Web Exclusive | June 2018
Industry in dark about sops: Kavita Gupta
Most of the industries in textile sector are unaware about the government schemes and benefits that they are offering to the industries, says Dr Kavita Gupta, Textile Commissioner, Ministry of Textile, while speaking at the industrial meet organised by the Federation of Indian Chambers of Commerce and industry (FICCI) in New Delhi recently. The meet had a riveting discussion about the current state of the textile industry and what steps need to be taken to ensure continuous growth in the sector. Focusing on creating awareness about the technical textile sector Gupta, said technical textile was a sunrise sector in India. Unfortunately, growth in technical textiles is not as encouraging as expected. The government is providing benefits for textile sector but most industries are unaware of it, said Gupta.
Highlighting the benefits that government offers to the industry, she said the garment industry had more subsidy than other industries that include a 25 per cent of subsidy, 12 per cent EPF, income tax benefit, import duty waiver and some more benefits enjoyed by the garment industry.
During the industrial meet, the traders highlighted the need for government to pay attention to import duty as well. Indian industry had to pay 10 per cent import duty to send items outside the country whereas Pakistan and Bangladesh had zero import duty, they said. FICCI hosted an industrial meet ahead of Technotex 2018‘ which will be the seventh edition of international exhibition and conference on technical textiles to be held from June 28 to 29 at Bombay Exhibition Centre.