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 â€˜Advance License Schemeâ€™. 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.
A report that is issued every week covers price statistics and objective analysis of the market trends on various textile value chains
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A weekly report covering market and price information on the entire chain of polyester along with online access to daily polyester chain prices.
One-time reports that are issued annually cover the demand and supply trends in individual products including polyester, nylon, acrylic, viscose, and cotton.
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