The apparel package was announced by the government in June this year.
“The extension of apparel package to made-ups is indeed a major step by the textile ministry and will help the Indian industry withstand global competition. This will re-energise the entire value-chain and help the industry function efficiently. It is also important to address the issues of FTAs. The inclusion of home textiles in the package will provide logistics that will help us compete globally. With a dynamic textile minister and proactive measures being taken by the government, this is an opportune time for the industry to take path-breaking initiatives,” BK Goenka, chairman, Confederation of Indian Industry (CII) national committee on textiles and chairman, Welspun India Ltd, told Fibre2Fashion.
“The textile industry welcomes government’s initiative to support the made-ups sector. This will help India achieve a triple of creating huge employment, earning forex and creating traction for fabric and yarn sectors. The maximum sourcing for made-ups sector will also help in the implementation of ‘Make in India’ plan of our prime minister Narendra Modi,” said Binoy Job, secretary general, Confederation of Indian Textile Industry (CITI).
Welcoming the initiative by the government, Siddhartha Rajagopal, executive director of The Cotton Textiles Export Promotion Council (Texprocil) said, “This is a good initiative by the government. The rebate of state levies on made-ups is a huge benefit. It is relief to the exporters of home textiles. This step will also promote the production of fabrics in the country, which will also boost employment.” (RR)
Fibre2Fashion News Desk – India
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