The TEA head emphasized, “If the machineries are manufactured in India with technical collaboration with reputed machinery manufacturers then naturally the cost of machinery would come down. The Government should also encourage and support by allocating funds for Research and Development (R&D). Now the market is flooded with Chinese machinery due to their cost and all these could be controlled once if domestic player commence operations in India.”
The exporters have also sought higher budget allocation for the technology upgradation fund scheme to ensure adequate reimbursement.
Fibre2fashion News Desk - India
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