Wednesday, May 13, 2009

[ Technical Textiles - Silk - India v/s China.]

Silk Weavers Seek Tax Sops For Growth.
TOI Surat 13th May 2009.
The news paper reports that the Federation of Indian Art Silk Weaving Industry(FIASWI)has demanded from Govt of India special perks for decentralized power loom industry. The Chairman of FIASWI has submitted the details of the list of demands to the Textile Commissioner and Textile Secretary. One of the demand is to reduce the customs duty on Polyester filament yarn from 5 per cent to 2 percent. The next demand is to abolish customs duty on Textile Machinery used in manufacture of Technical Textiles. There is a suggestion not a demand to reduce to nil the customs duty on imported Technical Textile yarn not made in India. This the chairman say's will give a competitive edge to Indian Manufacturers over the developed countries manufacturing Technical Textiles. The other demands are few more 'but not relevant according to me this blogger'.

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