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Enhanced MEIS & RoSL export benefits a huge relief: SIMA
The Government has increased the Merchandise Export from India Scheme (MEIS) from 2 per cent to 4 per cent for all garments and made-ups and also increased the upper limit of Remission of State Levies (RoSL) for the exports of cotton garments from 1.22 to 1.7 per cent and cotton made-ups from 1.55 per cent to 2.20 per cent.
Achhe din kab aayenge?
I remember a presentation I made in China last June, where I proudly claimed that Indian textile industry would be well off even with less purchase of cotton and yarn by China. We all were buzz with optimism and were ranting the Indian consumption story.
Govt´s support lacking
The current budget for 2015-16 is considered as growth oriented by various experts, but I think for textile Industry, it is not very promising budget. The Government´s vision of growing Indian textile and apparel industry to US$ 220 billion by 2020 needs more support and schemes from government. Unfortunately major demands of Industries have not been met in current budget.
Focus on technical textiles, garments; boost to handlooms
The new government under the able leadership of Prime Minister Narendra Modi has stressed a revolutionary economic vision based on increasing production, export and generating employment, giving particular attention to productive employment opportunity for the youth, inclusive and participative growth, skill, scale and speed, ´Make in India´ brand, zero defect - zero effect, Adarsh Gram, to name a few.
Textile Industry: AT CROSSROADS?
The ITJ, in an exclusive report, presents the pulse of the industry in summarised statements about prospects in 2015 from a cross-section of industry leaders, experts and concerned authorities.
Currently, all we need is Value ADDITION
The office of the Textile Commissioner was established in 1943 during the World War II for arranging the supply of cloth to the defence forces as well as civilian population.
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