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Lack of clarity on DBK rate, ROSL to impact textile exports

Related Keywords: chairman, export of garments, impact Indian textile exports, lack of clarity on DBK, made up textile articles, P Nataraj, Rebate of State Levies, ROSL, SIMA, Southern India Mills Association, Textile Industry, unable to book orders

The textile industry are unable to book orders due to lack of clarity on the duty drawback rate and Rebate of State Levies (ROSL) on export of garments and made up textile articles, and this could impact India’s textile exports, said P Nataraj, Chairman, the Southern India Mills Association (SIMA).

For the textile industry second half of September could be a crucial period as the government is yet to give a mandate to the duty drawback committee on the revised duty drawback rate and Rebate of State Levies (ROSL).

Swiss company offers to set up Rs2000cr mega textile park in AP

Related Keywords: chairman, challenge in AP, Chief Minister N Chandrababu Naidu, evinced interest in setting up solar panel manufacturing plant, Francesco Gherzi, Gherzi Textile Unit, lay in adding value to cotton production by weaving, meeting with business delegations in Zurich, proposal for setting up mega textile park, Switzerland-based companies

Switzerland-based companies have evinced interest in setting up a solar panel manufacturing plant at an initial investment of $200 million and a proposal for setting up a Rs2,000 crore mega textile park in Andhra Pradesh during Chief Minister N. Chandrababu Naidu meetings with business delegations in Zurich on Tuesday.

Mr. Naidu, who arrived in Zurich en route Davos to participate in the three-day World Economic Forum’s annual summit, held meetings with various business delegations.

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