Ficci seeks consensus on GST rate for textile sector

There is a need for consensus on GST rate for the textiles sector, rationalisation of duty on man-made fibers and expediting the India-European Union (EU) free trade agreement, industry body Ficci urged the government today.

A delegation led by Ficci President Harshavardhan Neotia today met newly appointed Textiles Minister Smriti Irani to present their key concerns related to the textiles sector, it said in a statement.

The delegation requested for the need for arriving at a consensus for GST rate for the textiles sector, rationalisation of duty on man-made fibers and expediting the India - EU FTA, it added.

The statement added that Irani was receptive to the idea of having a consensus on GST rate for the textile industry and also the need for greater market access for the Indian garment exporters in EU under the FTA.