Union Minister to release plan to revitalize textile industry soon

Union Minister of State for Textiles Santosh Kumar Gangwar during his meeting with exporters organized by Tirupur Exporters Association (TEA) on Saturday said that for revitalizing the Indian textile industry, the Vision, Strategy and Action Plan would be released before the Union Budget.

Their primary focus is to have good uniform frameworks/guidelines implemented for every segment in the production chain of the textile industry across the country,.

Mr. Gangwar assured exporters that their pending request for certain amendments regarding overtime wages in garment factories speedy execution of Free Trade Agreement (FTA) with European Union, would be looked into.

TEA president A. Sakthivel pointed out the need for introducing duty drawback for those apparels that were made from fabrics imported under the ‘Advance License Scheme’. Presently, duty drawback is not given for such apparels, as fabrics are imported without any duty levied under the said scheme.

He explained that fabric cost comes only to around 40 percent of the apparel cost, with the remaining cost incurred by the use of materials that attract duty. Hence, the request is to give duty drawback for the 60 percent of the cost during the export of the apparels.

During the day, Mr. Gangwar visited the Common Effluent Treatment Plant a Arulpuram and also inaugurated a skill development centre at NIFT-TEA Knitwear Institute and the re-designed web site of Tirupur Exporters Association.

Recent Posts

Uncaged Innovations partners to launch leather alternative

Biomaterial company, Uncaged Innovations, has collaborated with ten independent fashion brands to launch Elevate, a new eco-friendly luxury leather alternative.

21 hours ago

Rudolf enhances digital pigment printing

Rudolf introduced the Digital Pigment Printing Toolbox, a package of pre-treatment products to improve the quality and sustainability of pigment…

21 hours ago

Aquafil Group unveils sustainable yarns

Aquafil Group, the innovator behind ECONYL regenerated nylon, has launched the ECONYL Bespoke Collection that mimic the aesthetics of natural…

21 hours ago

GTT and Golden Long John pioneer sustainable textile processes

Green Theme Technologies (GTT), has partnered with Golden Long John to advance environmentally conscious fabric dyeing and finishing processes.

2 days ago

KOLAB Collection launches NFC-tagged clothing line

KOLAB Collection, a leader in sustainable fashion, has revolutionized the industry by launching NFC-tagged clothing line as part of its…

2 days ago

Advance Denim, Lenzing, and Asahi Kasei launch sustainable stretch denim

Advance Denim, Lenzing’s, and Asahi Kasei have teamed up to launch the LoopTy Collection, a series that combines functionality, style,…

2 days ago