Home / Knowledge / News / Textiles / Textile Ministry pitches for lowest GST slab
Textile Ministry pitches for lowest GST slab
27
Aug '15
The textiles ministry is pushing for keeping the industry in the lowest slab of the proposed Goods and Services Tax (GST) and has pitched a proposal to the Finance Minister, according to media reports.

"GST is important, and we are trying to convince the Finance Minister so that in GST, the textile industry remains at the lowest level. There is maximum scope of employment in our industry," Union Textiles Minister Santosh Gangwar said during the inauguration of an intimate apparel show, Galleria Intima, in New Delhi.

He also outlined the ambitious goal of raising India's share in global textile exports to 10 per cent in the next five years, from five per cent at present. India's current textiles exports amount to around $40 billion.

Despite China being way ahead in the textile sector, Gangwar said he is confident that India's textile industry will not lose out to China although that country is the largest cotton producer in the world ahead of India.

He also highlighted the need for a change in labour laws in the country, especially to ensure flexibility of work timings for female workers. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Belarusian petrochem firms sign contracts with Russia

Textiles | On 22nd Oct 2018

Belarusian petrochem firms sign contracts with Russia

Belarus recently signed contracts worth nearly RUB 12 billion for...

Courtesy: Donear

Textiles | On 22nd Oct 2018

Aspiring middle class shaping menswear fabric trend

The key trends shaping menswear fabric include a new middle class and ...

Bangladesh saw closure of 1200 factories in 4 yrs: BGMEA

Apparel/Garments | On 22nd Oct 2018

Bangladesh saw closure of 1200 factories in 4 yrs: BGMEA

Nearly 1,200 garment factories in Bangladesh shut shop in the last...

Interviews View All

Pinkesh Jain, Everflow Petrofils Ltd

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Top executives, Textile industry

Top executives
Textile industry

The foremost issue is bridging the skill gap

Kaizad Hansotia, GetNatty

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Erik Sy,

Erik Sy

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

Nitesh Mittal,

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Rikesh Mistry,

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Ayyappa Nagubandi, Broadcast Wearables Pvt Ltd

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

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

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

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

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


October 2018

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

news category


Related Categories:

Advanced Search