Textile industry in the region appreciate the special package

The textile industry in the region today welcomed the special package announced for the textile and apparel sector, particularly the relaxation of labour laws.
In a statement, Indian Texpreneurs Federation Secretary, Prabhu Damodharan appreciated the understanding of government about the importance of textile sector and its potential in exports and fixing a target to regain number one position in 2018 with competing textile manufacturing nations Bangladesh and Vietnam.
President of Tirupur Exporters Association, A Sakthivel, welcomed the package and said that these fresh impetus will help increasing exports growth and as well as creation of employment, mainly for women employees.

Welcoming the package, Southern India Mills' Association chairman, M Senthilkumar said the slew of measures announced for the garment sector would greatly help the exports, which attract 16 to 20 per cent duty in all the major international markets.
Making employees contribution to EPF optimal for employees earning less than Rs 15,000 per month was a good reform in the area of flexibility in labour laws and the whole textile value chain will get benefit from this move, they said.
On the announcement on drawback at All industries rate should be given even when fabric inputs are imported under Advance Authorisation scheme, Prabhu said that the Government should carefully analyse and implement only for very very selective fabrics which are not available in India.

Providing additional incentive of 10 per cent Capital subsidy in Amended Technology Upgradation Fund Scheme from 15 to 25 per cent will boost employment generation, Shaktivel said.