FICCI has suggested measures like labour reforms and keeping textile industry under the lowest slab of GST to boost the country’s textile and clothing industry and raise India’s share in world exports.
The measures suggested include providing ‘dormitories’ for ensuring supply of skilled and unskilled labour to the textile factories through a provision in the National Textiles Policy, revisiting excise duty structure on fibre and yarns and bringing down duties on man-made fibres at par with cotton to bring neutrality in the sector.
“The textile industry should be kept in the lowest slab of Goods and Services Tax (GST) as it provides a basic necessity to the masses with large scale employment potential,” said Shishir Jaipuria, Chairman of FICCI Textiles Committee.
Other measures included setting up of pollution free zones for textile processing to help in increasing textiles exports from India. A separate scheme in this regard needs to be introduced, which provides additional support of Rs. 5 crore for each Park for setting up Common Effluent Treatment Plant (CETP).
Globally, the total textile and apparel trade has grown at a CAGR of 6.7 per cent in the last 11 years, being valued at US $ 706 billion with major markets being USA, Germany, Japan, China and UK. India has a share of 4 per cent in global exports of textile and apparel, FICCI said.






