NITMA's wish list includes grant of MEIS and interest subvention for yarn industry w.e.f. April 1, 2016, formulation of a comprehensive, scientific and unbiased system for crop forecast and arrivals, creating of an All India policy to ensure a holistic development of the entire textile industry in a balanced manner to enable judicious use of government money.
Indian spinning industry is the most developed segment of the textile and clothing value chain. It is a global market leader with 30% exportable surplus going to countries across the globe. There also seems no dearth of incentives from either the centre or state government. While these facts could be the envy of any sector, industry insiders say excessive...#
To enable maximum advantage of exports, it also wants the Directorate General of Foreign Trade (DGFT) to provide data of cotton and yarn exports/imports on real time basis. (SH)
Fibre2Fashion News Desk – India
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