Home / Knowledge / News / Textiles Ministry recommends duty drawback on cotton yarn exports

Textiles Ministry recommends duty drawback on cotton yarn exports

16
Jul '11
The Union Minister for Commerce & Industry and Textiles, Shri Anand Sharma has said that he will recommend duty draw back on cotton yarn exports to Finance Ministry w.e.f. 1st April 2011. On cotton exports he said “comprehensive view will be taken on cotton exports after an inter-ministerial consultation over next few days and a close watch will be maintained on cotton arrival data, maintained by Cotton Advisory Board (CAB), whose meeting is scheduled for August.”

He was speaking after taking stock of the Textiles Industry at a stakeholder's consultations with Industry. It was a comprehensive review of key stakeholders of textiles industry, including the cotton industry, yarn industry and apparel producers.

Apart from the duty draw back recommendation and cotton export related issues he announced that 3 mills of National Textiles Corporations (NTC) will be inaugurated in Maharashtra, Gujarat and Karnataka. Indicating the urgency in addressing the industry concern the Minister informed that “Within 10 days, we will take a final view on the new Schemes for Integrated Textiles Park (SITPs) to be established in the country. 25 new SITP's will be constituted; each unit will have the costing of 40 crores.”

Furthermore, four completed Integrated Textile Parks will be inaugurated in Maharashtra and Gujarat shortly. Cotton Development Bill will be introduced in the Winter Session of Parliament to establish a DG of textile intelligence.

On the pressing need of reviving the Tirupur Shri Sharma said, “I am seized of the enormity of the challenge posed by the High Court order and the huge social dimension, resulting from closure of units in which thousands of people have been rendered jobless. I will discuss the matter with Environment Minister and Tamil Nadu Government to draw a roadmap for meeting environment regulatory norms. A Public Private Partnership model will be explored where industry and Government will work jointly to develop a technically and economically feasible solution. I have requested Secretary (Textiles) to travel to Chennai on Monday to hold a dialogue with the Chief Secretary”

Press Information Bureau


Must ReadView All

NRF cautions USTR against additional tariffs on PRC goods

Apparel/Garments | On 26th Jun 2019

NRF cautions USTR against additional tariffs on PRC goods

The US National Retail Federation (NRF) recently urged the Office of...

Adverse measures may shut down textile units, Pak PM told

Textiles | On 26th Jun 2019

Adverse measures may shut down textile units, Pak PM told

Representatives of the Pakistani textile and garment export industry...

ICC envoy to UN presents recommendations on e-com at WTO

E-commerce | On 26th Jun 2019

ICC envoy to UN presents recommendations on e-com at WTO

Crispin Conroy, International Chamber of Commerce permanent...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala, Jansun

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Hannah Lane, Redress

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Sonia Agarwal, Whitenife

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Will Qian,

Will Qian

Honghua Digital Technology Stock Co., Ltd. specialises in the R&D,...

Erik Sy,

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Rajat Jaipuria,

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

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

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

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

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

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

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


June 2019

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

news category


Related Categories:

Advanced Search