by Apparel Resources News-Desk
18-January-2019 | 2 mins read
The Apparel Export Promotion Council has thanked Ministry of Commerce and Industry and also Ministry of Textiles for identifying and notifying Harmonised System of Nomenclature (HSN) codes of technical textile.
The AEPC said that with the government notifying the codes for 207 technical textile products, focused strategies can be evolved to promote export of these goods.
The vice-president of the council A Sakthivel said that the with such initiatives by the government, there can be product- specific incentives for traditional textile products.
“I am thankful to our Hon’ble Minister of textiles, Smt. Smriti Irani, for having taken the initiative and pursued the matter. These products were currently being traded under traditional textile products. Now, with these 207 products identified as Technical Textiles, focused production and export enhancement strategies can be developed. Since many of them are high value products or inputs for high value garments, I see this as an important opportunity to diversify our export basket, with better value creation.” – A Sakthivel, Vice-president, Apparel Export Promotion Council
India’s annual exports of the 207 products is currently US $ 1,700 million. The demand for these is good in the global market and the margins are also high.
Among these 207 products, there are 174 products from the textile value chain with 12 products which fall under RMG category.
The Confederation of Indian Textile Industry has also welcomed the move saying that it will give a major boost to the Technical Textiles Sector which plays a vital role in the growth of the textile industry.
“ Technical textiles provides new opportunities to the Indian Textile industry to have long term sustainable future. They are not limited to Chapters 50 to 63 of HSN Codes pertaining to conventional textiles, but are covered under the HSN Codes spread over Chapter 1 to 99. In order to compile the data on export and import and also provide fiscal support, it was necessary to identify the HSN Codes of all the technical textile items.” – Sanjay Jain, Chairman, Confederation of Indian Textile Industry (CITI