Textile units launch helpline to address yarn price issues
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Coimbatore The National Committee on Textiles and Clothing (NCTC) has launched a helpline portal to redress grievances related to yarn price increase and supply.
The garment units and trade in Tiruppur had gone on a day’s strike on Monday to draw the attention of the government on the yarn price hike.
The NCTC said in a press release on Wednesday that it had a meeting of the stakeholders on March 12 and launched a helpline portal (http://citiindia.org/yarn-form/form/form.php).
T. Rajkumar, coordinator of the NCTC, said fabric manufacturers who face yarn shortage or irregular supply can post the details on the portal 24X7. The secretariat of the Confederation of Indian Textile Industry will pass on the information to related textile and export organisations. These will “advise the members to post details of the non-availability/short supplies of yarn so as to find solutions on
Smriti Irani highlights the ‘historic’ growth of the PPE sector during the pandemic
The Indian textile and clothing sector has several opportunities in the infrastructure and healthcare sectors, Union Minister for Textiles Smriti Zubin Irani has said.
Inaugurating the Global Textile Conclave, organised virtually by the Confederation of Indian Textile Industry, on Wednesday, the Minister said the Union Budget this year had proposed capital expenditure of ₹1 lakh crore in infrastructure projects next financial year and another ₹ 1 lakh crore in railways. The Jal Jeevan Mission of the Union Government was not only to provide clean drinking water but also to develop water bodies in rural areas.
February 23, 2021
Move will kill industrial development, they say
The Uttar Pradesh unit of Federation of Chamber Of Commerce of India (FICCI) has written to Chief Minister Yogi Adityanath raising objections against the state government’s introduction of cross-subsidy charges on open access electricity consumers.
“Most of our members of FICCI have conveyed their deep concerns regarding cross subsidy charges being imposed on Open Access Consumers vide Electricity Tariff Order for the year 2020-21 from nil to ₹1.56 per unit,” Sharad Jaipuria, Chairman, FICCI UP State Council, has written in the letter.
“This steep hike in cross subsidy charges for industrial units during this unprecedented Covid-19 pandemic year 2020, which is still persisting, is highly uncalled for and is not conducive for industrial development as well as for investment-oriented sentiment generated so far by your good offices,” the letter continues.
The Indian textiles and clothing industry has broadly welcomed the
Union Budget 2021-22 presented by finance minister Nirmala Sitharaman in Parliament on February 1. Setting up of 7 mega textiles parks under MITRA, and reducing duty on nylon raw materials are welcomed by all trade bodies, while there is a mixed reaction to 10 per cent import duty on cotton.
The grant to the
textiles and clothing sector in Union Budget 2021-22 is ₹3,614.64 crore, which is about 10 per cent higher than the revised budget of ₹3,300 crore in 2020-21. The budget also puts emphasis on Infrastructure Development and Research & Capacity Building as the grant for these sectors has been increased by about 43.7 per cent and 77.5 per cent respectively as compared to last year. Share of these sectors in total textile and apparel budget allocation for 2021-22 stands at about 6 per cent and 10 per cent respectively.
Customs duty on cotton imports disappoints textile sector
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‘It will make import of branded cotton expensive’
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‘It will make import of branded cotton expensive’ The textile and clothing sector here has expressed disappointment over the levy of customs duty on cotton imports in the Union Budget.
Manoj Patodia, chairman of the Cotton Textiles Export Promotion Council, said that the plan to establish seven mega investment textile parks in three years was a positive step towards making the industry globally competitive. It would attract investments and boost employment. However, the plan to levy customs duty on cotton imports would make import of branded cotton expensive.