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Cabinet approves a set of reforms to boost made ups sector

Related Keywords: approved a set of reforms, boost the made ups sector, domestic industry, for made-ups sector, includes products like towels and bedsheets, including simplified labour laws, provide production incentive, second largest employer, sourcing for made-up sector, technology upgradation, textiles sector after apparel, through TUFS, Union Cabinet

The Union Cabinet to boost the made ups sector which is the second largest employer in the textiles sector after apparel on Wednesday approved a set of reforms, including simplified labour laws and technology upgradation for the made-ups sector which includes products like towels and bedsheets.

The government will provide production incentive through enhanced Technology Upgradation Fund Scheme (TUFS) subsidy of additional 10% for made-ups similar to what is provided to garments based on additional production and employment after three years.

Textile industry pitches lowering excise duty and change in labour laws in Budget

Related Keywords: better market access to major markets, budget for next financial year, change in labour laws, CITI, Indian textile industry, lowering excise duty on MMF and filament, pitches for incentives, realize untapped potential, reduce the tax burden on MMF, second largest employer, via trade pacts

The textile industry, which is the country's second largest employer after agriculture, contributes nearly 14 per cent to industrial production and 4 per cent to the GDP has pitched for incentives such as lowering excise duty on man-made fibre and filament by half and changes in labour laws in the budget for next financial year.

The textiles industry has demanded better market access to major markets like the US and EU via trade pacts to help realize its untapped potential.

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