Home / Knowledge / News / Textiles / Federal govt slated for lifting textile import ban
Federal govt slated for lifting textile import ban
Feb '11
The Federal Government's decision of removing the ban imposed on imports of textiles and allied goods has been slated by the National Association of Small Scale Industrialists.

Duro Kuteyi, the National Vice President of the Association, while conversing with the press said that, due to removal of the ban the marketing environment has become dim and has raised problems for the borrowers who are finding it difficult to pay back the loans.

The players from the sector who borrowed the funds to boost their production are now in panic.

It follows from the present situation that the textile producers who took advantage of the N200 billon intervention fund might not be able to repay the sum, owing to the Federal Government's move of removing the ban on imports of textile items.

The official stated that it was an effort on the part of the Federal Government to ensure that, it does not get back the sum advanced to the textile producers for revamping their industries, as on one hand the government has provided the funds and on the other it has even lifted the import barriers. Thus, it is difficult to say whether the government really expects the borrowers to repay the loans or not.

While on one hand, the government extends loans to the producers, and on the other hand it poses hindrances on the way of utilising the same to generate more wealth, so what is the use of giving such loans.

According to an expert, the government has stated that it would be required to introduce some measures to help the producers to cut down their cost of production and to alleviate the competition that the imported products would extend.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 9th Dec 2016

ACIMIT signs MoU with Pakistan textile bodies

In a bid to strengthen the trading in garments and textiles between...

Textiles | On 9th Dec 2016

‘Less demand may make it hard to achieve export target’

The $48 billion target for textiles and garment exports for 2016-17...

Textiles | On 9th Dec 2016

GST Council may decrease tax rates in future: CBEC

The goods and services tax (GST) Council might reduce the proposed...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Ashok Desai
Bombay Textile Research Association

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

Eric Scholler

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Igor Chapurin

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

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


Browse Our Archives


Advanced Search