Varanasi, (Uttar Pradesh) [India]December 15, 2015 (ANI): The textile sector is determined to achieve the $100 billion export goal by 2030. After meeting with leaders from the textile industry in Varanasi, Piyush Goyal said that Kashi and Tamil Nadu would play a significant role in this.
“The textile industry is full of confidence. They are going to achieve the USD 100 bn targets and they are going to become the largest creator of jobs and employment and work opportunities in this country after agriculture,” said Piyush Goyal.
Piyush Goyal, Union Commerce and Textiles Minister said that Dharmendra Pradhan (Union Education and Skill Development) has led this fantastic one-month program which brings Tamil Nadu and Kashi culture closer.
“My colleague Union Education and Skill Development Minister Dharmendra Pradhan has steered this wonderful one-month program through which we are bringing Tamil Nadu and Kashi culture closer together. Examples of our tradition, rich culture, history and old tie between Kashi and Tamil Nadu will open up new opportunities and new possibilities,” said Goyal.
Piyush Goyal said that textile is a sector where margins of 5 per cent are very important to become competitive, adding, “With the Free Trade Agreement (FTA) with countries we are insisting that we get duty-free access for Indian textiles. The potential for growth is huge in Australia and UAE, both according to the Australian textile sector. We are working on FTAs which will all give a boost to the textile sector.”
Goyal cited the example of the United Kingdom and stated that there is a 12% import duty in the UK, and a 9% import duty for different items.
“If that goal tells you better but textile is a sector is are very important to become competitive. With Richard’s agreement, we are insisting that we get duty-free access to Indian textiles both in UAE and Australia. The textile industry assures me that all the growth possibilities we are working on will give a boost for the sector. Different items are subject to a 9 to 12 percent import duty in the textile industry. If that goes away, suddenly we get a big boost for our textile industry,” said Goyal.
He indicated that PM Mitra park was in an advanced stage and is currently evaluating 18 proposals. It will hopefully be ready to finalise these proposals in the near future.
“The MITRA park seeks to integrate the textile value chain from spinning, weaving, processing, dyeing, and printing to garment manufacturing,” he said.
Sanjay Jayavarthanavelu is Chairman and Managing director of Lakshmi Machine Works. He stated that both Tamil Nadu (and Kashi) had strong textile industries.
“India is going to be a very large player in the textile business. Today we are number three number and soon I’m sure we will become number two. Through FTAs I am sure that India will be able to export a lot of great fabric all over the world and I’m sure it’s going to flourish in the future,” added Sanjay Jayavarthanavelu.
“One thing which India lacked was FTAs.and I thank the government for having worked on many FTAs between India and other countries. This gives access to our goods into those countries and concessional duty compared to the other countries as well, this was sure to boost our exports to these companies”, he said. (ANI)
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