The textile and apparel sector has welcomed the announcements
in the Union budget, especially the announcement
of Mission on Cotton Productivity.
Vijay Agarwal, chairman of The Cotton Textiles Export
Promotion Council, said the proposal to set up an Export
Promotion Mission, with sectoral and ministerial targets, will
provide the much needed inter-ministerial co-ordination. The
Council remains confident in achieving the goal of $25 billion
in cotton textile exports by 2030,
According to Sudhir Sekhri, chairman AEPC, the budget seeks
to create a foundation for robust export growth encouraging
innovation and competitiveness, particularly for the MSME
sector. The measures announced will help the apparel sector
compete globally by promoting Five F vision and “Make in
India, Make for the World” initiative. A. Sakthivel, chairman of
the Apparel, Made Ups, and Home Textiles Sector Skill
Council, said the budget will be impactful and will bring
growth.
Chairman of the Manmade and Technical Textiles Export
Promotion Council Bhadresh Dodhia said the increased fund
allocation for key government schemes such as RoDTEP
(Remission of Duties and Taxes on Exported Goods), RoSCTL
(Rebate on State and Central Taxes and Levies), and
Production-Linked Incentive scheme for textiles will boost the
export potential of manmade fibre textiles and technical
textiles.
The Confederation of Indian Textile Industry chairman
Rakesh Mehra said the introduction of the new Income Tax
regime will increase disposable income with people and
enhance domestic consumption of textiles and clothing.
S.K. Sundararaman, chairman of the Southern India Mills’
Association, said the cotton is the growth engine and strength
of Indian textile industry accounting for almost 80% of the
textile exports. The industry has been demanding for a Cotton
Technology Mission supporting high yielding seed technology,
adoption of global best agronomy practices, producing clean
cotton and branding Indian cotton to benefit the farmers and
the industry. The announcement of Rs. 600 crore to improve
productivity and sustainability of cotton, promote ELS cotton
and best of science and technology to cotton farmer on a
mission mode approach will give a thrust to the cotton sector.
According to K.M. Subramanian, president of the Tiruppur
Exporters’ Association, higher import duty on knitted fabrics
will curb the influx of undervalued fabrics and benefit the local
manmade fibre-based industry.
The South India Hosiery Manufacturers Association president
A.C. Eswaran said the Mission on Cotton will benefit the
cotton-based textile sector in the long run.
Sanjay K. Jain, chairman of the ICC National Textiles
Committee, said the overall impact of the budget on the textile
sector will be positive and textiles is pre-dominantly in the
MSME segment with many women entrepreneurs. Hence, all
schemes announced for the MSMEs will benefit the sector.
Convenor of the Indian Texpreneurs Federation Prabhu
Dhamodharan said the Mission on Cotton is a vital initiative
for the textile sector as it will increase cotton productivity and
boost farmers’ income.
G. Arulmozhi, president of the Openend Spinning Mills
Association, said the removal of Customs Duty on two types of
shuttleless looms is a welcome move for the technical textiles
sector.
M.P. Muthurathinam, president, Tirupur Exporters and
Manufacturers Association, expressed disappointment for lack
of measures to control imports from Bangladesh.
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