East India's textile industry wants govt focus on jute, tech textiles

24 Sep '21

1 min read

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The Indian government should give special importance to the jute industry in the eastern part of the country, participants said at a recent discussion session organised by the Indian Chamber of Commerce (ICC) with the ministry of textiles. With Bangladesh growing faster in technical textiles, they feel the government’s focus on that sector has not been enough.

The participants raised concern over the varied goods and services tax rates and requested the central textile ministry to seek a fixed single slab of 7 per cent for all types of garments.

They urged the government to replicate the Bangladesh model of supporting the textile fraternity with ease-of-business and simplified tax structures.

Global buyers are comparing the cost of Indian textile products with Chinese ones and the reason for the higher cost of Indian products is because the country’s banking system is not supporting the textile sector, it was discussed.

The participants also raised concerns over how the production-linked incentive scheme will benefit micro, small and medium enterprises in the eastern region.

Man-made fibres is an area where India has been lagging, they felt.

The eastern region should take advantage of the proximity to Bangladesh to cultivate a textile hub, they added.

ALCHEMPro News Desk (DS)

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