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Related Keywords: After implementation of GST, cheaper imports, CITI, effective from October 27, from 10 percent to 20 percent, from countries like China, Global Textile Hub, Government of India, imported polyester fabrics, increased basic Customs duty, significant drop in import duty, SIMA, threatened domestic manufacturing industry

After implementation of the GST, there was a significant drop in the import duty that threatened the survival of the domestic manufacturing industry due to cheaper imports from countries like China. The government of India has increased the basic Customs duty on imported polyester fabrics from 10 percent to 20 percent with effect from October 27, 2017.

Related Keywords: announce a package, from countries like China, government, Knitwear industry, knitwear industry facing tough competition, lack of technology Upgradation, next two months, owing to factors like lower automation, provide a level playing field

Government in order to provide a level playing field to the knitwear industry will announcing a package for the country’s knitwear sector in the next two months. As the knitwear industry is facing tough competition from countries like China owing to factors like lower automation and lack of technology Upgradation.

Secretary in the textiles ministry Anant Kumar said that they met stakeholders on a package for the knitwear sector on June 5 and held consultations on the draft scheme.