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

Apparel/Garments | On 26th Sep 2017

US raises annual AGOA quota for textiles

The US Committee for the Implementation of Textile Agreements has...

Textiles | On 26th Sep 2017

Gujarat hopes extended textile policy to attract Rs 5000 cr

The Gujarat government feels that its recent decision to extend its...

Apparel/Garments | On 26th Sep 2017

Cash burn by e-tailers in India may double during festivals

During this year’s festival season, which has already started,...

Interviews View All

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Larry L Kinn
Suominen Corporation

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

Lynda Kelly
Suominen Corporation

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

Eric Scholler
Groz-Beckert

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

September 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
75.0%
No
12.5%
Skip
12.5%

Total Votes: 48

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
62.5%
No
25.0%
Skip
12.5%

Total Votes: 48

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
87.5%
No
6.3%
Skip
6.3%

Total Votes: 48

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
70.8%
No
10.4%
Skip
18.8%

Total Votes: 48


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