cushion the impact of adverse global conditions”.
To make Indian fabric and apparel more competitive, excise duty on all manmade fibres and yarns, customs duty on polyester raw material were reduced, said Shri Vaghela. The garmenting is an important segment of Indian Textiles Industry which employs around 5 million workers and has a great employment potential. The UPA Government had set up the Apparel Training and Design Centre (ATDC) at Godhra, he added. He said that the Centre would provide training to 900 male and female apprentices to make them employable in the Apparel Industry. This measure would help in boosting the employability of local youth, he said.
The Minister said that the current year has seen a sharp improvement in Indian merchandise exports, and growth has surged much faster than expected, putting an end to the pessimism that reigned in the first half of the last fiscal. The depreciation of the rupee is one of the reasons why exports have picked up. The Minister said that we are aware of the adverse impact of economic down turn in USA, EU and other developed countries. This is a very challenging situation, and export targets appear to be under pressure.
The International market conditions are beyond the control of the Government. To help the industry to tide over the crisis, the Minister said that he personally took up the matter with the Ministry of Finance and Prime Minister Office and the Government had announced two stimulus packages to help the Industry, particularly export oriented sectors. Shri Vaghela said “I hope these measures will, to a large extent, cushion the impact of adverse global conditions”.
Press Information Bureau
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
