Panipat textile units appeal for rollback of new VAT imposed by State govt

The textile industry of Panipat strongly opposing the VAT of 13.25 percent levied on products like bedsheets, cushion covers, teri towels, curtains and other items stating that it would collide the local textile industry which is currently facing tough competition from the Chinese imports.

Roshan Lal Gupta, vice-president of Haryana Veopar Mandal, said that the entrepreneurs had already made an appeal to the state government to take back the new levy as the VAT would ruin local textile industry.

The district textile traders also submitted a memorandum to Panipat tehsildar opposing the new tax. The traders held a protest and raised slogans against the state government and burned effigy of chief minister Bhupinder Singh Hooda. They also warned that if the government did not rollback the VAT, they would greet the CM with black flags on the Independence Day at Panipat, where he is scheduled to hoist the National Flag.

The textile industry of Panipat, on Wednesday, began the two-day bandh against the imposition of increased VAT on textile units. During the bandh many markets like Amar Bhawan Chowk, Sethi market and SD College road shopping area wore a deserted look.

Recent Posts

Avantium unveils breakthrough for recycling polycotton blends

Avantium has made a major breakthrough in textile recycling, developing a unique method to separate and reuse both cotton and…

20 hours ago

Ventile, Northern Playground unveil versetile Anorak

Ventile has teamed up with Norwegian brand Northern Playground to introduce a new lightweight anorak designed for both outdoor adventures…

20 hours ago

Faherty, Alternew to enhance retail experience

Faherty Brand has announced a new collaboration with Alternew to improve the shopping experience by offering convenient alteration services to…

20 hours ago

GFA and PDS Ventures launch Trailblazer Program

GFA and PDS Ventures are searching for early-stage innovators with sustainable solutions that can transform the fashion and textile supply…

2 days ago

Ambercycle and Benma to scale circular textile solutions

Ambercycle has partnered with Benma, a Chinese sustainability solutions provider, to accelerate circularity in textiles through the production of cycora…

2 days ago

Dutch delegation, Bangladesh partner to strengthen supply chain

A trade delegation from the Netherlands will visit Bangladesh from February 10th to 13th, 2025, as part of the Netherlands…

2 days ago