Home / Knowledge / News / Textiles / Textile Ministry moots cut in excise duty on MMF to 6%
Textile Ministry moots cut in excise duty on MMF to 6%
02
Nov '15
The Textiles Ministry has recommended to the Centre to reduce excise duty on man-made fibres (MMF) from 12 per cent to 6 per cent, according to an agency report.

The recommendations came following Textile Commissioner Kavita Gupta's discussions with various export promotion councils and traders' bodies recently.

At a meeting with Tirupur Exporters' Association at Tirupur, Gupta said it was for the government to decide on the reduction, according to sources.

The Textile Commissioner also asked exporters to tap the huge potential in the technical textile sector, whose demand is rising worldwide. She said that if garment manufacturers from Tirupur, whose exports have crossed Rs 20,000 crore, enter the technical textile sector, the revenue would get a major boost.

The government has adequate funds to promote innovative products, she said and urged industrialists to come forward and utilise the funds for developing newer products. (SH)

Fibre2Fashion News Desk - India

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Ashok Desai
Bombay Textile Research Association

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search