Home / Knowledge / News / Textiles / MMF fabric sector expects support from next budget
MMF fabric sector expects support from next budget
19
Dec '09
The man-made fibre (MMF) fabric industry is expecting a supportive budget for year 2010-11 after witnessing demand fall in the domestic markets. The Federation of Indian Art Silk Weaving Industry (FIASWI) proposed various policy measures for Indian textile industry, in the pre-budget recommendations to Union Textile Ministry, by considering the statutory and legal framework arising out of India's commitment to World Trade Organization (WTO).

In a bid to provide level playing field to the manufacturers of man-made fabric in Surat and other power-loom centres across the country, FIASWI Chairman Mr. Arun Jariwala urged to implement uniform excise duty of 4 percent on all types of yarn, fabrics and garments. He also recommended that, yarn from man-made fibres should be exempted from the 4 percent excise duty as cotton yarn does not attract any mandatory duty.

Specific duty on cheap imported fabric should be continued in order to protect the decentralized power-loom sector, as this sector contributes 92 percent to production of man-made fabrics, and offers direct and indirect employment to more than 10 million people, said the Chairman.

Only 22 percent of the total man-made fabric produced in India is shipped overseas, whereas cotton fabric export accounts for 35 percent of its overall production. A special arrangement should be made to encompass man-made fabric and garments into focus scheme with added benefits under the duty draw back scheme, demanded the industry leaders.

Moreover, demands have also been made to impose four percent excise duty on textile machinery, spare parts, imported machinery, and uniform custom duty of 30 percent on silk yarn and cloth import, as well as to implement goods and service tax (GST) after two years, informed Mr. Jariwala.


Fibre2fashion News Desk - India


Must ReadView All

ITC, ICS tie up to help Moroccan textile value chain

Textiles | On 21st Apr 2018

ITC, ICS tie up to help Moroccan textile value chain

The International Trade Centre (ITC) has partnered with ICS, which...

Bangladesh garment manufacturers call for fair pricing

Apparel/Garments | On 21st Apr 2018

Bangladesh garment manufacturers call for fair pricing

Bangladesh garment manufacturers want a ‘commensurate adjustment’ by...

Pak ministry proposes extension to PM package for 2018-19

Textiles | On 21st Apr 2018

Pak ministry proposes extension to PM package for 2018-19

Pakistani textile ministry has reportedly proposed extending the...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kerem Durdag
Biovation II LLC

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

Leave your Comments


April 2018

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

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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

Yes No

Active Poll

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

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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

Yes No

Active Poll

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

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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

Active Poll

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

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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